Solon State Bank Salary

Solon State Bank Salary

How much does the Solon State Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Solon State Bank in the United States is $84,141. This translates to an approximate hourly wage of $40. Salaries at Solon State Bank typically range from $73,803 to $95,344 annually, reflecting the diverse roles and experience levels within the company. Solon State Bank’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 Solon State Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Solon State Bank. 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 Solon State Bank

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

Is Solon State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Solon State Bank’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
180k
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90k
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Average Salary ($/year)
Solon State Bank
Financial Services
M2o
Intelligent Design Advisors LLC
Industry Comparison
Our data shows that, on average, compensation at Solon State Bank is below the average for the U.S. Financial Services industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Solon State Bank average annual salary with several similar companies. Solon State Bank average salary of $84,141 is lower than M2o, which has an average salary of $102,674. It is lower than Intelligent Design Advisors LLC, with their average salary at $85,122. This places Solon State Bank in a developing 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 Solon State Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Solon State Bank

Considering a career at Solon State Bank? 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.
Even as the company scales, it retains that sense of teamwork and mission. Employees are empowered to take ownership of their projects, contributing to a dynamic workplace where innovation and teamwork drive success. Privacy isn't sacrificed for convenience. A great workplace for professionals looking to grow. The company's strong reputation in the industry makes me proud to work here.
Commented in February 25, 2025
39
1
The financial tools provided make tasks easier and help employees succeed. This diligence builds trust with all stakeholders. The culture is performance-oriented but people-first. The collaborative environment and smart coworkers make every day engaging. Some departments feel isolated. Workload is manageable, yet some roles lack challenge.
Commented in October 27, 2024
17
0
Communication varies across departments and teams. Every decision and strategy is geared towards achieving the best possible outcomes for those we serve. The employees, the scale of impact is immense, yet the culture remains people-focused.
Commented in January 05, 2024
41
3

Solon State Bank Overview

Website
www.solonstatebank.com
Founded In
1932
Employees
<25 employees
Industry
Financial Services
Headquarter Address
1540 State St Ely Iowa IA 52227
Revenue
<$5 Million
Phone Number
+1 3196243405
Social Media
About Solon State Bank
Solon State Bank is an Iowa banking institution dedicated to the delivery of personalized financial service. SSB is a full service bank offering a wide range of choices to fill the financial needs of individuals, businesses, and farm operaters.

What Benefits Does Solon State Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Solon State Bank 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 Des Moines?

Understanding the cost of living near Des Moines is key to truly evaluating a salary offer or your current compensation at Solon State Bank.
Des Moines' Cost of Living Index is approximately 80.8 (19.2% less expensive than US average; 10.1% less than IA average). State capital, affordable housing, growing. DART bus. When planning your budget based on a salary from Solon State Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Solon State Bank salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $48 (DART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,078 - $3,328+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Solon State Bank

1. What is the average salary for employees at Solon State Bank?

The average annual total compensation for employees at Solon State Bank is approximately $84,141. However, this is an aggregate figure, actual salaries can range significantly, typically from $73,803 to $95,344, depending on factors like job role, experience, and location.

2. How much does Solon State Bank pay compared to M2o?

The average annual salary at Solon State Bank is $84,141, or an hourly wage of $40, in comparison to M2o which pays $102,674 per year or $49 per hour.

3. What is the lowest salary at Solon State Bank?

The lowest-paying job at Solon State Bank is a Teller with a salary of $27,993 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 Solon State Bank?

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 Solon State Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Solon State Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Des Moines?

While some companies offer formal COLA, many, including potentially Solon State Bank, 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 Solon State Bank?

Most companies, likely including Solon State Bank, 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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