Freestar Bank Salary
How much does the Freestar Bank Pay for employees?
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Is Freestar Bank’s Pay Competitive? Salary Benchmarking Analysis
How Freestar Bank's Salaries Compare to Similar Companies?
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Employee Reviews: Working at Freestar Bank
Freestar Bank Overview
What Benefits Does Freestar Bank Offer Beyond Salary?
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What Is the Cost of Living Near Detroit?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $800 - $1,500+ (Highly variable) | A significant portion of Freestar Bank salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70 (DDOT/SMART 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 - $690+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,130 - $3,660+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Freestar Bank
1. How much does Freestar Bank in the United States pay?
Freestar Bank pays its employees an average of $93,086 per year. The average salary at Freestar Bank range from $81,592 to $105,611 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. Do Freestar Bank employees get a higher salary than its peer company?
The salary at Freestar Bank is lesser than its peer company. The average annual salary at Freestar Bank is $93,086, or an hourly wage of $45, in comparison to ARB Trading Group which pays $103,054 per year or $50 per hour.
3. How much does salary increase with years of experience at Freestar Bank?
Salary progression with years of experience at Freestar Bank is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.
4. Do salaries at Freestar Bank vary by office location?
Yes, it's very likely that salaries at Freestar Bank vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Detroit section provides more context.
5. Does Freestar Bank offer good benefits?
Freestar Bank typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Freestar Bank" section on this page.
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