| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Texas Utilities System Employee Group Life Insurance | $95,438 |
-9.3%
|
Texas Utilities System Employee Group Life Insurance may offer non-monetary perks in lieu of competitive base salaries. |
| American General Life Co | $102,569 |
-2.6%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| Mutual Life Insurance Company of New York | $118,823 |
+12.9%
|
Driven by niche technical certifications required for Mutual Life Insurance Company of New York's specialized projects. |
| Colonial Penn | $95,829 |
-9.0%
|
Typical compensation structure for smaller regional agencies like Colonial Penn. |
| Insurance Industry | $123,858 |
+17.6%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$95,438 / year
Salary Range: $83,920 - $108,001
Pittsburgh, PA
$102,569 / year
Salary Range: $90,197 - $116,074
Dover, DE
$118,823 / year
Salary Range: $104,492 - $134,474
New York, NY
$95,829 / year
Salary Range: $84,268 - $108,453
Carmel, IN
$95,291 / year
Salary Range: $83,791 - $107,831
Tucker, GA
$99,394 / year
Salary Range: $87,402 - $112,477
Birmingham, MI
$103,718 / year
Salary Range: $91,214 - $117,379
Philadelphia, PA
$93,540 / year
Salary Range: $82,252 - $105,855
Harrisburg, PA
$104,425 / year
Salary Range: $91,828 - $118,171
Feasterville Trevose, PA
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) | $1,400 - $2,200+ | A significant portion of The Mendenhall Financial Group salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $96 (SEPTA TransPass monthly) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $430 - $630 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $400 - $750+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $390 - $730+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,866 - $4,566+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
The average annual total compensation for employees at The Mendenhall Financial Group is approximately $105,280. However, this is an aggregate figure, actual salaries can range significantly, typically from $92,579 to $119,134, depending on factors like job role, experience, and location.
The average annual salary at The Mendenhall Financial Group is $105,280, or an hourly wage of $51, in comparison to Texas Utilities System Employee Group Life Insurance which pays $95,438 per year or $46 per hour.
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 The Mendenhall Financial Group for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
While some companies offer formal COLA, many, including potentially The Mendenhall Financial Group, 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.
Most companies, likely including The Mendenhall Financial Group, 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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