Magnepan Salary

As of August 2026, the average hourly salary for employees at Magnepan in the United States is $40. This translates to an approximate annual wage of $82,639. Salaries at Magnepan typically range from $35 to $45 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Magnepan Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnepan. Based on our data, the highest paying job is the Director of Finance and Accounting, with an hourly wage of $92. The table below outlines the hourly wage ranges for most popular roles within the company.

Sales Manager

$78 / hour

Salary Range: $68 - $90

Sales

Technical Performance Specialist - Tooling Tryout

$53 / hour

Salary Range: $49 - $57

Engineering

Tooling Tryout Technician

$45 / hour

Salary Range: $42 - $49

Engineering

Business Systems Analyst

$41 / hour

Salary Range: $38 - $46

Information Technology

Digital Marketing & Content Specialist

$55 / hour

Salary Range: $49 - $62

Digital Marketing

Director of Finance and Accounting

$92 / hour

Salary Range: $82 - $105

Management

Turn Insight into Opportunity: Current Job Openings

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About Magnepan: Company Profile

Website
www.magnepan.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
WHITE BEAR LAKE
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About MAGNEPAN
MAGNEPAN, INC is an electrical/electronic manufacturing company based out of 1645 9TH STREET, WHITE BEAR LAKE, Minnesota, United States.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Magnepan's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
There’s a strong emphasis on cross-functional teamwork, problem-solving, and knowledge sharing to optimize processes and achieve production targets. Work-life balance is respected through predictable scheduling and reasonable overtime policies. I feel comfortable being myself and know that my contributions are appreciated regardless of my background. The emphasis on a clean, organized, and safe wo...
Safety protocols are established but inconsistently applied in some areas. Flexible shifts allow for better work-life balance, and the workplace culture promotes respect and collaboration among diverse teams. Safety standards are good but could improve further. Positive work culture motivates employees to perform well. While leadership communicates important updates, day-to-day interaction is mini...
Training is available and it is somehow tailored or frequent. There’s a strong sense of unity and shared purpose among coworkers. The continuous improvement mindset keeps the job interesting and rewarding.

Is Magnepan’s Pay Competitive? Salary Benchmarking Analysis

How does Magnepan'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
M C MILLER CO $34
-15.1%
M C MILLER CO likely leverages performance bonuses over the high base salary shown here.
M.T. CUSTOM CASES $39
-1.3%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MACLANDER $35
-12.3%
Reflects market rates for standard general contracting, differing from specialized roles.
MADISON TOOL & DIE $35
-13.0%
Normalized for lower cost-of-living zones where MADISON TOOL & DIE primarily operates.
MFG Durable Industry $59
+47.3%
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.

What Is the Cost of Living Near Saint Paul?

Understanding the cost of living near Saint Paul is key to truly evaluating a salary offer or your current compensation at Magnepan.
Saint Paul's Cost of Living Index is approximately 101.5 (1.5% more expensive than US average; 4.5% more than MN average). State capital, slightly more affordable housing than Minneapolis. Metro Transit. When planning your budget based on a salary from Magnepan, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Magnepan 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) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,750 - $4,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Magnepan

FAQ 1: How much does a Magnepan employee make?
Magnepan pays its employees an average of $40 per hour. The average salary at Magnepan 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.
FAQ 2: Which similar company tend to pay more or less than Magnepan?
The salary at Magnepan is higher than the similar company. The average annual salary at Magnepan is $82,639, or an hourly wage of $40, in comparison to M C MILLER CO which pays $70,162 per year or $34 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Magnepan?
In many roles at Magnepan, 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.
FAQ 4: How does the cost of living near Saint Paul affect the perceived value of a Magnepan salary?
Saint Paul's Cost of Living Index is approximately 101.5 (1.5% more expensive than US average; 4.5% more than MN average). This significantly impacts the purchasing power of a salary from Magnepan based there. Our "Cost of Living Insights for Saint Paul" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Magnepan typically offer employees?
Magnepan 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 Magnepan" section on this page.