Preferred Rate Salary

Preferred Rate Salary

How much does the Preferred Rate Pay for employees?

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As of August 2026, the average annual salary for employees at Preferred Rate in the United States is $102,410. This translates to an approximate hourly wage of $49. Salaries at Preferred Rate typically range from $89,729 to $116,220 annually, reflecting the diverse roles and experience levels within the company. Preferred Rate’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 Preferred Rate Pay for Different Roles?

Explore detailed salary information for specific jobs at Preferred Rate. 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.
How accurate does the salary look to you?

Current Job Openings at Preferred Rate

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

Is Preferred Rate’s Pay Competitive? Salary Benchmarking Analysis

How does Preferred Rate’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)
Preferred Rate
Financial Services
Ascentium Capital LLC
Together Credit Union
Industry Comparison
Our data shows that, on average, compensation at Preferred Rate 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 Preferred Rate average annual salary with several similar companies. Preferred Rate average salary of $102,410 is lower than Ascentium Capital LLC, which has an average salary of $105,817. It is higher than Together Credit Union, with their average salary at $100,069. This places Preferred Rate in a mid-range 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 Preferred Rate's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Preferred Rate

Considering a career at Preferred Rate? 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.
That makes it easier to stay motivated and proud of the work we do every day. Professionalism and integrity are deeply valued. It's exciting to be part of an institution shaping the future of finance. Ideas are welcomed, and you can really make an impact on processes.
Commented in May 21, 2025
14
0
The company provides a consistent work environment with reliable benefits but limited autonomy. Team leads are open to suggestions, and cross-team collaboration is encouraged. Processes could benefit from periodic reevaluation and simplification. Feedback is constructive, and leadership remains accessible and empathetic. Colleagues are driven, respectful, and professional. I’ve found this organiza...
Commented in March 13, 2025
13
3
I've built solid technical skills and meaningful relationships. The company is structured and compliant but occasionally rigid. Doing good while doing well is truly embodied here. What I appreciate most is how this diversity enhances our problem-solving and client service capabilities.
Commented in January 02, 2024
35
2

Preferred Rate Overview

Website
www.preferredrate.com
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
Financial Services
Headquarter Address
800 E 101st Ter Kansas City Missouri MO 64131
Revenue
$50 Million - $200 Million
Phone Number
+1 8164340761
Social Media
About Preferred Rate
As a company, we embrace the concept of ownership with enthusiasm and optimism for the future of housing in America. As individuals, every employee at Preferred Rate takes personal ownership in creating experiences that matter for our customers and clients. Every transaction represents a family, a home, and a life decision - we understand and appreciate that our participation is a privilege and ou

What Benefits Does Preferred Rate Offer Beyond Salary?

A competitive compensation package is more than just a salary. Preferred Rate 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 Kansas City?

Understanding the cost of living near Kansas City is key to truly evaluating a salary offer or your current compensation at Preferred Rate.
Kansas City, MO's Cost of Living Index is approximately 87.2 (12.8% less expensive than US average; 1.9% less than MO average). Major city, BBQ/jazz, affordable housing, RideKC bus/streetcar (free). When planning your budget based on a salary from Preferred Rate, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Preferred Rate salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (RideKC monthly pass, streetcar free) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,270 - $3,670+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Preferred Rate

1. How much does a Preferred Rate employee make?

Preferred Rate pays its employees an average of $102,410 per year. The average salary at Preferred Rate range from $89,729 to $116,220 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 Preferred Rate?

The salary at Preferred Rate is lesser than the similar company. The average annual salary at Preferred Rate is $102,410, or an hourly wage of $49, in comparison to Ascentium Capital LLC which pays $105,817 per year or $51 per hour.

3. How much does a Vice President, Operations typically earn at Preferred Rate?

A Vice President, Operations at Preferred Rate typically earns an average annual base salary of around $301,655, with a general range of $248,721 to $363,260.

4. Do employees with advanced degrees (Master's, PhD) earn more at Preferred Rate?

In many roles at Preferred Rate, 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.

5. How does the cost of living near Kansas City affect the perceived value of a Preferred Rate salary?

Kansas City, MO's Cost of Living Index is approximately 87.2 (12.8% less expensive than US average; 1.9% less than MO average). This significantly impacts the purchasing power of a salary from Preferred Rate based there. Our "Cost of Living Insights for Kansas City" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Preferred Rate typically offer employees?

Preferred Rate 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 Preferred Rate" section on this page.

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