Hope Electric Inc Salary

Hope Electric Inc Salary

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As of August 2026, the average hourly salary for employees at Hope Electric Inc in the United States is $40. This translates to an approximate annual wage of $82,960. Salaries at Hope Electric Inc typically range from $35 to $45 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Hope Electric Inc

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

Is Hope Electric Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Hope Electric 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
LJ Kruse Co $53
+32.2%
Influenced by prevailing union wage agreements specific to LJ Kruse Co's sector.
Northwest Wall & Ceiling Bureau $50
+24.5%
Driven by niche technical certifications required for Northwest Wall & Ceiling Bureau's specialized projects.
Layman Electric Co $45
+12.0%
Adjusted for higher cost-of-living indices in Layman Electric Co's primary metro hubs.
Tuscumbia Utilities $38
-3.6%
Tuscumbia Utilities focuses strategically on recruiting and training entry-level apprentices.
Construction Industry $58
+44.4%
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.

Companies Similar to Hope Electric Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Hope Electric Inc

Considering a career at Hope Electric 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.
I’ve found this company to be very structured and organized with strong leadership support. Steady employment and decent pay are the best parts of working here. Good for those who like routine and job security, but it can feel monotonous over time. Most decisions come from the top with limited team input.
Commented in May 22, 2025
27
1
This company truly cares about its workforce and the communities we serve. This construction firm stands out for its commitment to excellence. Great for hands-on individuals looking for career stability and advancement. Coworkers are generally dependable, and projects stay on schedule. Leadership communicates often and supports development opportunities. The work is demanding but incredibly fulfil...
Commented in May 30, 2024
35
2
Benefits are acceptable, though not industry-leading. Strong focus on sustainability practices. The collaborative spirit here is unmatched; colleagues support each other, creating a positive work environment. The company prioritizes safety, providing thorough training and equipment to ensure all employees work in a secure environment.
Commented in May 29, 2024
19
1
The company is great at acknowledging milestones and celebrating project completions. The company is reliable and provides steady employment, but advancement opportunities can take time. Equipment is serviceable, and safety protocols are average.
Commented in March 20, 2024
29
1

Hope Electric Inc Overview

Website
www.hopeelectric.com
Founded In
1981
Employees
25 - 50 employees
Industry
Construction
Headquarter Address
801 Steele Ave Hope North Dakota ND 58046
Revenue
$10 Million - $50 Million
Phone Number
+1 7019452460
Social Media
About Hope Electric Inc
Online Web Store, PLC Panel Builder, UL508A Panel Shop, Electrical Components Supplier, Hazmon, Panels for Grain Elevators, Electrical PLC Control Systems, Camera Systems, Alarm Panels, Fire Alarm Panels, LED Lighting, MCC Panel Supplier, Gate Control Panels, VFD Panels, Farm Grain Control Systems, Camera Systems

What Benefits Does Hope Electric Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hope Electric 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 Minot?

Understanding the cost of living near Minot is key to truly evaluating a salary offer or your current compensation at Hope Electric Inc.
Minot's Cost of Living Index is approximately 92.1 (7.9% less expensive than US average; 3.6% less than ND average). 'Magic City' (Minot AFB), oil influence, housing fluctuates. Minot City Transit. When planning your budget based on a salary from Hope Electric Inc, 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 Hope Electric Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,100 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Hope Electric Inc

1. How much does a Hope Electric Inc employee make?

Hope Electric Inc pays its employees an average of $40 per hour. The average salary at Hope Electric Inc range from $35 to $45 per hour. 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 Hope Electric Inc?

The salary at Hope Electric Inc is lesser than the similar company. The average annual salary at Hope Electric Inc is $82,960, or an hourly wage of $40, in comparison to LJ Kruse Co which pays $109,636 per year or $53 per hour.

3. How much does an Owner and President typically earn at Hope Electric Inc?

An Owner and President at Hope Electric Inc typically earns an average hourly base salary of around $180, with a general range of $142 to $228.

4. Do employees with advanced degrees (Master's, PhD) earn more at Hope Electric Inc?

In many roles at Hope Electric 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 Minot affect the perceived value of a Hope Electric Inc salary?

Minot's Cost of Living Index is approximately 92.1 (7.9% less expensive than US average; 3.6% less than ND average). This significantly impacts the purchasing power of a salary from Hope Electric Inc based there. Our "Cost of Living Insights for Minot" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Hope Electric Inc typically offer employees?

Hope Electric 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 Hope Electric Inc" section on this page.

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