| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Nick Anderson State Farm | $89,785 |
+0.7%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Gifford-Heiden Insurance Agency | $85,196 |
-4.5%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Network Claims Solutions Inc | $82,306 |
-7.7%
|
Network Claims Solutions Inc operates with a leaner overhead structure, impacting base wage offers. |
| GoMissionTrip.com | $94,921 |
+6.4%
|
Driven by niche technical certifications required for GoMissionTrip.com's specialized projects. |
| Insurance Industry | $123,858 |
+38.9%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$89,785 / year
Salary Range: $78,999 - $101,526
Richmond, VA
$85,196 / year
Salary Range: $74,958 - $96,332
Venice, FL
$82,306 / year
Salary Range: $72,419 - $93,064
Tallahassee, FL
$94,921 / year
Salary Range: $83,516 - $107,331
Warrenville, IL
$110,058 / year
Salary Range: $96,840 - $124,439
New York City, NY
$89,046 / year
Salary Range: $78,348 - $100,685
$91,736 / year
Salary Range: $80,712 - $103,721
Magnolia, TX
$85,133 / year
Salary Range: $74,912 - $96,259
Louisville, KY
$96,451 / year
Salary Range: $84,863 - $109,062
Redlands, CA
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,800 - $2,800+ | A significant portion of SOL Insurance Agency salary. Location choices impact this heavily. |
| Utilities (Basic) | $160 - $270 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $112.50 (Miami-Dade EASY Ticket monthly) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $440 - $660 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $450 - $850+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $400 - $750+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $3,262 - $5,332+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
SOL Insurance Agency pays its employees an average of $89,183 per year. The average salary at SOL Insurance Agency range from $78,467 to $100,844 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.
The salary at SOL Insurance Agency is lesser than the similar company. The average annual salary at SOL Insurance Agency is $89,183, or an hourly wage of $43, in comparison to Nick Anderson State Farm which pays $89,785 per year or $43 per hour.
In many roles at SOL Insurance Agency, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
Miami's Cost of Living Index is approximately 117.5 (17.5% more expensive than US average; 14.0% more than FL average). This significantly impacts the purchasing power of a salary from SOL Insurance Agency based there. Our "Cost of Living Insights for Miami" module details this impact, helping you assess the 'real feel' value of your compensation.
SOL Insurance Agency generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at SOL Insurance Agency" section on this page.
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