Spence & Mathews Insurance Salary

Spence & Mathews Insurance Salary

How much does the Spence & Mathews Insurance Pay for employees?

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As of August 2026, the average annual salary for employees at Spence & Mathews Insurance in the United States is $93,434. This translates to an approximate hourly wage of $45. Salaries at Spence & Mathews Insurance typically range from $82,206 to $105,636 annually, reflecting the diverse roles and experience levels within the company. Spence & Mathews 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 Spence & Mathews Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at Spence & Mathews 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.
How accurate does the salary look to you?

Current Job Openings at Spence & Mathews Insurance

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

Is Spence & Mathews Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Spence & Mathews 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)
Spence & Mathews Insurance
Insurance
Mueller Oriol Agency
Golden Circle Insurance Agency Inc
Industry Comparison
Our data shows that, on average, compensation at Spence & Mathews Insurance is below the average for the U.S. Insurance industry by approximately 25%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Spence & Mathews Insurance average annual salary with several similar companies. Spence & Mathews Insurance average salary of $93,434 is lower than Mueller Oriol Agency, which has an average salary of $99,858. It is higher than Golden Circle Insurance Agency Inc, with their average salary at $84,479. This places Spence & Mathews Insurance 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 Spence & Mathews Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Spence & Mathews Insurance

Considering a career at Spence & Mathews 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.
Team-building activities are organized quarterly, fostering strong relationships. The leadership team is transparent about company goals, which helps employees align their efforts. The leadership team is forward-thinking, and employees are given opportunities to take on new challenges. Community involvement is another highlight, with volunteer days and charity drives. The office is well-maintained...
Commented in April 13, 2025
18
0
Great place to work if you’re looking for stability and growth. Employees are encouraged to share ideas, and leadership is receptive to feedback. I’ve grown professionally and personally since joining.
Commented in March 22, 2025
45
1
It’s a stable workplace for those who prefer routine and predictability in their job. Flexible scheduling is a plus, and the benefits are comprehensive. Compensation is fair, and benefits are strong. Compensation aligns with industry standards, and benefits are satisfactory. Career growth opportunities are available for those who seek them.
Commented in February 23, 2025
38
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Spence & Mathews Insurance Overview

Website
www.spenceandmathews.com
Founded In
1935
Employees
<25 employees
Industry
Insurance
Headquarter Address
4 Sullivan St Berwick Maine ME 03901
Revenue
$5 Million - $10 Million
Phone Number
+1 8005952565
Social Media
About Spence & Mathews Insurance
Spence & Mathews has been delivering quality insurance products to the people and businesses of Maine and New Hampshire since 1935. Our staff of licensed professionals shop the rates with 15 different insurance companies to find the coverage that fits your specific insurance needs at the best possible price. There's no need to spend countless hours shopping around for the best value on your insura

What Benefits Does Spence & Mathews Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Spence & Mathews 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 Portland?

Understanding the cost of living near Portland is key to truly evaluating a salary offer or your current compensation at Spence & Mathews Insurance.
Portland's Cost of Living Index is approximately 110.8 (10.8% more expensive than US average; 9.2% more than ME average). Largest ME city, popular, foodie scene, housing costs significantly above ME avg. METRO bus, ferry. When planning your budget based on a salary from Spence & Mathews Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,400+ A significant portion of Spence & Mathews Insurance salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (METRO monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,085 - $4,855+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Spence & Mathews Insurance

1. What is the average salary for employees at Spence & Mathews Insurance?

The average annual total compensation for employees at Spence & Mathews Insurance is approximately $93,434. However, this is an aggregate figure, actual salaries can range significantly, typically from $82,206 to $105,636, depending on factors like job role, experience, and location.

2. How much does Spence & Mathews Insurance pay compared to Mueller Oriol Agency?

The average annual salary at Spence & Mathews Insurance is $93,434, or an hourly wage of $45, in comparison to Mueller Oriol Agency which pays $99,858 per year or $48 per hour.

3. What is the lowest salary at Spence & Mathews Insurance?

The lowest-paying job at Spence & Mathews Insurance is a Personal Lines Account Manager with a salary of $54,559 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 Spence & Mathews 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 Spence & Mathews Insurance for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Spence & Mathews Insurance offer cost-of-living adjustments (COLA) for employees in high-cost areas like Portland?

While some companies offer formal COLA, many, including potentially Spence & Mathews 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 Spence & Mathews Insurance?

Most companies, likely including Spence & Mathews 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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