Magnet Resources Inc Salary

Magnet Resources Inc Salary

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As of August 2026, the average hourly salary for employees at Magnet Resources Inc in the United States is $51. This translates to an approximate annual wage of $106,155. Salaries at Magnet Resources Inc typically range from $45 to $58 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magnet Resources Inc

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

Is Magnet Resources Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Resources 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
DMNews $47
-7.8%
Reflects market rates for standard general contracting, differing from specialized roles.
K&P Benefits $41
-20.5%
Normalized for lower cost-of-living zones where K&P Benefits primarily operates.
Rough Diamond Enterprises $44
-12.9%
Rough Diamond Enterprises focuses strategically on recruiting and training entry-level apprentices.
Nas International Group LLC $43
-16.0%
Nas International Group LLC operates with a leaner overhead structure, impacting base wage offers.
Business Services Industry $59
+13.9%
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 Magnet Resources Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnet Resources Inc

Considering a career at Magnet Resources 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.
Managers are approachable and prioritize employee well-being. It really depends on where you land. The company culture is fun and inclusive. Innovation is truly encouraged here.
Commented in May 22, 2025
42
3
Career progression requires time and persistence. Everyone is willing to lend a hand or share expertise, which cultivates a positive and highly productive atmosphere. Employee recognition and strong culture. Innovation is supported in theory and it is in practice. Management is great at celebrating wins, big or small. The company offers frequent learning. It feels like a true partnership working t...
Commented in April 10, 2025
31
3
There’s a clear structure and minimal surprises. Positive atmosphere encourages productivity. Encouraging feedback from management. Employee well-being is a priority, and that shows in daily interactions and company policies.
Commented in February 14, 2025
23
3
Benefits are average and consistent with industry standards. I was given significant responsibility early in my tenure, which accelerated my learning curve immensely. However, expectations are clear and deadlines are usually reasonable.
Commented in January 27, 2024
30
2

Magnet Resources Inc Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Business Services
Headquarter Address
38b Industrial Way East Eatontown New Jersey NJ 07724
Revenue
$5 Million - $10 Million
Phone Number
+1 7329351900
Social Media
About Magnet Resources Inc
Magnet Resources Inc is a company that operates in the Mining & Metals industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Eatontown, New Jersey.

What Benefits Does Magnet Resources Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Resources 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 Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at Magnet Resources Inc.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from Magnet Resources Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Magnet Resources Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Resources Inc

1. What is the typical salary range (low to high) for most roles at Magnet Resources Inc?

The typical salary range for most roles at Magnet Resources Inc is approximately from $45 to $58 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 Magnet Resources Inc pay compared to DMNews?

The average annual salary at Magnet Resources Inc is $106,155, or an hourly wage of $51, in comparison to DMNews which pays $97,928 per year or $47 per hour.

3. How does experience level affect salary at Magnet Resources Inc?

Experience level is a significant factor in determining salary at Magnet Resources Inc, 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.

4. How can I determine if a salary offer from Magnet Resources Inc in Jersey City is fair given the local cost of living?

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

5. Are the salaries listed for Magnet Resources Inc on Salary.com pre-tax or after-tax?

All salary figures displayed for Magnet Resources Inc, 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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