Risk Purchasing Group Inc Salary

Risk Purchasing Group Inc Salary

How much does the Risk Purchasing Group Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Risk Purchasing Group Inc in the United States is $47. This translates to an approximate annual wage of $98,086. Salaries at Risk Purchasing Group Inc typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company. Risk Purchasing Group Inc’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.
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Current Job Openings at Risk Purchasing Group Inc

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Is Risk Purchasing Group Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Risk Purchasing Group Inc’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Risk Purchasing Group Inc
Insurance
Berkshire Indemnity Group Inc
Guy Sinicropi Insurance
Industry Comparison
Our data shows that, on average, compensation at Risk Purchasing Group Inc is below the average for the U.S. Insurance industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Risk Purchasing Group Inc average annual salary with several similar companies. Risk Purchasing Group Inc average salary of $98,086 is lower than Berkshire Indemnity Group Inc, which has an average salary of $98,676. It is higher than Guy Sinicropi Insurance, with their average salary at $97,801. This places Risk Purchasing Group Inc in a mid-range position among its peers.
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Companies Similar to Risk Purchasing Group Inc and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Risk Purchasing Group Inc. Click a company name to learn more.

Employee Reviews: Working at Risk Purchasing Group Inc

Considering a career at Risk Purchasing Group Inc? 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.
I’ve been with this insurance firm for several years and have seen consistent growth. The company also prioritizes diversity and inclusion, creating a welcoming atmosphere. Team dynamics are strong, and management encourages innovation. The onboarding process was thorough, and ongoing training keeps skills sharp.
Commented in May 12, 2025
40
1
The insurance training is top-notch, with access to industry certifications. It’s a great workplace for those looking to grow in the insurance sector. I appreciate the focus on employee well-being and the clear communication from leadership. Highly recommend for professionals seeking stability in insurance. A great place for those looking to advance in the insurance sector. Career growth opportuni...
Commented in October 17, 2024
21
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Managers are attentive and provide clear direction, making it easy to meet objectives. Benefits like health insurance and retirement plans are top-notch. Work-life balance is good, and benefits are strong. The company offers a supportive and engaging work environment. It’s A company with reasonable expectations, making it a dependable choice for professionals in insurance.
Commented in February 18, 2024
28
3

Risk Purchasing Group Inc Overview

Website
Data pending, update soon.
Founded In
2007
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
1 N Franklin St Chicago Illinois IL 60606
Revenue
<$5 Million
Phone Number
-
Social Media
About Risk Purchasing Group Inc
Risk Purchasing Group Inc is a company that operates in the Insurance industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Chicago, Illinois.

What Benefits Does Risk Purchasing Group Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Risk Purchasing Group Inc 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Risk Purchasing Group Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Risk Purchasing Group Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Risk Purchasing Group Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Risk Purchasing Group Inc

1. What is the average salary for employees at Risk Purchasing Group Inc?

The average total compensation for employees at Risk Purchasing Group Inc is approximately $47 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $41 to $53 per hour, depending on factors like job role, experience, and location.

2. How much does Risk Purchasing Group Inc pay compared to Berkshire Indemnity Group Inc?

The average annual salary at Risk Purchasing Group Inc is $98,086, or an hourly wage of $47, in comparison to Berkshire Indemnity Group Inc which pays $98,676 per year or $47 per hour.

3. How does having a professional certification impact salary for relevant roles at Risk Purchasing Group Inc?

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 Risk Purchasing Group Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Risk Purchasing Group Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?

While some companies offer formal COLA, many, including potentially Risk Purchasing Group Inc, 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.

5. What's the typical process for salary reviews and raises at Risk Purchasing Group Inc?

Most companies, likely including Risk Purchasing Group Inc, 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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