Med-Lab Supply Co Inc Salary

As of August 2026, the average hourly salary for employees at Med-Lab Supply Co Inc in the United States is $47. This translates to an approximate annual wage of $97,010. Salaries at Med-Lab Supply Co Inc typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company.
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Is Med-Lab Supply Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Med-Lab Supply Co 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
Iron Box $47
+0.3%
Suggests Iron Box utilizes a highly similar base-plus-benefits compensation model.
NCRCities.com $51
+9.2%
Reflects structural premiums typical of NCRCities.com's large-cap national operations.
Computer Processing Institute $54
+16.7%
Driven by niche technical certifications required for Computer Processing Institute's specialized projects.
Xinran Health Products Inc $57
+22.5%
Adjusted for higher cost-of-living indices in Xinran Health Products Inc's primary metro hubs.
Retail & Wholesale Industry $60
+27.1%
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.

Employee Reviews: Working at Med-Lab Supply Co Inc

Considering a career at Med-Lab Supply Co 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 workplace is well-organized, and expectations are clearly communicated. The team is competent, though interactions are mostly professional rather than personal. It’s a good place for those who prefer a low-drama, stable work environment. The company provides excellent support for career development. It’s a consistent job in retail.
The job is straightforward, and expectations are clear. While there aren’t many flashy perks, the job provides stability and a predictable schedule. Overall, it’s a supportive and rewarding workplace. There are plenty of opportunities for advancement if you’re willing to put in the effort. Overall, a positive and fulfilling workplace. Management is responsive to feedback, and employee suggestions ...
The office environment is welcoming, and colleagues are easy to work with. The company supports employee growth and provides a welcoming atmosphere. The leadership team is approachable and encourages professional development. Compensation is fair, and performance-based bonuses add extra incentive.

Med-Lab Supply Co Inc Overview

Website
www.med-lab.com
Founded In
1963
Employees
100 - 200 employees
Industry
Retail & Wholesale
Headquarter Address
923 NW 27th Ave Miami Florida FL 33125
Revenue
$10 Million - $50 Million
Phone Number
+1 3056425144
Social Media
About Med-Lab Supply Co Inc
Med-Lab has been the exclusive provider of Siemens Healthcare solutions to South Florida since 1967. The company has its roots in Cuba, where Saul Diaz Sr. started the company to provide medical supplies to laboratories. When the business rebooted in Miami, it started with the second generation of the Diaz family and a focus on diagnostic imaging. Today, the company is owned and operated by the fo

What Benefits Does Med-Lab Supply Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Med-Lab Supply Co 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 Miami?

Understanding the cost of living near Miami is key to truly evaluating a salary offer or your current compensation at Med-Lab Supply Co Inc.
Miami's Cost of Living Index is approximately 117.5 (17.5% more expensive than US average; 14.0% more than FL average). Major international city, very high housing costs, vibrant culture, significant traffic. Metrorail/Metromover/Bus. When planning your budget based on a salary from Med-Lab Supply Co Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,800+ A significant portion of Med-Lab Supply Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation $112.50 (Miami-Dade EASY Ticket monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $850+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,262 - $5,332+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Med-Lab Supply Co Inc

1. What is the estimated average total compensation at Med-Lab Supply Co Inc?

Salary.com estimates that the average total compensation package at Med-Lab Supply Co Inc, which can include base salary, potential bonuses, and benefits, is around $47 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Med-Lab Supply Co Inc pay compared to Iron Box?

The average annual salary at Med-Lab Supply Co Inc is $97,010, or an hourly wage of $47, in comparison to Iron Box which pays $97,274 per year or $47 per hour.

3. Do salaries differ significantly between departments at Med-Lab Supply Co Inc?

Yes, salaries often differ between departments at Med-Lab Supply Co Inc 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Med-Lab Supply Co Inc?

Salary progression from an entry-level to a senior role at Med-Lab Supply Co 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.

5. How can I determine if a salary offer from Med-Lab Supply Co Inc in Miami is fair given the local cost of living?

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

6. Are promotions at Med-Lab Supply Co Inc usually accompanied by a significant salary increase?

Yes, promotions at Med-Lab Supply Co 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.