MHS Companies Salary

MHS Companies Salary

How much does the MHS Companies Pay for employees?

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As of August 2026, the average annual salary for employees at MHS Companies in the United States is $96,620. This translates to an approximate hourly wage of $46. Salaries at MHS Companies typically range from $85,010 to $109,245 annually, reflecting the diverse roles and experience levels within the company. MHS Companies’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 MHS Companies Pay for Different Roles?

Explore detailed salary information for specific jobs at MHS Companies. 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 MHS Companies

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

Is MHS Companies’s Pay Competitive? Salary Benchmarking Analysis

How does MHS Companies’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
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Average Salary ($/year)
MHS Companies
Insurance
Faribo Insurance
TruInsure
Industry Comparison
Our data shows that, on average, compensation at MHS Companies is below the average for the U.S. Insurance industry by approximately 22%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared MHS Companies average annual salary with several similar companies. MHS Companies average salary of $96,620 is higher than Faribo Insurance, which has an average salary of $88,909. It is higher than TruInsure, with their average salary at $85,354. This places MHS Companies in a competitive position among its peers.
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How MHS Companies's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at MHS Companies

Considering a career at MHS Companies? 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 insurance products are high-quality, making client interactions smooth. Management listens to feedback. The benefits package is generous, including health coverage and paid time off. The company has a strong ethical foundation and treats employees well.
Commented in February 24, 2025
10
1
I’ve been with this company for over a year and have no major complaints. Good incentives. The compensation is fair, with performance-based incentives. A solid choice for those who prefer a structured and predictable work setting.
Commented in August 18, 2024
34
0
Work-life balance is prioritized, and managers are understanding of personal needs. The culture is positive, with recognition programs that motivate staff. The insurance knowledge gained here is valuable for long-term career growth. Processes are efficient, and the company maintains a professional atmosphere. Performance reviews are constructive, and there’s a clear path for advancement. The compa...
Commented in July 18, 2024
15
0

MHS Companies Overview

Website
www.mhsinsurance.com
Founded In
1968
Employees
<25 employees
Industry
Insurance
Headquarter Address
11330 86th Ave N Maple Grove Minnesota MN 55369
Revenue
$5 Million - $10 Million
Phone Number
+1 9524004900
Social Media
About MHS Companies
We manage expectations so clients have realistic objectives that can be met. We help our clients address their estate planning need at a reasonable cost. We work as a team, so each area can be addressed while using niche expertise in accounting, legal, insurance and cash management without losing accountability by your trusted advisor. Our partners have been selected to best serve our clients, inc

What Benefits Does MHS Companies Offer Beyond Salary?

A competitive compensation package is more than just a salary. MHS Companies 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at MHS Companies.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from MHS Companies, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of MHS Companies salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MHS Companies

1. How much does a MHS Companies employee make?

MHS Companies pays its employees an average of $96,620 per year. The average salary at MHS Companies range from $85,010 to $109,245 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 MHS Companies?

The salary at MHS Companies is higher than the similar company. The average annual salary at MHS Companies is $96,620, or an hourly wage of $46, in comparison to Faribo Insurance which pays $88,909 per year or $43 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at MHS Companies?

In many roles at MHS Companies, 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 Minneapolis affect the perceived value of a MHS Companies salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from MHS Companies based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does MHS Companies typically offer employees?

MHS Companies 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 MHS Companies" section on this page.

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