Towne Mortgage Co Salary

How much does the Towne Mortgage Co Pay for employees?

As of August 2026, the average annual salary for employees at Towne Mortgage Co in the United States is $107,041. This translates to an approximate hourly wage of $51. Salaries at Towne Mortgage Co typically range from $94,247 to $120,939 annually, reflecting the diverse roles and experience levels within the company. Towne Mortgage Co’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 Towne Mortgage Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Towne Mortgage Co. 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 Towne Mortgage Co

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

Is Towne Mortgage Co’s Pay Competitive? Salary Benchmarking Analysis

How does Towne Mortgage Co’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)
Towne Mortgage Co
MFG Nondurable
5 - hour ENERGY ®
Hiram Walker
Industry Comparison
Our data shows that, on average, compensation at Towne Mortgage Co is below the average for the U.S. MFG Nondurable industry by approximately 14%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Towne Mortgage Co average annual salary with several similar companies. Towne Mortgage Co average salary of $107,041 is higher than 5 - hour ENERGY ®, which has an average salary of $106,229. It is lower than Hiram Walker, with their average salary at $121,840. This places Towne Mortgage Co 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.

Employee Reviews: Working at Towne Mortgage Co

Considering a career at Towne Mortgage Co? 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.
Staff are empowered to make decisions, and managers support innovation. What stands out is the culture of mutual respect across all levels and departments. Processes are strict, which makes operations reliable but limits autonomy for line workers. Employees feel appreciated and motivated, making it an excellent place for career growth in manufacturing. I enjoy the camaraderie on the production lin...
Operations are mostly smooth, but occasional bottlenecks occur. The company meets the basics but doesn’t go beyond. The company’s recognition programs make employees feel appreciated and motivated to contribute their best. The production scheduling is well-planned, avoiding the stressful crunch periods common in manufacturing. Communication from management is generally clear but occasionally delay...
Production quotas are challenging but achievable thanks to smart process engineering. A truly positive workplace. From planning to production, operations are efficient and well-coordinated. This company offers a great balance of structure and flexibility. Communication between shifts could be better.

Towne Mortgage Co Overview

Website
www.townemortgage.com
Founded In
1982
Employees
200 - 500 employees
Industry
MFG Nondurable
Headquarter Address
2170 E Big Beaver Rd Troy Michigan MI 48083
Revenue
$50 Million - $200 Million
Phone Number
+1 2482471800
Social Media
About Towne Mortgage Co
The Towne Mortgage Family of Companies is a full-service mortgage lender. The company was founded in 1982 and is currently headquartered in Troy, MI.

What Benefits Does Towne Mortgage Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Towne Mortgage Co 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 Troy?

Understanding the cost of living near Troy is key to truly evaluating a salary offer or your current compensation at Towne Mortgage Co.
Troy's Cost of Living Index is approximately 107.3 (7.3% more expensive than US average; 17.5% more than MI average). Affluent Detroit suburb (Oakland Co.), major commercial/business center, high housing costs. SMART bus. When planning your budget based on a salary from Towne Mortgage Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of Towne Mortgage Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,280+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Towne Mortgage Co

1. What is the typical salary range (low to high) for most roles at Towne Mortgage Co?

The typical annual salary range for most roles at Towne Mortgage Co is approximately from $94,247 to $120,939. 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 Towne Mortgage Co pay compared to 5 - hour ENERGY ®?

The average annual salary at Towne Mortgage Co is $107,041, or an hourly wage of $51, in comparison to 5 - hour ENERGY ® which pays $106,229 per year or $51 per hour.

3. Do salaries differ significantly between departments at Towne Mortgage Co?

Yes, salaries often differ between departments at Towne Mortgage Co due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Towne Mortgage Co?

Experience level is a significant factor in determining salary at Towne Mortgage Co, 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.

5. How can I determine if a salary offer from Towne Mortgage Co in Troy is fair given the local cost of living?

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

6. Are the salaries listed for Towne Mortgage Co on Salary.com pre-tax or after-tax?

All salary figures displayed for Towne Mortgage Co, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.