Wallace Insurance Group LLC Salary
How Much Does Wallace Insurance Group LLC Pay for Different Roles?
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Is Wallace Insurance Group LLC’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| American Insurance & Benefits LLC | $82,802 |
-6.0%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Spectrum Review Services Inc | $92,042 |
+4.5%
|
Driven by niche technical certifications required for Spectrum Review Services Inc's specialized projects. |
| Free Market Administrators | $88,709 |
+0.7%
|
Reflects stabilized pricing equilibrium for commercial construction roles in this region. |
| Wylie Insurance Agency Inc | $89,415 |
+1.5%
|
Suggests Wylie Insurance Agency Inc utilizes a highly similar base-plus-benefits compensation model. |
| Insurance Industry | $123,858 |
+40.6%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Wallace Insurance Group LLC's Salaries Compare to Similar Companies?
American Insurance & Benefits LLC
$82,802 / year
Salary Range: $72,859 - $93,625
Ocala, FL
Spectrum Review Services Inc
$92,042 / year
Salary Range: $80,978 - $104,063
Spring, TX
Free Market Administrators
$88,709 / year
Salary Range: $78,055 - $100,307
Addison, TX
Wylie Insurance Agency Inc
$89,415 / year
Salary Range: $78,669 - $101,100
Wylie, TX
Lamb Agency for Marine & Bonds Inc
$88,477 / year
Salary Range: $77,844 - $100,039
Galveston, TX
Atlantic International Co
$90,080 / year
Salary Range: $79,265 - $101,856
Atlanta, GA
Global Guard Insurance Inc
$102,041 / year
Salary Range: $89,784 - $115,379
Long Beach, CA
Ciardiello Insurance Agency
$97,506 / year
Salary Range: $85,789 - $110,245
Hamden, CT
Solid Financial Solutions Inc
$85,882 / year
Salary Range: $75,562 - $97,112
Hutchinson, KS
Employee Reviews: Working at Wallace Insurance Group LLC
Wallace Insurance Group LLC Overview
What Benefits Does Wallace Insurance Group LLC Offer Beyond Salary?
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What Is the Cost of Living Near Fort Worth?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,100 - $1,600+ | A significant portion of Wallace Insurance Group LLC salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $80 (Trinity Metro 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 | $380 - $700+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $370 - $690+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,470 - $3,810+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Wallace Insurance Group LLC
1. How much does a Wallace Insurance Group LLC employee make?
Wallace Insurance Group LLC pays its employees an average of $88,097 per year. The average salary at Wallace Insurance Group LLC range from $77,514 to $99,612 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.
2. Which similar company tend to pay more or less than Wallace Insurance Group LLC?
The salary at Wallace Insurance Group LLC is higher than the similar company. The average annual salary at Wallace Insurance Group LLC is $88,097, or an hourly wage of $42, in comparison to American Insurance & Benefits LLC which pays $82,802 per year or $40 per hour.
3. How much does an Agency Owner typically earn at Wallace Insurance Group LLC?
An Agency Owner at Wallace Insurance Group LLC typically earns an average annual base salary of around $206,372, with a general range of $173,797 to $284,608.
4. Do employees with advanced degrees (Master's, PhD) earn more at Wallace Insurance Group LLC?
In many roles at Wallace Insurance Group LLC, 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.
5. How does the cost of living near Fort Worth affect the perceived value of a Wallace Insurance Group LLC salary?
Fort Worth's Cost of Living Index is approximately 97.3 (2.7% less expensive than US average; 4.6% more than TX average). This significantly impacts the purchasing power of a salary from Wallace Insurance Group LLC based there. Our "Cost of Living Insights for Fort Worth" module details this impact, helping you assess the 'real feel' value of your compensation.
6. What kind of benefits does Wallace Insurance Group LLC typically offer employees?
Wallace Insurance Group LLC 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 Wallace Insurance Group LLC" section on this page.
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