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Karam Petroleum Inc Salary

Karam Petroleum Inc Salary

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As of October 2026, the average hourly salary for employees at Karam Petroleum Inc in the United States is $45. This translates to an approximate annual wage of $92,875. Salaries at Karam Petroleum Inc typically range from $39 to $51 hourly, reflecting the diverse roles and experience levels within the company.
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Is Karam Petroleum Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Karam Petroleum 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
Lion Petroleum Inc $45
+1.7%
Confirms Lion Petroleum Inc is a direct competitor vying for the exact same talent pool.
Ballard Petroleum Holding LLC $44
-1.0%
Suggests Ballard Petroleum Holding LLC utilizes a highly similar base-plus-benefits compensation model.
Kings Oil Co $44
-1.0%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Sunray Dx Oil Co Division of Freeway Service $46
+2.4%
Indicates identical technical requirements and experience levels between the two firms.
Retail & Wholesale Industry $60
+32.8%
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 Karam Petroleum Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Karam Petroleum Inc

Considering a career at Karam Petroleum 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.
The company also invests in employee wellness initiatives, which I appreciate. Benefits are standard, including health coverage and paid time off. The leadership is transparent, and career growth is encouraged. The company invests in employee training, and promotions are fair. This company stands out in the Retail & Wholesale space for its employee-centric approach. The office setup is functional,...
Commented in March 27, 2025
32
0
The leadership team is engaged, and there are regular opportunities for skill development. The benefits, including health and wellness programs, are a big plus. The workplace is well-maintained, and tasks are clearly assigned. The Retail & Wholesale industry is fast-paced, but the company provides ample training and resources to help employees succeed.
Commented in March 02, 2025
28
1
A great place for career growth. I’ve enjoyed my time here and appreciate the collaborative spirit. Overall, it’s a supportive and forward-thinking workplace. I’ve had multiple growth opportunities since joining. I appreciate the emphasis on work-life balance here.
Commented in February 21, 2025
43
0
Team collaboration is strong, making daily tasks enjoyable. Coworkers are collaborative, and the overall atmosphere is positive. The policies are fair, and communication from upper management is consistent.
Commented in January 09, 2024
38
2

Karam Petroleum Inc Overview

Website
Data pending, update soon.
Founded In
1981
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
703 Oriskany Blvd Yorkville New York NY 13495
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Karam Petroleum Inc
Karam Petroleum Inc is a company that operates in the Oil & Energy industry. It employs 51-100 people and has $25M-$50M of revenue. The company is headquartered in Yorkville, New York.

What Benefits Does Karam Petroleum Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Karam Petroleum 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 New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Karam Petroleum Inc.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Karam Petroleum Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Karam Petroleum Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Karam Petroleum Inc

1. What is the estimated average total compensation at Karam Petroleum Inc?

Salary.com estimates that the average total compensation package at Karam Petroleum Inc, which can include base salary, potential bonuses, and benefits, is around $45 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Karam Petroleum Inc pay compared to Lion Petroleum Inc?

The average annual salary at Karam Petroleum Inc is $92,875, or an hourly wage of $45, in comparison to Lion Petroleum Inc which pays $94,426 per year or $45 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Karam Petroleum Inc?

Salary progression from an entry-level to a senior role at Karam Petroleum Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Karam Petroleum Inc in New York is fair given the local cost of living?

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

5. Are promotions at Karam Petroleum Inc usually accompanied by a significant salary increase?

Yes, promotions at Karam Petroleum Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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