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salary information

Salary Information for a Fraud Specialist in Detroit, MI

Median salary:

This data reflects Total Cash for a Level 1 Fraud Specialist at a mid-size company. To get more detailed information on total compensation for the role of Fraud Specialist in Detroit, MI, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Fraud Specialist in Detroit, MI?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

64

Total Comp (TC)

Cost of Living (COL) Index
64
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Fraud Specialist in Detroit, MI?

Identifies potential fraud, establishes or assists with the definition of strategies, policies, programs, and procedures for the control, detection and analysis of frauds against the organization to eliminate loss to the company. Investigates and monitors existing and potential fraudulent situations. Notifies appropriate internal staff for escalation.

What are the characteristics of a level 1 Fraud Specialist?

A level 1 Fraud Specialist in Detroit, MI is a developing professional and technical expertise. They are able to resolve routine issues and problems and have an average of 1 year of work experience.

Fraud Specialist

Benchmark Role

Individual Contributor

Job Type

Fraud

Job Family

Business

Job Area

Quality of Life in Detroit, MI for an Income of $66,480

Cost of Living

  • Lower Than National Average: The overall cost of living in Detroit is lower than the national average, making it relatively more affordable than other large cities in the United States.
  • Affordable Groceries and Utilities: Prices for groceries and utilities in Detroit tend to be below the national average, allowing residents to stretch their budgets further.
  • Transport Costs: Public transportation costs are moderate, but many residents rely on personal vehicles, which could add to expenses depending on fuel prices and maintenance needs.

Housing Market

  • Comparatively Affordable Housing: Detroit’s housing prices are generally lower than the national median, offering more opportunities for home ownership.
  • Diverse Options: The housing market in Detroit provides a range of options from historic homes to newly developed properties, at more affordable prices compared to cities like New York or San Francisco.
  • Home Price Trends: While the housing market is recovering and home values are rising, it remains a buyer's market with opportunities for investment.

Quality of Life

  • Employment Opportunities: While Detroit has historically faced economic challenges, revitalization efforts have increased job opportunities, particularly in technology and automotive sectors.
  • Cultural and Recreational Activities: Residents have access to various cultural institutions such as museums, theaters, and music venues, alongside green spaces like Belle Isle Park.
  • Community Investment: Ongoing investments in infrastructure and community projects are aimed at enhancing the overall quality of life in the city.

Access to Healthcare

  • Healthcare Facilities: Detroit is home to several quality healthcare facilities, including well-regarded hospitals and specialized clinics.
  • Affordability and Insurance: While healthcare access is good, the cost remains a concern depending on insurance coverage, which is typical across the US.
  • Community Health Programs: Initiatives focusing on community health aim to improve accessibility and preventive care for residents.

Quality of K-12 Schools

  • Varied School Quality: The quality of K-12 education in Detroit varies significantly, with both high-performing and struggling schools present.
  • Charter and Magnet Schools: Many families opt for charter or magnet schools, which can offer better educational outcomes compared to some public schools.
  • Educational Initiatives: Programs aimed at improving literacy rates and STEM education are in place to enhance educational standards.

Overall Assessment

Living in

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OpenComp aggregates multiple data sources to provide accurate salary data for Detroit, MI, specifically for a Level 1 Fraud Specialist. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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