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Risk Purchasing Group Inc Salary

Risk Purchasing Group Inc Salary

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As of October 2026, the average annual salary for employees at Risk Purchasing Group Inc in the United States is $98,086. This translates to an approximate hourly wage of $47. Salaries at Risk Purchasing Group Inc typically range from $86,284 to $110,940 annually, reflecting the diverse roles and experience levels within the company.
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Is Risk Purchasing Group Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Risk Purchasing Group 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
Berkshire Indemnity Group Inc $98,676
+0.6%
Suggests Berkshire Indemnity Group Inc utilizes a highly similar base-plus-benefits compensation model.
Guy Sinicropi Insurance $97,801
-0.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Associated Benefit Consultants Inc $102,463
+4.5%
Driven by niche technical certifications required for Associated Benefit Consultants Inc's specialized projects.
The General Dynamics Is & T Retiree Benefits $102,400
+4.4%
Reflects structural premiums typical of The General Dynamics Is & T Retiree Benefits's large-cap national operations.
Insurance Industry $123,858
+26.3%
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 Risk Purchasing Group Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Risk Purchasing Group Inc

Considering a career at Risk Purchasing Group 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.
I’ve been with this insurance firm for several years and have seen consistent growth. The company also prioritizes diversity and inclusion, creating a welcoming atmosphere. Team dynamics are strong, and management encourages innovation. The onboarding process was thorough, and ongoing training keeps skills sharp.
Commented in May 12, 2025
40
1
The insurance training is top-notch, with access to industry certifications. It’s a great workplace for those looking to grow in the insurance sector. I appreciate the focus on employee well-being and the clear communication from leadership. Highly recommend for professionals seeking stability in insurance. A great place for those looking to advance in the insurance sector. Career growth opportuni...
Commented in October 17, 2024
21
0
Managers are attentive and provide clear direction, making it easy to meet objectives. Benefits like health insurance and retirement plans are top-notch. Work-life balance is good, and benefits are strong. The company offers a supportive and engaging work environment. It’s A company with reasonable expectations, making it a dependable choice for professionals in insurance.
Commented in February 18, 2024
28
3

Risk Purchasing Group Inc Overview

Website
Data pending, update soon.
Founded In
2007
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
1 N Franklin St Chicago Illinois IL 60606
Revenue
<$5 Million
Phone Number
-
Social Media
About Risk Purchasing Group Inc
Risk Purchasing Group Inc is a company that operates in the Insurance industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Chicago, Illinois.

What Benefits Does Risk Purchasing Group Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Risk Purchasing Group 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Risk Purchasing Group Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Risk Purchasing Group Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Risk Purchasing Group Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Risk Purchasing Group Inc

1. How much does Risk Purchasing Group Inc in the United States pay?

Risk Purchasing Group Inc pays its employees an average of $98,086 per year. The average salary at Risk Purchasing Group Inc range from $86,284 to $110,940 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 Risk Purchasing Group Inc employees get a higher salary than its peer company?

The salary at Risk Purchasing Group Inc is lesser than its peer company. The average annual salary at Risk Purchasing Group Inc is $98,086, or an hourly wage of $47, in comparison to Berkshire Indemnity Group Inc which pays $98,676 per year or $47 per hour.

3. How much does salary increase with years of experience at Risk Purchasing Group Inc?

Salary progression with years of experience at Risk Purchasing Group 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.

4. Do salaries at Risk Purchasing Group Inc vary by office location?

Yes, it's very likely that salaries at Risk Purchasing Group 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 Chicago section provides more context.

5. Does Risk Purchasing Group Inc offer good benefits?

Risk Purchasing Group 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 Risk Purchasing Group Inc" section on this page.

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