Richfield State Insurance Salary
How much does the Richfield State Insurance Pay for employees?
How Much Does Richfield State Insurance Pay for Different Roles?
Principal
$106,506 / year
Salary Range: $95,272 - $117,188
School Administration
Independent Agent
$82,593 / year
Salary Range: $72,298 - $98,708
Insurance
Independent Insurance Agent
$82,593 / year
Salary Range: $72,298 - $98,708
Insurance
Customer Service Representative
$34,386 / year
Salary Range: $31,027 - $37,893
Customer Service
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Current Job Openings at Richfield State Insurance
Is Richfield State Insurance’s Pay Competitive? Salary Benchmarking Analysis
How Richfield State Insurance's Salaries Compare to Similar Companies?
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$95,670 / year
Salary Range: $84,176 - $108,172
Encinitas, CA
Capital Bay Underwriting LLC
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Salary Range: $77,991 - $100,222
Miami, FL
Iowa Department of Insurance
$89,690 / year
Salary Range: $78,898 - $101,441
Des Moines, IA
1st American Pension Services Inc
$87,285 / year
Salary Range: $76,800 - $98,697
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The NYMIR
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Salary Range: $80,144 - $102,990
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Swartzendruber Solutions
$95,881 / year
Salary Range: $84,369 - $108,416
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Pharos Employee Benefits Inc
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Ep&b
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Horihan Insurance
$84,004 / year
Salary Range: $73,913 - $94,978
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Employee Reviews: Working at Richfield State Insurance
Richfield State Insurance Overview
What Benefits Does Richfield State Insurance Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Minneapolis?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,400 - $2,100+ | A significant portion of Richfield State Insurance 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 Richfield State Insurance
1. What is the average salary for employees at Richfield State Insurance?
The average annual total compensation for employees at Richfield State Insurance is approximately $97,601. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,871 to $110,355, depending on factors like job role, experience, and location.
2. How much does Richfield State Insurance pay compared to Health Savings Associates Insurance Services?
The average annual salary at Richfield State Insurance is $97,601, or an hourly wage of $47, in comparison to Health Savings Associates Insurance Services which pays $95,670 per year or $46 per hour.
3. What is the lowest salary at Richfield State Insurance?
The lowest-paying job at Richfield State Insurance is a Customer Service Representative with a salary of $34,386 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.
4. How does having a professional certification impact salary for relevant roles at Richfield State Insurance?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Richfield State Insurance for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
5. Does Richfield State Insurance offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?
While some companies offer formal COLA, many, including potentially Richfield State Insurance, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
6. What's the typical process for salary reviews and raises at Richfield State Insurance?
Most companies, likely including Richfield State Insurance, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.
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