Armour Magnetic Components Inc Salary

As of September 2026, the average annual salary for employees at Armour Magnetic Components Inc in the United States is $92,664. This translates to an approximate hourly wage of $45. Salaries at Armour Magnetic Components Inc typically range from $81,620 to $104,563 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Armour Magnetic Components Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Armour Magnetic Components Inc. Based on our data, the highest paying job is the President, with an annual salary of $717,302. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Armour Magnetic Components Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Armour Magnetic Components Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Tennessee Candle Supplies $105,617
+14.0%
Reflects structural premiums typical of Tennessee Candle Supplies's large-cap national operations.
Emge Manufacturing $87,074
-6.0%
Emge Manufacturing operates with a leaner overhead structure, impacting base wage offers.
Swissfluid Inc $89,542
-3.4%
Swissfluid Inc focuses strategically on recruiting and training entry-level apprentices.
Del Zotto Link $80,724
-12.9%
Normalized for lower cost-of-living zones where Del Zotto Link primarily operates.
MFG Durable Industry $121,746
+31.4%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Armour Magnetic Components Inc

Considering a career at Armour Magnetic Components 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.
Training is offered but can lack customization. Employees are provided with the tools and training needed to succeed. Training is clear, goals are reasonable, and you’re rewarded for doing a good job. From day one, I was welcomed, trained well, and respected. They actively seek employee feedback and implement changes that make a real difference.
This focus on excellence is instilled from the top down and makes the work feel meaningful and important to everyone involved. Training programs are comprehensive, covering both technical skills and leadership development. Safety is a priority.
Our facility is one of the cleanest I’ve seen in the industry. Supervisors communicate well and help solve problems quickly. A positive atmosphere where hard work is appreciated. Management recognizes that experienced production workers are the company's greatest asset. It's a dynamic environment where continuous learning and problem-solving are integral parts of the job. The environment promotes ...

Armour Magnetic Components Inc Overview

Website
www.armourmagnetics.net
Founded In
2001
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
6465 N Avondale Ave Chicago Illinois IL 60631
Revenue
<$5 Million
Phone Number
+1 7734678916
Social Media
About Armour Magnetic Components Inc
Our products are currently in use in many different applications such as power distribution, pharmaceutical automation, and locking mechanisms, as well as fluid and appliance gas controls. Armour Magnetic Components, Inc, was founded in 2001, and is located in a 49,000 sq ft facility in Chicago, IL. With over forty years of experience in this marketplace, we endeavor to provide solenoids, transfor

What Benefits Does Armour Magnetic Components Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Armour Magnetic Components 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Armour Magnetic Components Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Armour Magnetic Components Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Armour Magnetic Components Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 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) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Armour Magnetic Components Inc

1. How much does an Armour Magnetic Components Inc employee make?

Armour Magnetic Components Inc pays its employees an average of $92,664 per year. The average salary at Armour Magnetic Components Inc range from $81,620 to $104,563 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 Armour Magnetic Components Inc?

The salary at Armour Magnetic Components Inc is lesser than the similar company. The average annual salary at Armour Magnetic Components Inc is $92,664, or an hourly wage of $45, in comparison to Tennessee Candle Supplies which pays $105,617 per year or $51 per hour.

3. How much does a President typically earn at Armour Magnetic Components Inc?

A President at Armour Magnetic Components Inc typically earns an average annual base salary of around $717,302, with a general range of $549,708 to $902,133.

4. Do employees with advanced degrees (Master's, PhD) earn more at Armour Magnetic Components Inc?

In many roles at Armour Magnetic Components 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.

5. How does the cost of living near Chicago affect the perceived value of a Armour Magnetic Components Inc salary?

Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). This significantly impacts the purchasing power of a salary from Armour Magnetic Components Inc based there. Our "Cost of Living Insights for Chicago" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Armour Magnetic Components Inc typically offer employees?

Armour Magnetic Components 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 Armour Magnetic Components Inc" section on this page.