Richards & Summers Inc Salary

Richards & Summers Inc Salary

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As of May 2026, the average annual salary for employees at Richards & Summers Inc in the United States is $103,655. This translates to an approximate hourly wage of $50. Salaries at Richards & Summers Inc typically range from $91,205 to $117,196 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Richards & Summers Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Richards & Summers Inc. Based on our data, the highest paying job is the Account Manager, with an annual salary of $76,728. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Richards & Summers Inc

Ready for your next career move? Explore current job openings at Richards & Summers Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Richards & Summers Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Richards & Summers Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Young Insurance Agency $97,358
-6.1%
Young Insurance Agency may offer non-monetary perks in lieu of competitive base salaries.
Harborlife LLC $86,388
-16.7%
Harborlife LLC operates with a leaner overhead structure, impacting base wage offers.
Lehrman Group $90,228
-13.0%
Typical compensation structure for smaller regional agencies like Lehrman Group.
Benson/Quinlan Insurance Agency Inc $101,535
-2.0%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Insurance Industry $123,858
+19.5%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Richards & Summers Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Richards & Summers Inc. Click a company name to learn more.

Employee Reviews: Working at Richards & Summers Inc

Considering a career at Richards & Summers Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Management communicates company updates regularly, though decision-making can sometimes take longer than expected. The compensation is fair, with regular performance bonuses. The company also encourages innovation, which keeps the work interesting. Positive atmosphere with recognition for hard work. The compensation is competitive, and benefits like wellness programs add value.
Commented in February 15, 2025
41
0
The compensation is fair, and the team is highly collaborative. Career growth is encouraged, and the work environment is inclusive. Bonuses and incentives are fair, and there’s a strong emphasis on work-life balance. The company maintains a good reputation in the industry, which can be beneficial for career growth. Managers recognize hard work, and promotions are merit-based. Working here has been...
Commented in June 15, 2024
32
1
Compensation is competitive, and benefits like health insurance and bonuses are appreciated. The company’s reputation in the insurance market is strong, and employees take pride in their work. Great work environment with supportive colleagues and growth opportunities. It’s a stable workplace with standard industry benefits, suitable for those who prefer a structured environment.
Commented in February 03, 2024
8
0

Richards & Summers Inc Overview

Website
www.richsum.com
Founded In
1961
Employees
<25 employees
Industry
Insurance
Headquarter Address
76 Broadway Denville New Jersey NJ 07834
Revenue
<$5 Million
Phone Number
+1 9736270100
Social Media
About Richards & Summers Inc
Richards & Summers, Inc. has been an independent agent since 1963 and is dedicated to bringing personal attention to our clients and all their insurance needs. Our expertise spans all dimensions of the insurance world from homeowners to large commercial accounts. As Agents and Broke...

What Benefits Does Richards & Summers Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richards & Summers Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at Richards & Summers Inc.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from Richards & Summers Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Richards & Summers Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richards & Summers Inc

1. How much does Richards & Summers Inc in the United States pay?

Richards & Summers Inc pays its employees an average of $103,655 per year. The average salary at Richards & Summers Inc range from $91,205 to $117,196 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do Richards & Summers Inc employees get a higher salary than its peer company?

The salary at Richards & Summers Inc is higher than its peer company. The average annual salary at Richards & Summers Inc is $103,655, or an hourly wage of $50, in comparison to Young Insurance Agency which pays $97,358 per year or $47 per hour.

3. What are the highest paying jobs at Richards & Summers Inc?

The higher-paying job at Richards & Summers Inc, according to our data, include Account Manager (avg. $76,728 per year), Account Executive (avg. $72,735 per year), and Bookkeeper (avg. $41,987 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Richards & Summers Inc?

Salary progression with years of experience at Richards & Summers Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Richards & Summers Inc vary by office location?

Yes, it's very likely that salaries at Richards & Summers Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Jersey City section provides more context.

6. Does Richards & Summers Inc offer good benefits?

Richards & Summers Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Richards & Summers Inc" section on this page.

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