Erasteel Inc Salary

Erasteel Inc Salary

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As of July 2026, the average annual salary for employees at Erasteel Inc in the United States is $106,587. This translates to an approximate hourly wage of $51. Salaries at Erasteel Inc typically range from $93,853 to $120,342 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Erasteel Inc

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

Is Erasteel Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Erasteel 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
MCA Fabrication Inc $83,382
-21.8%
MCA Fabrication Inc may offer non-monetary perks in lieu of competitive base salaries.
Buffalo Tungsten Inc $87,970
-17.5%
Buffalo Tungsten Inc likely leverages performance bonuses over the high base salary shown here.
Climax Metal Products Co $90,892
-14.7%
Normalized for lower cost-of-living zones where Climax Metal Products Co primarily operates.
Royal Metal Powders Inc $83,603
-21.6%
Reflects market rates for standard general contracting, differing from specialized roles.
MFG Durable Industry $121,746
+14.2%
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.

How Erasteel Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Erasteel Inc

Considering a career at Erasteel 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.
Teamwork varies by department. Workplace culture is professional but can feel formal or rigid. Leadership invests in training and development, encouraging career growth. The company takes pride in its product, and it shows in every detail. Opportunities for overtime are consistent.
Commented in March 29, 2025
31
0
Day-to-day work here is straightforward and repetitive, with few changes. I’m consistently impressed by the company's commitment to its employees' professional journey. Most importantly, there’s a sense of pride in what we produce—high-quality goods that make a real difference. Cross-training is encouraged, allowing employees to build skills in different areas. Production quotas are challenging bu...
Commented in September 16, 2024
39
3
I appreciate the company's dedication to innovation and excellence, which extends to how they treat their employees. Career advancement paths are clear, whether in production, maintenance or leadership roles. Opportunities for learning new things and taking on more responsibility are readily available, which is highly motivating and rewarding for dedicated individuals. The benefits package is comp...
Commented in March 09, 2024
18
3

Erasteel Inc Overview

Website
www.erasteel.com
Founded In
1983
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
95 Fulton St Boonton New Jersey NJ 07005
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Erasteel Inc
Erasteel is the world's leading producer of High Speed Steels and offers the widest range of products and grades on the market. The quality of Erasteel products is acknowledged worldwide and, thanks to an international sales network, our products reach toolmakers in all parts of the world. The quality and diversity of our products are evolving continuously thanks to a permanent research and develo

What Benefits Does Erasteel Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Erasteel 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)
Work at Erasteel Inc?
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What Is the Cost of Living Near Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at Erasteel Inc.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from Erasteel Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Erasteel Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Erasteel Inc

1. What is the typical salary range (low to high) for most roles at Erasteel Inc?

The typical annual salary range for most roles at Erasteel Inc is approximately from $93,853 to $120,342. 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 Erasteel Inc pay compared to MCA Fabrication Inc?

The average annual salary at Erasteel Inc is $106,587, or an hourly wage of $51, in comparison to MCA Fabrication Inc which pays $83,382 per year or $40 per hour.

3. Do salaries differ significantly between departments at Erasteel Inc?

Yes, salaries often differ between departments at Erasteel Inc 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 Erasteel Inc?

Experience level is a significant factor in determining salary at Erasteel Inc, 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 Erasteel Inc in Jersey City is fair given the local cost of living?

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

6. What factors influence salary increases at Erasteel Inc?

Salary increases at Erasteel Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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