Richfield State Insurance Salary

Richfield State Insurance Salary

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As of August 2026, the average annual salary for employees at Richfield State Insurance in the United States is $97,601. This translates to an approximate hourly wage of $47. Salaries at Richfield State Insurance typically range from $85,871 to $110,355 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Richfield State Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at Richfield State Insurance. Based on our data, the highest paying job is the Principal, with an annual salary of $106,506. 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 Richfield State Insurance

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

Is Richfield State Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Richfield State Insurance'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
Health Savings Associates Insurance Services $95,670
-2.0%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Capital Bay Underwriting LLC $88,645
-9.2%
Capital Bay Underwriting LLC operates with a leaner overhead structure, impacting base wage offers.
Iowa Department of Insurance $89,690
-8.1%
Reflects market rates for standard general contracting, differing from specialized roles.
1st American Pension Services Inc $87,285
-10.6%
1st American Pension Services Inc may offer non-monetary perks in lieu of competitive base salaries.
Insurance Industry $123,858
+26.9%
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 Richfield State Insurance's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Richfield State Insurance. Click a company name to learn more.

Employee Reviews: Working at Richfield State Insurance

Considering a career at Richfield State Insurance? 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.
The benefits, including health and retirement plans, are strong. Supportive supervisors. This company values its employees and invests in their growth. The insurance industry can be demanding, but the leadership team ensures we have the tools and support needed to succeed.
Commented in April 06, 2025
27
1
This insurance company stands out due to its employee-centric policies. A company, fair policies. The office is modern and comfortable, enhancing productivity. The leadership team is approachable and values employee feedback. It’s a good fit for those who prefer routine and stability in their roles. The team is professional, though interactions are mostly work-focused. The company fosters a positi...
Commented in August 23, 2024
36
1
The insurance field is competitive, but the team works well together. Good for those seeking consistency. Training sessions are frequent, and mentorship is available. The insurance industry expertise here is impressive, making daily work meaningful.
Commented in March 06, 2024
11
3

Richfield State Insurance Overview

Website
www.richfieldinsurance.com
Founded In
1947
Employees
<25 employees
Industry
Insurance
Headquarter Address
6636 Cedar Ave S Richfield Minnesota MN 55423
Revenue
<$5 Million
Phone Number
+1 6128618300
Social Media
About Richfield State Insurance
Richfield State Insurance has been serving the Twin Cities and surrounding communities since 1947. We are proud to be able to provide you with quality insurance products to cover your automobiles, home, boat, and recreational vehicles, business and life insurance. We are driven by the satisfaction of our policyholders and strive for the highest quality of customer service that can be provided to y

What Benefits Does Richfield State Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richfield State Insurance 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)
Work at Richfield State Insurance?
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Richfield State Insurance.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Richfield State Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Richfield State Insurance salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richfield State Insurance

1. What is the average salary for employees at Richfield State Insurance?

The average annual total compensation for employees at Richfield State Insurance is approximately $97,601. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,871 to $110,355, depending on factors like job role, experience, and location.

2. How much does Richfield State Insurance pay compared to Health Savings Associates Insurance Services?

The average annual salary at Richfield State Insurance is $97,601, or an hourly wage of $47, in comparison to Health Savings Associates Insurance Services which pays $95,670 per year or $46 per hour.

3. What is the lowest salary at Richfield State Insurance?

The lowest-paying job at Richfield State Insurance is a Customer Service Representative with a salary of $34,386 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Richfield State Insurance?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Richfield State Insurance for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Richfield State Insurance offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?

While some companies offer formal COLA, many, including potentially Richfield State Insurance, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Richfield State Insurance?

Most companies, likely including Richfield State Insurance, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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