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State Farm Bank Salary

State Farm Bank Salary

How much does the State Farm Bank Pay for employees?

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As of August 2026, the average hourly salary for employees at State Farm Bank in the United States is $51. This translates to an approximate annual wage of $106,440. Salaries at State Farm Bank typically range from $45 to $58 hourly, reflecting the diverse roles and experience levels within the company. State Farm 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.
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Current Job Openings at State Farm Bank

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

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

How does State Farm Bank’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)
State Farm Bank
Financial Services
Baseline Investment Holding Group LLC
Citizens Bank of Las Cruces
Industry Comparison
Our data shows that, on average, compensation at State Farm Bank is below the average for the U.S. Financial Services industry by approximately 12%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared State Farm Bank average annual salary with several similar companies. State Farm Bank average salary of $106,440 is higher than Baseline Investment Holding Group LLC, which has an average salary of $90,470. It is higher than Citizens Bank of Las Cruces, with their average salary at $82,475. This places State Farm Bank in a competitive position among its peers.
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Companies Similar to State Farm Bank and Their Hourly Pay Rates

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

Employee Reviews: Working at State Farm Bank

Considering a career at State Farm 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 is a company that invests in people. The best part of working here is the constant encouragement to learn and improve. Information flows freely in all directions. There’s mutual respect and professionalism across the board.
Commented in April 17, 2025
25
2
With employees, the company offers various affinity groups and social activities to foster connections beyond work. Collaborative culture fosters professional growth and innovation. I’ve never felt more engaged in both my role and our mission. Deadlines are manageable, and performance metrics are realistic. Performance reviews are fair and developmental. There is strong focus on compliance and ris...
Commented in April 03, 2025
43
3
I’ve experienced a structured workflow with minimal disruptions. Collaborative culture with strong emphasis on professional development. Workloads are balanced thoughtfully, preventing burnout common in financial services.
Commented in February 15, 2024
38
0

State Farm Bank Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
300 Garrisonville Rd Stafford Virginia VA 22554
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About State Farm Bank
State Farm Bank is a company that operates in the Financial Services industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Stafford, Virginia.

What Benefits Does State Farm Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. State Farm 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 Virginia Beach?

Understanding the cost of living near Virginia Beach is key to truly evaluating a salary offer or your current compensation at State Farm Bank.
Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). Large coastal city, tourism, military, housing near US avg. HRT bus/light rail. When planning your budget based on a salary from State Farm Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of State Farm Bank salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (HRT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,600 - $4,160+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of State Farm Bank

1. How much does State Farm Bank in the United States pay?

State Farm Bank pays its employees an average of $51 per hour. The average salary at State Farm Bank range from $45 to $58 per hour. 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 State Farm Bank employees get a higher salary than its peer company?

The salary at State Farm Bank is higher than its peer company. The average annual salary at State Farm Bank is $106,440, or an hourly wage of $51, in comparison to Baseline Investment Holding Group LLC which pays $90,470 per year or $43 per hour.

3. How much does salary increase with years of experience at State Farm Bank?

Salary progression with years of experience at State Farm 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 State Farm Bank vary by office location?

Yes, it's very likely that salaries at State Farm 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 Virginia Beach section provides more context.

5. Does State Farm Bank offer good benefits?

State Farm 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 State Farm Bank" section on this page.

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