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 hourly salary for employees at Preferred Rate in the United States is $49. This translates to an approximate annual wage of $102,410. Salaries at Preferred Rate typically range from $43 to $56 hourly, 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 hourly 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
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Companies Similar to Preferred Rate and Their Hourly Pay Rates

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. What is the estimated average total compensation at Preferred Rate?

Salary.com estimates that the average total compensation package at Preferred Rate, which can include base salary, potential bonuses, and benefits, is around $49 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Preferred Rate pay compared to Ascentium Capital LLC?

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. Do salaries differ significantly between departments at Preferred Rate?

Yes, salaries often differ between departments at Preferred Rate due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Preferred Rate?

Salary progression from an entry-level to a senior role at Preferred Rate 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.

5. How can I determine if a salary offer from Preferred Rate in Kansas City is fair given the local cost of living?

To determine if a salary offer from Preferred Rate in Kansas City is fair, first compare the gross salary to our data for similar roles at Preferred Rate and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Kansas City" to understand its purchasing power.

6. Are promotions at Preferred Rate usually accompanied by a significant salary increase?

Yes, promotions at Preferred Rate 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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