Schafer Agencys Inc Salary

Schafer Agencys Inc Salary

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As of August 2026, the average annual salary for employees at Schafer Agencys Inc in the United States is $87,791. This translates to an approximate hourly wage of $42. Salaries at Schafer Agencys Inc typically range from $77,239 to $99,271 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Schafer Agencys Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Schafer Agencys Inc. Based on our data, the highest paying job is the President, with an annual salary of $679,579. 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 Schafer Agencys Inc

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

Is Schafer Agencys Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Schafer Agencys 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
Creekside Insurance Advisors Inc $101,250
+15.3%
Adjusted for higher cost-of-living indices in Creekside Insurance Advisors Inc's primary metro hubs.
Stallion Insurance Group $95,712
+9.0%
Data suggests Stallion Insurance Group's workforce skews heavily towards veteran, high-tenure roles.
Dwyer Insurance Services $106,978
+21.9%
Influenced by prevailing union wage agreements specific to Dwyer Insurance Services's sector.
Lakepointe Insurance Agency $90,871
+3.5%
Reflects structural premiums typical of Lakepointe Insurance Agency's large-cap national operations.
Insurance Industry $123,858
+41.1%
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 Schafer Agencys Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Schafer Agencys Inc

Considering a career at Schafer Agencys 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.
The company embraces modern work trends, offering flexible schedules and remote options. My experience here has been steady and predictable. The work-life balance is respected, and managers are supportive of flexible schedules when needed. The leadership team is approachable and genuinely cares about employee well-being. The insurance industry is competitive, but the company provides the tools for...
Commented in March 15, 2025
28
3
The office environment is welcoming, and there’s a strong sense of camaraderie. The training programs are excellent, helping employees stay ahead in the industry. For anyone seeking growth in insurance, this is a fantastic place to build a career. Team-building activities are organized quarterly, fostering strong relationships. Career growth is encouraged through mentorship programs. For anyone lo...
Commented in July 27, 2024
47
2
It’s a good place for those who prefer a steady, predictable work environment in insurance. I’ve had a great experience working here—the company truly values its employees. Rewarding work, strong ethics. Company follows regulations well. Career growth opportunities are available for those who seek them.
Commented in January 31, 2024
21
1

Schafer Agencys Inc Overview

Website
www.schaferagency.com
Founded In
1926
Employees
<25 employees
Industry
Insurance
Headquarter Address
5955 E Dunbar Rd Monroe Michigan MI 48161
Revenue
<$5 Million
Phone Number
+1 7342425100
Social Media
About Schafer Agencys Inc
Schafer Agency has been serving the insurance and financial needs of families, individuals and business owners in Michigan since 1926. With 3 convenient locations and agents who are ready and waiting to handle your needs, we make it easy to get what you need as long as you let us know! So tell us, what are you looking to add a layer of safety to? If you have a risk, we can help manage it. If you n

What Benefits Does Schafer Agencys Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Schafer Agencys 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)
Work at Schafer Agencys Inc?
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What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Schafer Agencys Inc.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Schafer Agencys Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Schafer Agencys Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Schafer Agencys Inc

1. What is the average salary for employees at Schafer Agencys Inc?

The average annual total compensation for employees at Schafer Agencys Inc is approximately $87,791. However, this is an aggregate figure, actual salaries can range significantly, typically from $77,239 to $99,271, depending on factors like job role, experience, and location.

2. How much does Schafer Agencys Inc pay compared to Creekside Insurance Advisors Inc?

The average annual salary at Schafer Agencys Inc is $87,791, or an hourly wage of $42, in comparison to Creekside Insurance Advisors Inc which pays $101,250 per year or $49 per hour.

3. What is the lowest salary at Schafer Agencys Inc?

The lowest-paying job at Schafer Agencys Inc is an Accounting with a salary of $39,953 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 Schafer Agencys Inc?

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 Schafer Agencys Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Schafer Agencys Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Detroit?

While some companies offer formal COLA, many, including potentially Schafer Agencys Inc, 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 Schafer Agencys Inc?

Most companies, likely including Schafer Agencys Inc, 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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