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Railway Equipment Co Salary

Railway Equipment Co Salary

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As of August 2026, the average hourly salary for employees at Railway Equipment Co in the United States is $48. This translates to an approximate annual wage of $99,995. Salaries at Railway Equipment Co typically range from $42 to $54 hourly, reflecting the diverse roles and experience levels within the company.
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Is Railway Equipment Co’s Pay Competitive? Salary Benchmarking Analysis

How does Railway Equipment Co'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
Hg Transportaciones $46
-3.6%
Typical compensation structure for smaller regional agencies like Hg Transportaciones.
ALVALEX CO. Inc $56
+15.9%
Data suggests ALVALEX CO. Inc's workforce skews heavily towards veteran, high-tenure roles.
Clyde Machines Inc $44
-9.3%
Clyde Machines Inc operates with a leaner overhead structure, impacting base wage offers.
Radiation Detection Co $43
-10.5%
Reflects market rates for standard general contracting, differing from specialized roles.
MFG Durable Industry $59
+21.8%
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 Railway Equipment Co and Their Hourly Pay Rates

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

Employee Reviews: Working at Railway Equipment Co

Considering a career at Railway Equipment Co? 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.
Workload fluctuations can cause stress during busy seasons. Managers listen and act on feedback. What stands out is the structured training process and continued mentorship. Promotions occur but are infrequent.
Commented in March 01, 2025
15
3
The company feels stable, with steady demand and minimal layoffs. Communication between departments sometimes lacks clarity. Career growth is possible but often requires patience. Career growth opportunities exist but are competitive. The career growth opportunities are outstanding. Cross-training improves job variety. Working here has improved my confidence. Communication between shifts could be ...
Commented in December 30, 2024
48
2
Safety protocols are prioritized and well enforced. I'm continually impressed by the strong sense of teamwork and camaraderie at this manufacturing plant. Colleagues are supportive, and management is always willing to listen to concerns and ideas.
Commented in March 03, 2024
23
2

Railway Equipment Co Overview

Website
www.rwy.com
Founded In
1980
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
525 9th St S Delano Minnesota MN 55328
Revenue
$10 Million - $50 Million
Phone Number
+1 7639722200
Social Media
About Railway Equipment Co
Railway Equipment Company (RECo) manufactures a complete line of Track Switch Heaters, E Z Gate® Arms & LED Lamps, Battery Chargers, and Remote Asset Monitoring & Control Systems. We are focused solely on the railroad industry and no other. However, we are more than a railroad products supplier. We are remote monitoring specialist. Our solutions offer railroads the ability to remotely monitor and

What Benefits Does Railway Equipment Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Railway Equipment Co 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Railway Equipment Co.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Railway Equipment Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Railway Equipment Co salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Railway Equipment Co

1. How much does Railway Equipment Co in the United States pay?

Railway Equipment Co pays its employees an average of $48 per hour. The average salary at Railway Equipment Co range from $42 to $54 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. Do Railway Equipment Co employees get a higher salary than its peer company?

The salary at Railway Equipment Co is higher than its peer company. The average annual salary at Railway Equipment Co is $99,995, or an hourly wage of $48, in comparison to Hg Transportaciones which pays $96,440 per year or $46 per hour.

3. What are the highest paying jobs at Railway Equipment Co?

The higher-paying job at Railway Equipment Co, according to our data, include Executive (avg. $129 per hour), Vice President, Engineering (avg. $111 per hour), and Executive Director (avg. $88 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Railway Equipment Co?

Salary progression with years of experience at Railway Equipment Co is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Railway Equipment Co vary by office location?

Yes, it's very likely that salaries at Railway Equipment Co vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Minneapolis section provides more context.

6. Does Railway Equipment Co offer good benefits?

Railway Equipment Co typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Railway Equipment Co" section on this page.

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