Risman Insurance Agencies Salary

As of August 2026, the average annual salary for employees at Risman Insurance Agencies in the United States is $102,062. This translates to an approximate hourly wage of $49. Salaries at Risman Insurance Agencies typically range from $89,803 to $115,403 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Risman Insurance Agencies Pay for Different Roles?

Explore detailed salary information for specific jobs at Risman Insurance Agencies. Based on our data, the highest paying job is the President, with an annual salary of $790,053. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Risman Insurance Agencies’s Pay Competitive? Salary Benchmarking Analysis

How does Risman Insurance Agencies'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
Isaac Insurance $109,583
+7.4%
Driven by niche technical certifications required for Isaac Insurance's specialized projects.
Buckler Insurance Agency LLC $103,254
+1.2%
Suggests Buckler Insurance Agency LLC utilizes a highly similar base-plus-benefits compensation model.
RiskRighter LLC $86,367
-15.4%
RiskRighter LLC focuses strategically on recruiting and training entry-level apprentices.
NextClaim's $96,377
-5.6%
Normalized for lower cost-of-living zones where NextClaim's primarily operates.
Insurance Industry $123,858
+21.4%
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.

Employee Reviews: Working at Risman Insurance Agencies

Considering a career at Risman Insurance Agencies? 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.
It’s a great place to grow professionally. The company has a positive and inclusive work culture. While no workplace is perfect, the positives far outweigh any minor challenges. The organization operates efficiently with a focus on compliance and customer service. The hybrid work model is a big plus, allowing flexibility without sacrificing productivity.
The workload is manageable, and the team is cooperative. I’ve built strong relationships here and feel appreciated for my contributions. The insurance products we work with are diverse, keeping the job engaging. It’s a decent place to work if you value consistency in the insurance sector. The company also hosts engaging team-building events, fostering camaraderie. Colleagues are respectful, and th...
I’ve grown significantly since joining this company. I appreciate the opportunities for growth here. The leadership is transparent about company direction, making employees feel involved. The benefits, including health coverage and performance bonuses, are impressive. It’s a great place to advance your career.

Risman Insurance Agencies Overview

Website
www.risman.com
Founded In
1985
Employees
<25 employees
Industry
Insurance
Headquarter Address
689 Fellsway Rte 28 Medford Massachusetts MA 02155
Revenue
$5 Million - $10 Million
Phone Number
+1 7813952300
Social Media
About Risman Insurance Agencies
Since 1925, Risman Insurance Agency has been servicing the insurance needs of individuals and businesses in Eastern Massachusetts. Built upon a foundation of high standards for ethics, client service and financial performance, we have been recognized for our commitment to our clients by receiving our second Five Star Award of Distinction from the Massachusetts Association of Insurance Agents. Whet

What Benefits Does Risman Insurance Agencies Offer Beyond Salary?

A competitive compensation package is more than just a salary. Risman Insurance Agencies 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 Medford?

Understanding the cost of living near Medford is key to truly evaluating a salary offer or your current compensation at Risman Insurance Agencies.
Medford's Cost of Living Index is approximately 152.8 (52.8% more expensive than US average; 15.2% more than MA average). Boston suburb (Tufts Univ.), high housing costs. MBTA Orange/Green Line Extension, bus. When planning your budget based on a salary from Risman Insurance Agencies, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,200 - $3,200+ A significant portion of Risman Insurance Agencies salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $480 - $720 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $830+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $430 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,820 - $5,830+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Risman Insurance Agencies

1. What is the typical salary range (low to high) for most roles at Risman Insurance Agencies?

The typical annual salary range for most roles at Risman Insurance Agencies is approximately from $89,803 to $115,403. 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. How much does Risman Insurance Agencies pay compared to Isaac Insurance?

The average annual salary at Risman Insurance Agencies is $102,062, or an hourly wage of $49, in comparison to Isaac Insurance which pays $109,583 per year or $53 per hour.

3. Do salaries differ significantly between departments at Risman Insurance Agencies?

Yes, salaries often differ between departments at Risman Insurance Agencies due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Risman Insurance Agencies?

Experience level is a significant factor in determining salary at Risman Insurance Agencies, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Risman Insurance Agencies in Medford is fair given the local cost of living?

To determine if a salary offer from Risman Insurance Agencies in Medford is fair, first compare the gross salary to our data for similar roles at Risman Insurance Agencies and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Medford" to understand its purchasing power.

6. Are the salaries listed for Risman Insurance Agencies on Salary.com pre-tax or after-tax?

All salary figures displayed for Risman Insurance Agencies, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.