Ring Precision Components Salary

Ring Precision Components Salary

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As of August 2026, the average hourly salary for employees at Ring Precision Components in the United States is $46. This translates to an approximate annual wage of $95,923. Salaries at Ring Precision Components typically range from $41 to $52 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Ring Precision Components

Ready for your next career move? Explore current job openings at Ring Precision Components. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Ring Precision Components’s Pay Competitive? Salary Benchmarking Analysis

How does Ring Precision Components'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
Bicon LLC $54
+18.2%
Reflects a supply-demand imbalance for the specific talent Bicon LLC targets.
Medical Device $48
+3.9%
Influenced by prevailing union wage agreements specific to Medical Device's sector.
Ningbo Huahui Medical Instruments, Co. Ltd $53
+15.7%
Reflects structural premiums typical of Ningbo Huahui Medical Instruments, Co. Ltd's large-cap national operations.
Bionicare Medical Technologies Inc $50
+9.3%
Data suggests Bionicare Medical Technologies Inc's workforce skews heavily towards veteran, high-tenure roles.
Biotechnology Industry $63
+36.1%
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.

Companies Similar to Ring Precision Components and Their Hourly Pay Rates

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

Employee Reviews: Working at Ring Precision Components

Considering a career at Ring Precision Components? 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.
Employees are trusted, and scientific curiosity is encouraged across all levels of the organization. This environment suits those valuing consistency over rapid change. The pace is moderate, and most roles are well-defined. Management promotes a collaborative and respectful culture, and the work environment feels safe and inclusive. The career growth opportunities at are exceptional, befitting a ...
Commented in May 20, 2025
44
2
Despite its massive size, the company maintains a high level of transparency and accountability in its research and development. Colleagues are not just coworkers; many have become friends. Cross-functional collaboration is encouraged, allowing us to tackle complex challenges effectively. The work environment is modern, safe, and exceptionally well-equipped, providing everything we need to succeed...
Commented in October 04, 2024
11
0
Benefits are decent, but professional development resources feel unevenly distributed. Colleagues are not just coworkers; many have become genuine friends. The transparency from management regarding company vision and challenges builds immense trust among employees. Training is available but limited in scope.
Commented in March 23, 2024
27
1

Ring Precision Components Overview

Website
www.ringprecision.com
Founded In
1945
Employees
50 - 100 employees
Industry
Biotechnology
Headquarter Address
2980 Turner Rd Jamestown New York NY 14701
Revenue
$10 Million - $50 Million
Phone Number
+1 7164847131
Social Media
About Ring Precision Components
Founded in 1945 and headquartered in Jamestown, New York, Precision Components manufactures custom components for a wide variety of markets including injection molding, munitions, medical-pharmaceutical, compaction, steel stamping and metal forming industries.

What Benefits Does Ring Precision Components Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ring Precision Components 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 Jamestown?

Understanding the cost of living near Jamestown is key to truly evaluating a salary offer or your current compensation at Ring Precision Components.
Jamestown's Cost of Living Index is approximately 75.3 (24.7% less expensive than US average; 39.8% less than NY average). Western NY city (Lucille Ball), very affordable. CARTS. When planning your budget based on a salary from Ring Precision Components, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $650 - $950+ A significant portion of Ring Precision Components salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $530 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,860 - $2,960+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ring Precision Components

1. How much does a Ring Precision Components employee make?

Ring Precision Components pays its employees an average of $46 per hour. The average salary at Ring Precision Components range from $41 to $52 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. Which similar company tend to pay more or less than Ring Precision Components?

The salary at Ring Precision Components is lesser than the similar company. The average annual salary at Ring Precision Components is $95,923, or an hourly wage of $46, in comparison to Bicon LLC which pays $113,359 per year or $54 per hour.

3. How much does a President typically earn at Ring Precision Components?

A President at Ring Precision Components typically earns an average hourly base salary of around $357, with a general range of $274 to $450.

4. Do employees with advanced degrees (Master's, PhD) earn more at Ring Precision Components?

In many roles at Ring Precision Components, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Jamestown affect the perceived value of a Ring Precision Components salary?

Jamestown's Cost of Living Index is approximately 75.3 (24.7% less expensive than US average; 39.8% less than NY average). This significantly impacts the purchasing power of a salary from Ring Precision Components based there. Our "Cost of Living Insights for Jamestown" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Ring Precision Components typically offer employees?

Ring Precision Components generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Ring Precision Components" section on this page.

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