Memic Salary

Memic Salary

How Much Does Memic Pay for employees?

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As of May 2026, the average hourly salary for employees at Memic in the United States is $37. This translates to an approximate annual wage of $75,956. Salaries at Memic typically range from $32 to $40 hourly, reflecting the diverse roles and experience levels within the company. Memic’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 Memic Pay for Different Roles?

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.

Actuarial Analyst I

$83,053 / year

Salary Range: $74,368 - $91,587

Actuarial

Actuarial Internship

$114,400 / year

Salary Range: $103,044 - $126,263

Actuarial

Agency Services Analyst

$98,474 / year

Salary Range: $86,976 - $111,259

Property and Casualty Insurance Underwriting

Application Developer

$131,150 / year

Salary Range: $118,394 - $145,075

Software Development

Application Developer (.Net)

$124,343 / year

Salary Range: $111,919 - $137,855

Software Development

Application Developer (SQL & .Net)

$124,343 / year

Salary Range: $111,919 - $137,855

Software Development

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Memic.
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About Memic: Company Profile

Website
www.memic.com
Founded In
1993
Employees
200 - 500 employees
Industry
Insurance
Headquarter Location
PORTLAND
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media
About MEMIC
A super-regional workers' compensation specialty insurer rated "A" (Excellent) by A.M. Best, The MEMIC Group insures more than 20,000 employers and their estimated 300,000 employees. Licensed across the country with more than $1.4 billion in assets, The MEMIC Group is a leading carrier in the Northeast with a growing profile down the Eastern Seaboard. Offices are located in New Hampshire, Connecti

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Memic's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The organization operates smoothly with well-established procedures. The insurance products are well-regarded, aiding client trust. The collaborative culture makes problem-solving efficient, and cross-department communication is smooth. Performance reviews are constructive, and there’s a clear path for advancement.
Commented in April 25, 2025
43
1
The insurance products are solid, and client interactions are straightforward. The insurance industry is competitive, but the company provides the tools for success. I’d recommend it to anyone looking for growth in this field. The company maintains a professional atmosphere with structured workflows. The onboarding process was smooth, and ongoing training keeps skills sharp.
Commented in January 10, 2025
44
3
Colleagues are competent, though interactions are minimal. This company values its employees and fosters a positive work environment. Stable environment, decent workload. The corporate social responsibility initiatives are commendable, adding purpose to daily work. The compensation package is fair, and there are opportunities for bonuses. Management is fair and provides regular updates on company ...
Commented in May 27, 2024
50
2
This company offers a stable work environment in the insurance sector. The office is well-maintained, and hybrid work options are available. The team is collaborative, and management is open to new ideas. A solid choice.
Commented in February 08, 2024
47
1

How Memic's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Memic’s pay competitiveness. Click on a company for a deeper dive.

Is Memic’s Pay Competitive? Salary Benchmarking Analysis

How does Memic’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Memic
Insurance
M B A AGENCY, INC.
M BENNETT INSURANCE AGENCY
Industry Comparison
Our data shows that, on average, compensation at Memic is below the average for the U.S. Insurance industry by approximately 39%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Memic average annual salary with several similar companies. Memic average salary of $75,956 is lower than M B A AGENCY, INC., which has an average salary of $94,065. It is lower than M BENNETT INSURANCE AGENCY, with their average salary at $77,297. This places Memic 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.

What Is the Cost of Living Near Portland?

Understanding the cost of living near Portland is key to truly evaluating a salary offer or your current compensation at Memic.
Portland's Cost of Living Index is approximately 110.8 (10.8% more expensive than US average; 9.2% more than ME average). Largest ME city, popular, foodie scene, housing costs significantly above ME avg. METRO bus, ferry. When planning your budget based on a salary from Memic, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,400+ A significant portion of Memic salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (METRO monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 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) $3,085 - $4,855+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Memic

FAQ 1: What is the estimated average total compensation at Memic?
Salary.com estimates that the average total compensation package at Memic, which can include base salary, potential bonuses, and benefits, is around $37 per hour . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Memic pay compared to M B A AGENCY, INC.?
The average annual salary at Memic is $75,956, or an hourly wage of $37, in comparison to M B A AGENCY, INC. which pays $94,065 per year or $45 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Memic?
Salary progression from an entry-level to a senior role at Memic 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.
FAQ 4: How can I determine if a salary offer from Memic in Portland is fair given the local cost of living?
To determine if a salary offer from Memic in Portland is fair, first compare the gross salary to our data for similar roles at Memic and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Portland" to understand its purchasing power.
FAQ 5: Are promotions at Memic usually accompanied by a significant salary increase?
Yes, promotions at Memic 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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