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Memory Bank Inc Salary

How much does the Memory Bank Inc Pay for employees?

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Salary at Memory Bank Inc

Current Job Openings at Memory Bank Inc

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Is Memory Bank Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Memory Bank 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

Average Salary ($/year)

Memory Bank Inc

Financial Services

Voya Institutional Trust Co

Neffs Bancorp

Industry Comparison

Our data shows that, on average, compensation at Memory Bank Inc is below the average for the U.S. Financial Services industry by approximately 16%. This positioning suggests their pay is below the market average within their sector.

Peer Company Comparison

To provide a broader market perspective, we compared Memory Bank Inc average annual salary with several similar companies. Memory Bank Inc average salary of $102,442 is higher than Voya Institutional Trust Co, which has an average salary of $97,896. It is higher than Neffs Bancorp, with their average salary at $90,143. This places Memory Bank Inc in a competitive position among its peers.

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How Memory Bank Inc's Salaries Compare to Similar Companies?

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

Voya Institutional Trust Co

$97,896 / year

Salary Range: $85,844 - $111,001

Enfield, CT

Neffs Bancorp

$90,143 / year

Salary Range: $79,063 - $102,173

Neffs, PA

Mystic Hotel Investors LLC

$100,849 / year

Salary Range: $88,410 - $114,391

Wilmington, DE

Bank Corporate Headquarters

$99,373 / year

Salary Range: $87,136 - $112,672

Hartford, CT

10 Bank Street LLC

$99,204 / year

Salary Range: $86,989 - $112,477

Mystic, CT

MITSUI ZOSEN( USA) Inc

$93,308 / year

Salary Range: $81,821 - $105,794

St. Louis, MO

Tradeview Ltd

$112,157 / year

Salary Range: $98,343 - $127,158

New York City, NY

Traditions Bank

$88,308 / year

Salary Range: $77,432 - $100,124

Cullman, AL

Phelps County Bank

$90,006 / year

Salary Range: $78,925 - $102,051

Rolla, MO

Employee Reviews: Working at Memory Bank Inc

Considering a career at Memory Bank 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.

Regular training programs keep skills up to date. Employee feedback shapes implementation. The benefits are competitive, and the work is meaningful. Every team meeting feels purposeful and productive. The company provides job security and competitive benefits, but growth opportunities can be heavily dependent on tenure. It’s an environment that encourages learning and celebrates achievements. Howe...

Commented in February 28, 2025

It’s a stable, future-forward company with a strong industry presence. Client relationships are handled with integrity. Training is available it is consistent. The leadership team communicates well and provides growth opportunities. I enjoy the collaborative atmosphere and feel supported in pursuing growth and advancement opportunities within the company.

Commented in February 09, 2025

Despite having team members, IT support is responsive, and systems are user-friendly. Recognition for hard work is consistent. Paid volunteer time allows us to give back meaningfully.

Commented in September 15, 2024

Leadership is professional but sometimes delay to act. It’s not a bad setup, just not particularly collaborative or engaging. Workload is steady, and systems are reliable.

Commented in March 13, 2024

Memory Bank Inc Overview

Website

Data pending, update soon.

Founded In

Data pending, update soon.

Employees

25 - 50 employees

Industry

Financial Services

Headquarter Address

7 Carriage Dr West Haven Connecticut CT 06516

Revenue

$10 Million - $50 Million

Phone Number

About Memory Bank Inc

Memory Bank Inc is a company that operates in the Financial Services industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in West Haven, Connecticut.

What Benefits Does Memory Bank Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Memory Bank 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)

Work at Memory Bank Inc?

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How Much Should You Be Earning?

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What Is the Cost of Living Near West Haven?

Understanding the cost of living near West Haven is key to truly evaluating a salary offer or your current compensation at Memory Bank Inc.

West Haven's Cost of Living Index is approximately 103.6 (3.6% more expensive than US average; 3.8% less than CT average). Coastal New Haven suburb, more affordable than Milford/Fairfield Co. CTtransit, Metro-North. When planning your budget based on a salary from Memory Bank Inc, 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 Memory Bank Inc salary. Location choices impact this heavily.
Utilities (Basic)	$170 - $280	Electricity, Heating, Cooling, Water etc.
Public Transportation	$63 (CTtransit 31-day pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$420 - $610	Can be higher with more dining out or specialty stores.
Personal & Leisure	$350 - $650+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$380 - $700+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,683 - $4,143+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Memory Bank Inc

1. How much does a Memory Bank Inc employee make?

Memory Bank Inc pays its employees an average of $102,442 per year. The average salary at Memory Bank Inc range from $89,830 to $116,159 per year. 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. Which similar company tend to pay more or less than Memory Bank Inc?

The salary at Memory Bank Inc is higher than the similar company. The average annual salary at Memory Bank Inc is $102,442, or an hourly wage of $49, in comparison to Voya Institutional Trust Co which pays $97,896 per year or $47 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Memory Bank Inc?

In many roles at Memory Bank Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near West Haven affect the perceived value of a Memory Bank Inc salary?

West Haven's Cost of Living Index is approximately 103.6 (3.6% more expensive than US average; 3.8% less than CT average). This significantly impacts the purchasing power of a salary from Memory Bank Inc based there. Our "Cost of Living Insights for West Haven" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Memory Bank Inc typically offer employees?

Memory Bank Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Memory Bank Inc" section on this page.