Garrett State Bank Salary

Garrett State Bank Salary

How much does the Garrett State Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Garrett State Bank in the United States is $86,504. This translates to an approximate hourly wage of $42. Salaries at Garrett State Bank typically range from $75,856 to $98,063 annually, reflecting the diverse roles and experience levels within the company. Garrett State Bank’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 Garrett State Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Garrett State Bank. 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 Garrett State Bank

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

Is Garrett State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Garrett State Bank’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
180k
150k
120k
90k
60k
30k
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Average Salary ($/year)
Garrett State Bank
Financial Services
Old Capital
Great Oaks Bank
Industry Comparison
Our data shows that, on average, compensation at Garrett State Bank is below the average for the U.S. Financial Services industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Garrett State Bank average annual salary with several similar companies. Garrett State Bank average salary of $86,504 is lower than Old Capital, which has an average salary of $86,715. It is lower than Great Oaks Bank, with their average salary at $86,937. This places Garrett State Bank 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.

How Garrett State Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Garrett State Bank. Click a company name to learn more.

Employee Reviews: Working at Garrett State Bank

Considering a career at Garrett State Bank? 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.
This hands-on guidance and the sharing of invaluable industry experience are instrumental in personal and professional growth. Third-party tools are carefully vetted. Training is provided but sometimes lacks relevance or follow-through. Priorities are clearly communicated.
Commented in May 18, 2025
28
0
Leaders are open-minded, coworkers are motivated, and the goals are ambitious but attainable. Work tends to be routine, with limited opportunities for creativity or rapid advancement. There's genuine interest in employee well-being, and performance is fairly rewarded. Pay and benefits are competitive and it is somehow outstanding. The transition to hybrid work was seamless thanks to thoughtful pla...
Commented in October 15, 2024
25
2
The leadership team is experienced, though not always accessible. Recognition is specific and meaningful. Professional development is a priority, offering everything from workshops to global rotations.
Commented in August 01, 2024
44
0
It’s fulfilling to contribute to impactful financial solutions in such a supportive environment. There's a genuine commitment to ethical financial advice. Flexible schedules and great benefits.
Commented in July 18, 2024
45
2
Processes are clear but inflexible. I feel like I’m building a long-term career, not just doing a job. Recognition programs motivate and reward employee achievements. Management is transparent and actively works to improve employee satisfaction. A strong emphasis on client service drives excellence.
Commented in February 05, 2024
22
0

Garrett State Bank Overview

Website
www.garrettstatebank.com
Founded In
1893
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
120 W King St Garrett Indiana IN 46738
Revenue
$5 Million - $10 Million
Phone Number
+1 2603573133
Social Media
About Garrett State Bank
The Garrett State Bank and the City of Garrett were named after John Work Garrett. John's father Robert Garrett had become a successful merchant and shipper in Baltimore and had extensive interests throughout the East. He stepped in to assist the financially embarrassed Baltimore and Ohio Railroad in several ways. Bonds were sold to finance the extension to Wheeling WV and his firm assisted in mak

What Benefits Does Garrett State Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Garrett State Bank 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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What Is the Cost of Living Near Gary?

Understanding the cost of living near Gary is key to truly evaluating a salary offer or your current compensation at Garrett State Bank.
Gary's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 18.9% less than IN average). NW IN city, facing economic challenges, extremely affordable housing. GPTC, South Shore Line rail. When planning your budget based on a salary from Garrett State Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $600 - $950+ A significant portion of Garrett State Bank salary. Location choices impact this heavily.
Utilities (Basic) $170 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation GPTC/South Shore (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,750 - $2,860+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Garrett State Bank

1. What is the typical salary range (low to high) for most roles at Garrett State Bank?

The typical annual salary range for most roles at Garrett State Bank is approximately from $75,856 to $98,063. 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 Garrett State Bank pay compared to Old Capital?

The average annual salary at Garrett State Bank is $86,504, or an hourly wage of $42, in comparison to Old Capital which pays $86,715 per year or $42 per hour.

3. Do salaries differ significantly between departments at Garrett State Bank?

Yes, salaries often differ between departments at Garrett State Bank 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 Garrett State Bank?

Experience level is a significant factor in determining salary at Garrett State Bank, 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 Garrett State Bank in Gary is fair given the local cost of living?

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

6. What factors influence salary increases at Garrett State Bank?

Salary increases at Garrett State Bank are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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