Innovative Electronics Inc Salary

Innovative Electronics Inc Salary

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As of July 2026, the average annual salary for employees at Innovative Electronics Inc in the United States is $102,189. This translates to an approximate hourly wage of $49. Salaries at Innovative Electronics Inc typically range from $89,830 to $115,647 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Innovative Electronics Inc

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

Is Innovative Electronics Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Electronics 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
Professional Assembly & Mfg Co. Inc $84,838
-17.0%
Reflects market rates for standard general contracting, differing from specialized roles.
Good Electronic Inc $101,113
-1.1%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Commercial Electronic Systems Inc $90,206
-11.7%
Commercial Electronic Systems Inc likely leverages performance bonuses over the high base salary shown here.
Ferguson Superstore $87,316
-14.6%
Typical compensation structure for smaller regional agencies like Ferguson Superstore.
Retail & Wholesale Industry $123,318
+20.7%
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.

How Innovative Electronics Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Innovative Electronics Inc

Considering a career at Innovative Electronics 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.
Compensation is competitive, and benefits like health insurance and performance bonuses are appreciated. The workload is manageable, and the teams are structured well. Coworkers are collaborative, and there’s a strong emphasis on teamwork. I’ve had a rewarding experience working here. Overall, it’s a fantastic place to grow your career while feeling valued.
Commented in March 31, 2025
33
0
Leadership is transparent and approachable, making it easy to voice ideas or concerns. The Retail side is busy but rewarding, and the company offers good perks. The company stays ahead of industry trends, making it an exciting place to grow. The Wholesale division offers consistent work, and the hours are predictable. The pay is competitive, and there are frequent recognition programs for top perf...
Commented in November 06, 2024
36
1
Managers are approachable, and employees are treated with respect. Tasks are straightforward. The company has consistent work hours.
Commented in June 23, 2024
22
1
Flexible scheduling is a plus, and the company supports a healthy work-life balance. There are occasional training sessions to keep skills updated. The leadership team is forward-thinking and fosters innovation in the retail sector. The company values employee feedback, which I appreciate. The leadership team is motivating, and the work environment is positive. Leadership here truly listens to emp...
Commented in June 09, 2024
24
0
Average experience. Career growth is possible but requires proactive effort. The company operates efficiently with clear processes. The company is well-established in the retail industry. The work environment is dynamic, and the benefits are above average.
Commented in February 26, 2024
17
1

Innovative Electronics Inc Overview

Website
www.innovativeelectronics.us
Founded In
1986
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
10637 Johnson Rd Minneapolis Minnesota MN 55437
Revenue
<$5 Million
Phone Number
-
Social Media
About Innovative Electronics Inc
Innovative Electronics Inc is a company that operates in the Electrical/Electronic Manufacturing industry. It employs 51-100 people and has $1M-$5M of revenue. The company is headquartered in Minneapolis, Minnesota.

What Benefits Does Innovative Electronics Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovative Electronics 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)
Work at Innovative Electronics Inc?
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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 Innovative Electronics Inc.
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 Innovative Electronics Inc, 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 Innovative Electronics Inc 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 Innovative Electronics Inc

1. What is the estimated average total compensation at Innovative Electronics Inc?

Salary.com estimates that the average total compensation package at Innovative Electronics Inc, which can include base salary, potential bonuses, and benefits, is around $102,189 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Innovative Electronics Inc pay compared to Professional Assembly & Mfg Co. Inc?

The average annual salary at Innovative Electronics Inc is $102,189, or an hourly wage of $49, in comparison to Professional Assembly & Mfg Co. Inc which pays $84,838 per year or $41 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Innovative Electronics Inc?

Salary progression from an entry-level to a senior role at Innovative Electronics Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Innovative Electronics Inc in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Innovative Electronics Inc in Minneapolis is fair, first compare the gross salary to our data for similar roles at Innovative Electronics Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.

5. Are promotions at Innovative Electronics Inc usually accompanied by a significant salary increase?

Yes, promotions at Innovative Electronics Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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