Mifco Salary

Mifco Salary

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As of July 2026, the average hourly salary for employees at Mifco in the United States is $34. This translates to an approximate annual wage of $70,222. Salaries at Mifco typically range from $30 to $38 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Mifco Pay for Different Roles?

Explore detailed salary information for specific jobs at Mifco. 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

Ready for your next career move? Explore current job openings at Mifco.
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About Mifco: Company Profile

Website
www.mifco.com
Founded In
1920
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Location
DANVILLE
Revenue
<$5 Million
Phone Number
-
Social Media
About MIFCO
Mifco is an education management company based out of 115 Raccoon Trl, Houghton Lake, Michigan, 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 Mifco's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Good place to gain experience, though not particularly innovative or fast-moving in terms of process improvements. Employees appreciate the company’s focus on quality and continuous improvement. The training doesn't stop after orientation - there are regular skills upgrades and safety refreshers. I enjoy the sense of accomplishment that comes from working with well-organized systems and a team tha...
Commented in April 28, 2025
32
3
Employees are dedicated, but management changes affect stability. Compensation and benefits are competitive, including profit sharing and excellent healthcare. Equipment functions well most of the time. Management maintains an open-door policy and genuinely values production workers' expertise. Communication from management is formal but sometimes lacks transparency. This variety ensures that ever...
Commented in January 18, 2025
13
3
Fair supervisors and clear expectations. The production process is efficient, and everyone’s role is valued. Leadership maintains open communication and provides feedback regularly, fostering transparency. From regular team meetings to strong safety training, every part of the operation feels professional and purpose-driven.
Commented in January 03, 2024
10
0

How Mifco's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Mifco’s pay competitiveness. Click on a company for a deeper dive.

Is Mifco’s Pay Competitive? Salary Benchmarking Analysis

How does Mifco'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
T-M VACUUM $38
+12.4%
Driven by niche technical certifications required for T-M VACUUM's specialized projects.
EVENHEAT KILN $33
-1.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
DDR HEATING, INC. $34
+1.7%
Indicates identical technical requirements and experience levels between the two firms.
L F I SERVICES INC $33
-1.9%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
MFG Durable Industry $59
+73.4%
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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Mifco.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Mifco, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Mifco salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Mifco

FAQ 1: What is the average salary for employees at Mifco?
The average total compensation for employees at Mifco is approximately $34 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $30 to $38 per hour, depending on factors like job role, experience, and location.
FAQ 2: How much does Mifco pay compared to T-M VACUUM?
The average annual salary at Mifco is $70,222, or an hourly wage of $34, in comparison to T-M VACUUM which pays $78,947 per year or $38 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Mifco?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Mifco for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Mifco offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?
While some companies offer formal COLA, many, including potentially Mifco, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
FAQ 5: What's the typical process for salary reviews and raises at Mifco?
Most companies, likely including Mifco, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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