Spencer Insurance Services Salary
How Much Does Spencer Insurance Services Pay for Different Roles?
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Current Job Openings at Spencer Insurance Services
Is Spencer Insurance Services’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| MFP Global Services Corp | $103,507 |
+32.0%
|
Influenced by prevailing union wage agreements specific to MFP Global Services Corp's sector. |
| DFS Advisors | $90,998 |
+16.1%
|
Reflects structural premiums typical of DFS Advisors's large-cap national operations. |
| The Fox Insurance Agencies LLC | $88,445 |
+12.8%
|
Driven by niche technical certifications required for The Fox Insurance Agencies LLC's specialized projects. |
| Luft Insurance Agency Inc | $84,721 |
+8.1%
|
Supported by Luft Insurance Agency Inc's high-margin contracts allowing higher overhead. |
| Insurance Industry | $123,858 |
+58.0%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Spencer Insurance Services's Salaries Compare to Similar Companies?
MFP Global Services Corp
$103,507 / year
Salary Range: $91,067 - $117,025
Randolph, NJ
DFS Advisors
$90,998 / year
Salary Range: $80,071 - $102,892
Dallas, TX
The Fox Insurance Agencies LLC
$88,445 / year
Salary Range: $77,817 - $100,002
Minersville, PA
Luft Insurance Agency Inc
$84,721 / year
Salary Range: $74,545 - $95,795
Escanaba, MI
Edie Williams
$85,143 / year
Salary Range: $74,921 - $96,271
Jacksonville, FL
Brian Knight Insurance Agency
$83,920 / year
Salary Range: $73,840 - $94,893
Columbia, SC
Sunstone Insurance Group LLC
$98,255 / year
Salary Range: $86,449 - $111,099
Vernon Rockville, CT
Hunt Insurance & Retirement Services
$84,954 / year
Salary Range: $74,747 - $96,064
Beech Island, SC
Hock Insurance Services
$85,091 / year
Salary Range: $74,875 - $96,222
Augusta, GA
Employee Reviews: Working at Spencer Insurance Services
Spencer Insurance Services Overview
What Benefits Does Spencer Insurance Services Offer Beyond Salary?
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What Is the Cost of Living Near Des Moines?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $850 - $1,300+ | A significant portion of Spencer Insurance Services salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $220 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $48 (DART monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $370 - $550 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $330 - $600+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $350 - $650+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,078 - $3,328+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Spencer Insurance Services
1. What is the estimated average total compensation at Spencer Insurance Services?
Salary.com estimates that the average total compensation package at Spencer Insurance Services, which can include base salary, potential bonuses, and benefits, is around $78,393 annually . Total compensation provides a more holistic view of an employee's earnings.
2. How much does Spencer Insurance Services pay compared to MFP Global Services Corp?
The average annual salary at Spencer Insurance Services is $78,393, or an hourly wage of $38, in comparison to MFP Global Services Corp which pays $103,507 per year or $50 per hour.
3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Spencer Insurance Services?
Salary progression from an entry-level to a senior role at Spencer Insurance Services can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
4. How can I determine if a salary offer from Spencer Insurance Services in Des Moines is fair given the local cost of living?
To determine if a salary offer from Spencer Insurance Services in Des Moines is fair, first compare the gross salary to our data for similar roles at Spencer Insurance Services and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Des Moines" to understand its purchasing power.
5. Are promotions at Spencer Insurance Services usually accompanied by a significant salary increase?
Yes, promotions at Spencer Insurance Services are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.
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