Loram Maintenance Salary

Loram Maintenance Salary

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As of July 2026, the average hourly salary for employees at Loram Maintenance in the United States is $56. This translates to an approximate annual wage of $116,882. Salaries at Loram Maintenance typically range from $49 to $64 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Loram Maintenance

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

Is Loram Maintenance’s Pay Competitive? Salary Benchmarking Analysis

How does Loram Maintenance'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
Optimas OE Solutions LLC $56
-0.1%
Suggests Optimas OE Solutions LLC utilizes a highly similar base-plus-benefits compensation model.
Signicast Investment Castings $53
-6.3%
Reflects market rates for standard general contracting, differing from specialized roles.
IG Design Group Americas Inc $52
-6.9%
IG Design Group Americas Inc focuses strategically on recruiting and training entry-level apprentices.
SteelFab Inc $52
-7.8%
Typical compensation structure for smaller regional agencies like SteelFab Inc.
MFG Durable Industry $59
+4.2%
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.

Companies Similar to Loram Maintenance and Their Hourly Pay Rates

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

Employee Reviews: Working at Loram Maintenance

Considering a career at Loram Maintenance? 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 camaraderie with my colleagues is one of the best parts of working here. Leadership is transparent and proactive, keeping employees informed and involved in process changes. Everyone understands the importance of quality and takes their responsibilities seriously. It's a dynamic environment where continuous learning and problem-solving are integral parts of the job. It’s a decent place if you ...
Commented in April 11, 2025
19
2
Safety measures exist but enforcement can be variable. The facility is well-maintained and safe for workers. Management provides regular updates, though feedback is usually surface-level. Pay is fair, and hours are reliable.
Commented in March 24, 2025
21
0
If you value routine and simplicity, you’ll be comfortable here. Beyond that, the team atmosphere is fantastic. The workplace encourages teamwork and respect, fostering a positive environment.
Commented in January 11, 2024
33
3

Loram Maintenance Overview

Website
www.loram.com
Founded In
1898
Employees
1,000 - 3,000 employees
Industry
MFG Durable
Headquarter Address
3900 Arrowhead Dr Hamel Minnesota MN 55340
Revenue
$200 Million - $500 Million
Phone Number
+1 7634786014
Social Media
About Loram Maintenance
Loram, founded in 1898 and headquartered in Hamel, Minnesota, provides track maintenance and friction management services. The Company maintenance of way services to all class I railroads and many short line, transit, and commuter railroads such as rail grinding, ballast cleaning, and ditching.

What Benefits Does Loram Maintenance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Loram Maintenance 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Loram Maintenance.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Loram Maintenance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Loram Maintenance salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Loram Maintenance

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

The typical salary range for most roles at Loram Maintenance is approximately from $49 to $64 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. How much does Loram Maintenance pay compared to Optimas OE Solutions LLC?

The average annual salary at Loram Maintenance is $116,882, or an hourly wage of $56, in comparison to Optimas OE Solutions LLC which pays $116,777 per year or $56 per hour.

3. Do salaries differ significantly between departments at Loram Maintenance?

Yes, salaries often differ between departments at Loram Maintenance 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 Loram Maintenance?

Experience level is a significant factor in determining salary at Loram Maintenance, 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 Loram Maintenance in Minneapolis is fair given the local cost of living?

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

6. Are the salaries listed for Loram Maintenance on Salary.com pre-tax or after-tax?

All salary figures displayed for Loram Maintenance, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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