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Magnum Tools LLC Salary

Magnum Tools LLC Salary

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As of August 2026, the average annual salary for employees at Magnum Tools LLC in the United States is $92,042. This translates to an approximate hourly wage of $44. Salaries at Magnum Tools LLC typically range from $80,951 to $104,075 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Magnum Tools LLC Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnum Tools LLC. Based on our data, the highest paying job is the Truck Driver, with an annual salary of $49,965. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Magnum Tools LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Magnum Tools LLC'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
Guiding Lights International $97,063
+5.5%
Adjusted for higher cost-of-living indices in Guiding Lights International's primary metro hubs.
Manzzeli $91,092
-1.0%
Suggests Manzzeli utilizes a highly similar base-plus-benefits compensation model.
Eurway Inc $89,616
-2.6%
Confirms Eurway Inc is a direct competitor vying for the exact same talent pool.
Scott Baily Enterprises Inc $83,424
-9.4%
Normalized for lower cost-of-living zones where Scott Baily Enterprises Inc primarily operates.
Retail & Wholesale Industry $123,318
+34.0%
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.

How Magnum Tools LLC's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnum Tools LLC

Considering a career at Magnum Tools LLC? 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 had multiple opportunities to upskill through workshops and certifications. Nothing outstanding but no issues either. I’ve had a fantastic experience working here. The work environment is energetic and supportive. The retail hours can be long, but it’s worth it. Benefits and work flexibility are strong points. The office/retail spaces are well-maintained, and the technology systems are up-to-...
Commented in April 10, 2025
11
2
Rewarding environment. It’s a dependable job in the retail sector. Benefits are standard for the industry. The retail discounts and quarterly bonuses are great incentives. The workplace culture is inclusive, and diversity is celebrated.
Commented in March 15, 2025
28
2
The training programs are top-notch, and there’s always room to learn. The company values its employees and offers good work-life balance. Great workplace with a focus on employee development.
Commented in February 12, 2025
42
3

Magnum Tools LLC Overview

Website
www.magnumtools.com
Founded In
2003
Employees
<25 employees
Industry
Retail & Wholesale
Headquarter Address
30690 Cypress Rd Romulus Michigan MI 48174
Revenue
<$5 Million
Phone Number
+1 7345957200
Social Media
About Magnum Tools LLC
We offer a wide variety of high end construction equipment and supplies to industry professionals across the world. Our company is located in a suburb of Detroit, MI and is a major U.S. supplier for power tools as well. We handle only top quality products in order to give our customers the best service and peace of mind that what they purchase will hold up to the scrutiny of today's demanding requ

What Benefits Does Magnum Tools LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnum Tools LLC 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 Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Magnum Tools LLC.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Magnum Tools LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Magnum Tools LLC salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnum Tools LLC

1. What is the typical salary range (low to high) for most roles at Magnum Tools LLC?

The typical annual salary range for most roles at Magnum Tools LLC is approximately from $80,951 to $104,075. 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 Magnum Tools LLC pay compared to Guiding Lights International?

The average annual salary at Magnum Tools LLC is $92,042, or an hourly wage of $44, in comparison to Guiding Lights International which pays $97,063 per year or $47 per hour.

3. How does experience level affect salary at Magnum Tools LLC?

Experience level is a significant factor in determining salary at Magnum Tools LLC, 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 Magnum Tools LLC in Detroit is fair given the local cost of living?

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

5. Are the salaries listed for Magnum Tools LLC on Salary.com pre-tax or after-tax?

All salary figures displayed for Magnum Tools LLC, 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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