Rakestraw Insurance Salary

Rakestraw Insurance Salary

How much does the Rakestraw Insurance Pay for employees?

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As of August 2026, the average annual salary for employees at Rakestraw Insurance in the United States is $87,380. This translates to an approximate hourly wage of $42. Salaries at Rakestraw Insurance typically range from $76,882 to $98,795 annually, reflecting the diverse roles and experience levels within the company. Rakestraw Insurance’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 Rakestraw Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at Rakestraw Insurance. 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 Rakestraw Insurance

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

Is Rakestraw Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Rakestraw Insurance’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)
Rakestraw Insurance
Insurance
Fleet Risk Management Inc
John Bailey Co
Industry Comparison
Our data shows that, on average, compensation at Rakestraw Insurance is below the average for the U.S. Insurance industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Rakestraw Insurance average annual salary with several similar companies. Rakestraw Insurance average salary of $87,380 is higher than Fleet Risk Management Inc, which has an average salary of $86,610. It is higher than John Bailey Co, with their average salary at $84,394. This places Rakestraw Insurance in a competitive 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 Rakestraw Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Rakestraw Insurance

Considering a career at Rakestraw Insurance? 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.
A company with standard industry perks. The team is friendly, and leadership is transparent about company goals. For those who prefer structure and consistency, this is a reasonable workplace. The company encourages innovation, and employees are free to suggest process improvements. Compensation is competitive, and recognition programs keep morale high.
Commented in March 09, 2025
26
3
Management provides regular updates, ensuring everyone is aligned with company goals. Great place to work if you’re looking for stability and growth. Work-life balance is respected, and flexible scheduling options are available. The insurance products are industry-leading, adding pride to the role. This company offers a supportive environment for insurance professionals. Colleagues are professiona...
Commented in July 15, 2024
30
3
Great workplace with a strong emphasis on employee well-being. Leadership is accessible, and teamwork is strong. The benefits package is competitive, including wellness programs.
Commented in March 18, 2024
31
3

Rakestraw Insurance Overview

Website
www.rakestrawinsurance.com
Founded In
1990
Employees
<25 employees
Industry
Insurance
Headquarter Address
725 Highway St Madison North Carolina NC 27025
Revenue
$5 Million - $10 Million
Phone Number
+1 3364275181
Social Media
About Rakestraw Insurance
Rakestraw Insurance Center, Inc., founded by Harry W. Rakestraw in 1990, has become a driving force in the insurance industry in the Southeast. Convientiently located in Madison, NC and Wentworth, NC, our locations allow us to give quality service to both local and regional customers. Our agency has had much success growing to ten full time insurance agents and gaining representation of numerous i

What Benefits Does Rakestraw Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Rakestraw Insurance 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 Charlotte?

Understanding the cost of living near Charlotte is key to truly evaluating a salary offer or your current compensation at Rakestraw Insurance.
Charlotte's Cost of Living Index is approximately 98.9 (1.1% less expensive than US average; 3.0% more than NC average). Major financial hub, growing, housing near US avg. CATS bus/Light Rail. When planning your budget based on a salary from Rakestraw Insurance, 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 Rakestraw Insurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $88 (CATS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,698 - $4,148+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Rakestraw Insurance

1. What is the typical salary range (low to high) for most roles at Rakestraw Insurance?

The typical annual salary range for most roles at Rakestraw Insurance is approximately from $76,882 to $98,795. 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. How much does Rakestraw Insurance pay compared to Fleet Risk Management Inc?

The average annual salary at Rakestraw Insurance is $87,380, or an hourly wage of $42, in comparison to Fleet Risk Management Inc which pays $86,610 per year or $42 per hour.

3. How does experience level affect salary at Rakestraw Insurance?

Experience level is a significant factor in determining salary at Rakestraw Insurance, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Rakestraw Insurance in Charlotte is fair given the local cost of living?

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

5. What are the key factors that influence salary levels at Rakestraw Insurance?

Several key factors influence salary levels at Rakestraw Insurance. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Rakestraw Insurance likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.

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