Lockman and Associates Inc Salary

Lockman and Associates Inc Salary

How much does the Lockman and Associates Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Lockman and Associates Inc in the United States is $83,456. This translates to an approximate hourly wage of $40. Salaries at Lockman and Associates Inc typically range from $73,427 to $94,369 annually, reflecting the diverse roles and experience levels within the company. Lockman and Associates 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.

How Much Does Lockman and Associates Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lockman and Associates Inc. 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.
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Current Job Openings at Lockman and Associates Inc

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

Is Lockman and Associates Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lockman and Associates Inc’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)
Lockman and Associates Inc
Insurance
Burton Agency Inc
Adenilton M Dos Reis
Industry Comparison
Our data shows that, on average, compensation at Lockman and Associates Inc is below the average for the U.S. Insurance industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lockman and Associates Inc average annual salary with several similar companies. Lockman and Associates Inc average salary of $83,456 is lower than Burton Agency Inc, which has an average salary of $105,385. It is lower than Adenilton M Dos Reis, with their average salary at $98,624. This places Lockman and Associates Inc 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 Lockman and Associates Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Lockman and Associates Inc

Considering a career at Lockman and Associates 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.
The company offers excellent training programs, and the team is very supportive. This company provides a dynamic and engaging work environment. The benefits are excellent, including strong retirement plans and health coverage. Colleagues are professional, and turnover is low.
Commented in May 17, 2025
16
1
The work environment is structured, and processes are well-defined, which helps in maintaining efficiency. The work environment is positive, and management is approachable. The company offers excellent training and development opportunities. A great place for insurance professionals seeking growth. Management is supportive, and teamwork is a core value. It’s a good fit for those who prefer a struc...
Commented in April 12, 2025
19
2
It’s not the most exciting job, but it’s reliable and provides good job security, which is important in this industry. It’s a dependable place for those who value consistency in their job. The workplace is stable with well-defined processes. The company culture emphasizes teamwork and innovation, which makes problem-solving enjoyable.
Commented in January 30, 2024
19
3

Lockman and Associates Inc Overview

Website
www.lockmanandassociates.com
Founded In
1984
Employees
<25 employees
Industry
Insurance
Headquarter Address
133 E Market St Martinsville Virginia VA 24112
Revenue
<$5 Million
Phone Number
+1 2766327568
Social Media
About Lockman and Associates Inc
Lockman and Associates, Inc. established in 1984 to serve Martinsville and Henry County as well as Patrick, Franklin, & Pittsylvania counties. Six staff members with more than 80 years combined experience in all lines of insurance are available to serve your needs.

What Benefits Does Lockman and Associates Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lockman and Associates 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 Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Lockman and Associates Inc.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Lockman and Associates Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Lockman and Associates Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lockman and Associates Inc

1. What is the estimated average total compensation at Lockman and Associates Inc?

Salary.com estimates that the average total compensation package at Lockman and Associates Inc, which can include base salary, potential bonuses, and benefits, is around $83,456 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Lockman and Associates Inc pay compared to Burton Agency Inc?

The average annual salary at Lockman and Associates Inc is $83,456, or an hourly wage of $40, in comparison to Burton Agency Inc which pays $105,385 per year or $51 per hour.

3. Do salaries differ significantly between departments at Lockman and Associates Inc?

Yes, salaries often differ between departments at Lockman and Associates Inc 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Lockman and Associates Inc?

Salary progression from an entry-level to a senior role at Lockman and Associates Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Lockman and Associates Inc in Richmond is fair given the local cost of living?

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

6. Are promotions at Lockman and Associates Inc usually accompanied by a significant salary increase?

Yes, promotions at Lockman and Associates Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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