Storch Magnetics Salary

Storch Magnetics Salary

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As of August 2026, the average hourly salary for employees at Storch Magnetics in the United States is $45. This translates to an approximate annual wage of $93,424. Salaries at Storch Magnetics typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Storch Magnetics

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

Is Storch Magnetics’s Pay Competitive? Salary Benchmarking Analysis

How does Storch Magnetics'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
Turf Tank $43
-5.0%
Turf Tank operates with a leaner overhead structure, impacting base wage offers.
Vaask $43
-4.5%
Vaask focuses strategically on recruiting and training entry-level apprentices.
Fulton Companies $49
+9.0%
Reflects a supply-demand imbalance for the specific talent Fulton Companies targets.
Rathburn Tool & Manufacturing $41
-9.2%
Typical compensation structure for smaller regional agencies like Rathburn Tool & Manufacturing.
MFG Durable Industry $59
+30.3%
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 Storch Magnetics and Their Hourly Pay Rates

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

Employee Reviews: Working at Storch Magnetics

Considering a career at Storch Magnetics? 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.
They truly value experience while also being open to new ideas from less experienced team members. Opportunities for cross-training help develop diverse skills. The maintenance team is responsive, minimizing equipment downtime. Employees here appreciate the company’s commitment to continuous improvement and innovation in manufacturing processes.
Commented in May 11, 2025
15
1
The training doesn't stop after orientation - there are regular skills upgrades and safety refreshers. I feel valued and secure, knowing that safety and well-being are top priorities. I’ve had opportunities to cross-train in multiple departments. The company invests in equipment and people equally. I’m proud to contribute to products that are built with precision and care. If not, you might grow r...
Commented in August 22, 2024
21
2
Flexible scheduling options help maintain work-life balance. This synergy not only enhances efficiency but also fosters a supportive and engaging workplace. Job security is very strong. Modern machinery and technology improve daily operations, helping employees perform efficiently. Advancement exists, though it may take time.
Commented in February 16, 2024
41
0

Storch Magnetics Overview

Website
www.storchmagnetics.com
Founded In
1952
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
11827 Globe St Livonia Michigan MI 48150
Revenue
$5 Million - $10 Million
Phone Number
+1 7345912200
Social Media
About Storch Magnetics
Founded by Edward A. Storch in 1952 as an industrial sales representative organization for leak detection fluids and home heating furnaces, Storch was always on the look out for additional products and added Bux Magnetic base drills. Customers requesting only the magnetic bases led Storch to look for additional sources of Magnets and Magnetic Components, becoming the authorized small quantity stoc

What Benefits Does Storch Magnetics Offer Beyond Salary?

A competitive compensation package is more than just a salary. Storch Magnetics 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 Livonia?

Understanding the cost of living near Livonia is key to truly evaluating a salary offer or your current compensation at Storch Magnetics.
Livonia's Cost of Living Index is approximately 97.3 (2.7% less expensive than US average; 6.6% more than MI average). Large Detroit suburb (Wayne Co.), housing near US average. SMART bus. When planning your budget based on a salary from Storch Magnetics, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Storch Magnetics salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,430 - $3,760+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Storch Magnetics

1. How much does a Storch Magnetics employee make?

Storch Magnetics pays its employees an average of $45 per hour. The average salary at Storch Magnetics range from $40 to $51 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 Storch Magnetics?

The salary at Storch Magnetics is higher than the similar company. The average annual salary at Storch Magnetics is $93,424, or an hourly wage of $45, in comparison to Turf Tank which pays $88,772 per year or $43 per hour.

3. How much does a Chief Executive Officer typically earn at Storch Magnetics?

A Chief Executive Officer at Storch Magnetics typically earns an average hourly base salary of around $348, with a general range of $266 to $437.

4. Do employees with advanced degrees (Master's, PhD) earn more at Storch Magnetics?

In many roles at Storch Magnetics, 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 Livonia affect the perceived value of a Storch Magnetics salary?

Livonia's Cost of Living Index is approximately 97.3 (2.7% less expensive than US average; 6.6% more than MI average). This significantly impacts the purchasing power of a salary from Storch Magnetics based there. Our "Cost of Living Insights for Livonia" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Storch Magnetics typically offer employees?

Storch Magnetics 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 Storch Magnetics" section on this page.

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