Monarch Insurance Group Salary
How much does the Monarch Insurance Group Pay for employees?
How Much Does Monarch Insurance Group Pay for Different Roles?
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Is Monarch Insurance Group’s Pay Competitive? Salary Benchmarking Analysis
How Monarch Insurance Group's Salaries Compare to Similar Companies?
Legacy Insurance Brokers
$82,728 / year
Salary Range: $72,786 - $93,539
Amarillo, TX
Hillco General Agency LLC
$87,358 / year
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Marble Falls, TX
Sanger Insurance
$88,508 / year
Salary Range: $77,881 - $100,075
Sanger, TX
Lafaro Insurance Agency LLC
$83,224 / year
Salary Range: $73,217 - $94,100
Erie, PA
Mayfield & Associates LLC
$78,256 / year
Salary Range: $68,855 - $88,479
Gulfport, MS
Palumbo Insurance Associates
$89,616 / year
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Bel Air, MD
Mile Square Insurance Agency
$109,551 / year
Salary Range: $96,391 - $123,878
Hoboken, NJ
JD Resley Associates Inc
$87,580 / year
Salary Range: $77,056 - $99,027
Indianapolis, IN
Richardson-Hanson & Hotz Insurance Agencies
$88,339 / year
Salary Range: $77,725 - $99,892
Dekalb, IL
Employee Reviews: Working at Monarch Insurance Group
Monarch Insurance Group Overview
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What Is the Cost of Living Near Dallas?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,300 - $2,000+ | A significant portion of Monarch Insurance Group salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $96 (DART monthly regional 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 | $430 - $800+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $390 - $720+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,776 - $4,376+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Monarch Insurance Group
1. How much does Monarch Insurance Group in the United States pay?
Monarch Insurance Group pays its employees an average of $89,827 per year. The average salary at Monarch Insurance Group range from $79,035 to $101,575 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. Do Monarch Insurance Group employees get a higher salary than its peer company?
The salary at Monarch Insurance Group is higher than its peer company. The average annual salary at Monarch Insurance Group is $89,827, or an hourly wage of $43, in comparison to Legacy Insurance Brokers which pays $82,728 per year or $40 per hour.
3. How much does salary increase with years of experience at Monarch Insurance Group?
Salary progression with years of experience at Monarch Insurance Group 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 Monarch Insurance Group vary by office location?
Yes, it's very likely that salaries at Monarch Insurance Group 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 Dallas section provides more context.
5. Does Monarch Insurance Group offer good benefits?
Monarch Insurance Group 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 Monarch Insurance Group" section on this page.
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