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Tervo Agency Inc Salary

Tervo Agency Inc Salary

How much does the Tervo Agency Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Tervo Agency Inc in the United States is $85,186. This translates to an approximate hourly wage of $41. Salaries at Tervo Agency Inc typically range from $74,949 to $96,320 annually, reflecting the diverse roles and experience levels within the company. Tervo Agency Inc’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 Tervo Agency Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Tervo Agency Inc. 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 Tervo Agency Inc

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

Is Tervo Agency Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Tervo Agency Inc’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)
Tervo Agency Inc
Insurance
Hrenko Insurance Agency Inc
Sawyer-Phillips Insurance
Industry Comparison
Our data shows that, on average, compensation at Tervo Agency Inc is below the average for the U.S. Insurance 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 Tervo Agency Inc average annual salary with several similar companies. Tervo Agency Inc average salary of $85,186 is higher than Hrenko Insurance Agency Inc, which has an average salary of $84,658. It is lower than Sawyer-Phillips Insurance, with their average salary at $87,591. This places Tervo Agency Inc in a mid-range position among its peers.
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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 Tervo Agency Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Tervo Agency Inc

Considering a career at Tervo Agency Inc? 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.
Benefits, including health insurance and retirement plans, are excellent. It’s a good fit for those who prefer a structured and low-stress work environment. This company values its employees and fosters a positive work environment. The benefits are excellent, including performance bonuses and tuition reimbursement for further education. The office environment is professional, though some departmen...
Commented in February 26, 2025
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1
This company offers a great balance of challenge and support. The insurance sector can be demanding, but the company provides ample support. The office is modern, with amenities that make the workday comfortable. Training is adequate, though more specialized courses would be helpful. The compensation package is competitive, and there are ample opportunities for professional development. The insura...
Commented in January 24, 2025
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It’s a forward-thinking employer that values its workforce. Company supports professional growth. It is exciting, it provides stability for those in the insurance sector.
Commented in February 28, 2024
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Tervo Agency Inc Overview

Website
www.tervoagency.com
Founded In
2004
Employees
<25 employees
Industry
Insurance
Headquarter Address
230 Quincy St Hancock Michigan MI 49930
Revenue
<$5 Million
Phone Number
+1 9064820080
Social Media
About Tervo Agency Inc
Located in Michigan's Keweenaw Peninsula, Tervo is a local insurance agency that offers complete lines of personal and business insurance. We provide coverage to people and businesses throughout Michigan, Minnesota, and Wisconsin. As an independent agency, we have unique access to a wide-range of insurance companies which allows us to find the best policies based on your individual needs. We take

What Benefits Does Tervo Agency Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Tervo Agency Inc 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 Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Tervo Agency Inc.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Tervo Agency Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Tervo Agency Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Tervo Agency Inc

1. How much does a Tervo Agency Inc employee make?

Tervo Agency Inc pays its employees an average of $85,186 per year. The average salary at Tervo Agency Inc range from $74,949 to $96,320 per year. 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. Which similar company tend to pay more or less than Tervo Agency Inc?

The salary at Tervo Agency Inc is higher than the similar company. The average annual salary at Tervo Agency Inc is $85,186, or an hourly wage of $41, in comparison to Hrenko Insurance Agency Inc which pays $84,658 per year or $41 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Tervo Agency Inc?

In many roles at Tervo Agency Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Detroit affect the perceived value of a Tervo Agency Inc salary?

Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). This significantly impacts the purchasing power of a salary from Tervo Agency Inc based there. Our "Cost of Living Insights for Detroit" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Tervo Agency Inc typically offer employees?

Tervo Agency Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Tervo Agency Inc" section on this page.

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