First Madison Insurance Salary

How much does the First Madison Insurance Pay for employees?

As of August 2026, the average annual salary for employees at First Madison Insurance in the United States is $79,258. This translates to an approximate hourly wage of $38. Salaries at First Madison Insurance typically range from $69,744 to $89,625 annually, reflecting the diverse roles and experience levels within the company. First Madison Insurance’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does First Madison Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at First Madison Insurance. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at First Madison Insurance

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

Is First Madison Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does First Madison Insurance’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
First Madison Insurance
Insurance
The Conley Financial Group
Baucham Insurance Group
Industry Comparison
Our data shows that, on average, compensation at First Madison Insurance is below the average for the U.S. Insurance industry by approximately 36%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared First Madison Insurance average annual salary with several similar companies. First Madison Insurance average salary of $79,258 is lower than The Conley Financial Group, which has an average salary of $87,654. It is lower than Baucham Insurance Group, with their average salary at $84,700. This places First Madison Insurance in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

Employee Reviews: Working at First Madison Insurance

Considering a career at First Madison Insurance? 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.
Workloads are balanced, though more team-building activities would be welcome. New tools and training are regularly introduced. Employees are encouraged to share ideas, and leadership is receptive to feedback. The insurance industry is dynamic, but the team adapts well. Performance recognition is fair, and bonuses are attainable.
The organization operates smoothly with well-established procedures. Teamwork is encouraged, making it a great place for collaboration. The hybrid work policy adds flexibility. The benefits package is adequate, though not exceptional.
Colleagues are professional, though social engagement is limited. Coworkers are friendly and management is fair. The office location is convenient, and parking is provided. Career growth is encouraged through mentorship programs. The benefits, including health and retirement plans, are outstanding. The culture here is inclusive and motivating. The company offers competitive benefits, a supportive ...

First Madison Insurance Overview

Website
www.firstmadisoninsurance.com
Founded In
1987
Employees
<25 employees
Industry
Insurance
Headquarter Address
109 S Egan Ave Madison South Dakota SD 57042
Revenue
<$5 Million
Phone Number
+1 6052566634
Social Media
About First Madison Insurance
First Madison Insurance is an independent insurance agency that is a member of the Independent Insurance Agents of South Dakota, Independent Insurance Agents of America (Big I), and Trusted Choice. First Madison Insurance can write business with more than a dozen insurance companies in 9 different states.

What Benefits Does First Madison Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Madison Insurance 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)
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How Much Should You Be Earning?

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What Is the Cost of Living Near Sioux Falls?

Understanding the cost of living near Sioux Falls is key to truly evaluating a salary offer or your current compensation at First Madison Insurance.
Sioux Falls' Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 3.0% less than SD average). Largest SD city, financial/healthcare hub, affordable housing. SAM bus. When planning your budget based on a salary from First Madison Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of First Madison Insurance salary. Location choices impact this heavily.
Utilities (Basic) $110 - $200 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (SAM 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 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,150 - $3,500+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Madison Insurance

1. What is the typical salary range (low to high) for most roles at First Madison Insurance?

The typical annual salary range for most roles at First Madison Insurance is approximately from $69,744 to $89,625. 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. How much does First Madison Insurance pay compared to The Conley Financial Group?

The average annual salary at First Madison Insurance is $79,258, or an hourly wage of $38, in comparison to The Conley Financial Group which pays $87,654 per year or $42 per hour.

3. Do salaries differ significantly between departments at First Madison Insurance?

Yes, salaries often differ between departments at First Madison Insurance due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at First Madison Insurance?

Experience level is a significant factor in determining salary at First Madison Insurance, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from First Madison Insurance in Sioux Falls is fair given the local cost of living?

To determine if a salary offer from First Madison Insurance in Sioux Falls is fair, first compare the gross salary to our data for similar roles at First Madison Insurance and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Sioux Falls" to understand its purchasing power.

6. Are the salaries listed for First Madison Insurance on Salary.com pre-tax or after-tax?

All salary figures displayed for First Madison Insurance, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.