| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| B S Manufacturing Company - Inc | $104,277 |
+9.3%
|
Driven by niche technical certifications required for B S Manufacturing Company - Inc's specialized projects. |
| Ibp Manufacturing Inc | $99,130 |
+3.9%
|
Reflects structural premiums typical of Ibp Manufacturing Inc's large-cap national operations. |
| Force Industries LLC | $90,175 |
-5.5%
|
Force Industries LLC operates with a leaner overhead structure, impacting base wage offers. |
| Tawas Industries Components Inc | $92,242 |
-3.3%
|
Typical compensation structure for smaller regional agencies like Tawas Industries Components Inc. |
| MFG Durable Industry | $121,746 |
+27.6%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$104,277 / year
Salary Range: $91,773 - $117,781
El Cajon, CA
$99,130 / year
Salary Range: $87,255 - $111,977
Aurora, CO
$90,175 / year
Salary Range: $79,393 - $101,819
Columbus, OH
$92,242 / year
Salary Range: $81,207 - $104,160
Columbus, OH
$89,215 / year
Salary Range: $78,550 - $100,746
Canton, OH
$89,637 / year
Salary Range: $78,916 - $101,209
Medina, OH
$89,626 / year
Salary Range: $78,907 - $101,197
Dayton, OH
$106,524 / year
Salary Range: $93,780 - $120,317
Bethesda, MD
$87,264 / year
Salary Range: $76,818 - $98,551
Columbus, GA
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $650 - $1,000+ | A significant portion of Banks Manufacturing Co salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | Limited local transit | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $350 - $520 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $280 - $530+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $340 - $630+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $1,800 - $2,930+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
The typical annual salary range for most roles at Banks Manufacturing Co is approximately from $84,002 to $107,806. 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.
The average annual salary at Banks Manufacturing Co is $95,438, or an hourly wage of $46, in comparison to B S Manufacturing Company - Inc which pays $104,277 per year or $50 per hour.
Experience level is a significant factor in determining salary at Banks Manufacturing 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.
To determine if a salary offer from Banks Manufacturing Co in Lorain is fair, first compare the gross salary to our data for similar roles at Banks Manufacturing Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Lorain" to understand its purchasing power.
An individual's actual salary at Banks Manufacturing Co can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.
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