HMI Electric Salary

HMI Electric Salary

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As of August 2026, the average annual salary for employees at HMI Electric in the United States is $80,766. This translates to an approximate hourly wage of $39. Salaries at HMI Electric typically range from $70,981 to $91,369 annually, reflecting the diverse roles and experience levels within the company.

How Much Does HMI Electric Pay for Different Roles?

Explore detailed salary information for specific jobs at HMI Electric. Based on our data, the highest paying job is the President, with an annual salary of $625,200. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at HMI Electric

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

Is HMI Electric’s Pay Competitive? Salary Benchmarking Analysis

How does HMI Electric'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
Collision south LLC $82,243
+1.8%
Confirms Collision south LLC is a direct competitor vying for the exact same talent pool.
Daily Electric Motor Inc $80,239
-0.7%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Hps Electric $85,101
+5.4%
Driven by niche technical certifications required for Hps Electric's specialized projects.
Krs Services Inc $94,056
+16.5%
Supported by Krs Services Inc's high-margin contracts allowing higher overhead.
Business Services Industry $120,931
+49.7%
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 HMI Electric's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at HMI Electric

Considering a career at HMI Electric? 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.
Communication is structured but occasionally delayed. What impresses me most is how leadership balances ambitious growth targets with ethical business practices. The work-life balance is fantastic! Management understands the importance of personal time, offering flexible arrangements when needed. This open-door policy extends to senior leadership, making everyone feel valued and heard. The company...
Commented in May 05, 2025
13
2
Projects follow set templates, and there’s little room for deviation. It's important to me to work for an organization that prioritizes doing the right thing for clients and employees. The communication from leadership is consistent and transparent. The company offers strategic projects. It keeps the team motivated and feeling valued. The work can feel monotonous, especially in back-office roles. ...
Commented in June 19, 2024
49
3
The company runs smoothly, and job roles are clearly defined. Instead of resisting new trends, leadership embraces them and quickly pivots our strategy when necessary. The inclusive culture makes everyone feel they belong and can bring their whole selves to work.
Commented in January 02, 2024
47
0

HMI Electric Overview

Website
www.goodfruitgrows.com
Founded In
2021
Employees
<25 employees
Industry
Business Services
Headquarter Address
3980 Pilot Dr Memphis Tennessee TN 38118
Revenue
<$5 Million
Phone Number
+1 9012602340
Social Media
About HMI Electric
HMI Electric, a division of Heavy Machines, Inc., in Memphis, Tennessee, is a quality rebuilder of most equipment parts and provides AC motor repair,DC motor repair and submersible and centrifugal pump repair as well as gearbox repair in Memphis. Our rebuild center is made of a veteran staff of employees that average 20 years or more of tenure. To maintain the quality of the complete repair, we ra

What Benefits Does HMI Electric Offer Beyond Salary?

A competitive compensation package is more than just a salary. HMI Electric 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 HMI Electric?
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What Is the Cost of Living Near Memphis?

Understanding the cost of living near Memphis is key to truly evaluating a salary offer or your current compensation at HMI Electric.
Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). Blues/BBQ, FedEx hub, very affordable housing. MATA bus/trolley. When planning your budget based on a salary from HMI Electric, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of HMI Electric salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MATA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of HMI Electric

1. How much does a HMI Electric employee make?

HMI Electric pays its employees an average of $80,766 per year. The average salary at HMI Electric range from $70,981 to $91,369 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 HMI Electric?

The salary at HMI Electric is lesser than the similar company. The average annual salary at HMI Electric is $80,766, or an hourly wage of $39, in comparison to Collision south LLC which pays $82,243 per year or $40 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at HMI Electric?

In many roles at HMI Electric, 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.

4. How does the cost of living near Memphis affect the perceived value of a HMI Electric salary?

Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). This significantly impacts the purchasing power of a salary from HMI Electric based there. Our "Cost of Living Insights for Memphis" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does HMI Electric typically offer employees?

HMI Electric 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 HMI Electric" section on this page.

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