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Prater Industries Inc Salary

Prater Industries Inc Salary

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As of October 2026, the average hourly salary for employees at Prater Industries Inc in the United States is $48. This translates to an approximate annual wage of $98,993. Salaries at Prater Industries Inc typically range from $42 to $54 hourly, reflecting the diverse roles and experience levels within the company.
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Is Prater Industries Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Prater Industries 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
HP Fairfield LLC $41
-13.7%
Reflects market rates for standard general contracting, differing from specialized roles.
Packaging Progressions Inc $48
+0.9%
Suggests Packaging Progressions Inc utilizes a highly similar base-plus-benefits compensation model.
doughXpress $43
-9.7%
Normalized for lower cost-of-living zones where doughXpress primarily operates.
Amax Inc $45
-4.5%
Amax Inc operates with a leaner overhead structure, impacting base wage offers.
MFG Durable Industry $59
+23.0%
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.

Companies Similar to Prater Industries Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Prater Industries Inc

Considering a career at Prater Industries 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.
Working here has been a genuinely positive experience. The onboarding process was fantastic. Strong teamwork and safety culture make the workplace reliable and secure. A very professional and organized company with a clear mission and reliable leadership. Benefits are decent, including health insurance and retirement plans.
Commented in April 14, 2025
41
0
Day-to-day work here is straightforward and repetitive, with few changes. Management recognizes that experienced production workers are the company's greatest asset. A professional, forward-thinking environment that prioritizes quality, safety, and timely delivery across all departments. The company's commitment to local community partnerships adds meaning to our work beyond production numbers.
Commented in December 07, 2024
44
3
Tools and equipment are maintained well. It’s a fast-paced but supportive environment where you feel part of something that truly matters to the community. Training opportunities exist but can be inconsistent and generic. I feel like part of a team that values quality and safety. However, enforcement of safety protocols can be inconsistent. Promotion pathways are available but competitive.
Commented in July 12, 2024
12
3
Pay is fair, and it is somehow outstanding. The training doesn't stop after orientation - there are regular skills upgrades and safety refreshers. Safety practices exist but are sometimes unevenly applied.
Commented in July 10, 2024
9
0
Career progression exists but is influenced by seniority. Competitive pay and benefits contribute to employee satisfaction. Communication is average; could be more transparent. Opportunities for advancement are available. Weekly goals keep us motivated.
Commented in January 29, 2024
21
2

Prater Industries Inc Overview

Website
www.praterindustries.com
Founded In
1925
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
2 Sammons Ct Bolingbrook Illinois IL 60440
Revenue
$10 Million - $50 Million
Phone Number
+1 6307599595
Social Media
About Prater Industries Inc
Prater Industries is a global leader in manufacturing processing equipment and systems for size reduction, separation, metering, & compacting.

What Benefits Does Prater Industries Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Prater Industries 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 Bolingbrook?

Understanding the cost of living near Bolingbrook is key to truly evaluating a salary offer or your current compensation at Prater Industries Inc.
Bolingbrook's Cost of Living Index is approximately 101.2 (1.2% more expensive than US average; 7.9% more than IL average). SW Chicago suburb, diverse, housing costs near US avg. Pace bus. When planning your budget based on a salary from Prater Industries Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,800+ A significant portion of Prater Industries Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace bus (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $360 - $660+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,590 - $3,980+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Prater Industries Inc

1. What is the average salary for employees at Prater Industries Inc?

The average total compensation for employees at Prater Industries Inc is approximately $48 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $42 to $54 per hour, depending on factors like job role, experience, and location.

2. How much does Prater Industries Inc pay compared to HP Fairfield LLC?

The average annual salary at Prater Industries Inc is $98,993, or an hourly wage of $48, in comparison to HP Fairfield LLC which pays $85,418 per year or $41 per hour.

3. What is the lowest salary at Prater Industries Inc?

The lowest-paying job at Prater Industries Inc is a Customer Service Manager with a salary of $44 per hour. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Prater Industries Inc?

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 Prater Industries Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Prater Industries Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Bolingbrook?

While some companies offer formal COLA, many, including potentially Prater Industries Inc, 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.

6. What's the typical process for salary reviews and raises at Prater Industries Inc?

Most companies, likely including Prater Industries Inc, 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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