Lagerquist Elevator Inc Salary

Lagerquist Elevator Inc Salary

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As of July 2026, the average annual salary for employees at Lagerquist Elevator Inc in the United States is $106,155. This translates to an approximate hourly wage of $51. Salaries at Lagerquist Elevator Inc typically range from $93,404 to $119,964 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Lagerquist Elevator Inc

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

Is Lagerquist Elevator Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lagerquist Elevator 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
Dutchmen RV Inc $91,419
-13.9%
Reflects market rates for standard general contracting, differing from specialized roles.
Industrial Cranes Manufacturer $94,900
-10.6%
Normalized for lower cost-of-living zones where Industrial Cranes Manufacturer primarily operates.
Lodge Manufacturing Co $92,284
-13.1%
Lodge Manufacturing Co focuses strategically on recruiting and training entry-level apprentices.
ROKI AMERICA Co Ltd $99,425
-6.3%
Typical compensation structure for smaller regional agencies like ROKI AMERICA Co Ltd.
MFG Durable Industry $121,746
+14.7%
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 Lagerquist Elevator Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Lagerquist Elevator Inc

Considering a career at Lagerquist Elevator 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.
It's a place where you feel like more than just a number. They also encourage continuous learning, providing resources for us to improve our skills. I’m constantly impressed by our commitment to quality.
Commented in February 22, 2025
29
1
It’s a solid job where you feel like a valuable part of the team. Training is comprehensive, covering technical skills and leadership development. It’s a fast-paced but supportive environment where you feel part of something that truly matters to the community. Safety protocols are strictly enforced, creating a secure work environment.
Commented in February 10, 2025
44
3
The focus on lean manufacturing principles eliminates wasteful practices while improving working conditions. I’ve built great relationships and gained confidence in my role here. They provide excellent training and are always open to new ideas, which makes you feel empowered. My experience has been relatively uneventful. Clean environment, efficient workflows, and respectful coworkers. Leadership ...
Commented in December 16, 2024
41
3
Friendly environment with respectful and helpful coworkers. The compensation structure fairly rewards both individual and team performance. I'm proud to be part of a manufacturing company that not only excels in its industry but also takes great care of its employees. The operations are efficient, and innovation is welcomed at all levels. However, change and ideas for improvement are often delayed...
Commented in January 24, 2024
9
3

Lagerquist Elevator Inc Overview

Website
www.meiusa.com
Founded In
1986
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
7974 Lochlin Dr Brighton Michigan MI 48116
Revenue
$50 Million - $200 Million
Phone Number
+1 2484864017
Social Media
About Lagerquist Elevator Inc
MEI founded in 1971 and headquartered in Mankato, Minnesota is a manufacturer of various types of elevators packages and elevator components.

What Benefits Does Lagerquist Elevator Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lagerquist Elevator 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 Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Lagerquist Elevator Inc.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Lagerquist Elevator Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Lagerquist Elevator Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 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) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lagerquist Elevator Inc

1. How much does a Lagerquist Elevator Inc employee make?

Lagerquist Elevator Inc pays its employees an average of $106,155 per year. The average salary at Lagerquist Elevator Inc range from $93,404 to $119,964 per year. 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 Lagerquist Elevator Inc?

The salary at Lagerquist Elevator Inc is higher than the similar company. The average annual salary at Lagerquist Elevator Inc is $106,155, or an hourly wage of $51, in comparison to Dutchmen RV Inc which pays $91,419 per year or $44 per hour.

3. How much does a Managing Director typically earn at Lagerquist Elevator Inc?

A Managing Director at Lagerquist Elevator Inc typically earns an average annual base salary of around $821,733, with a general range of $629,075 to $1,035,007.

4. Do employees with advanced degrees (Master's, PhD) earn more at Lagerquist Elevator Inc?

In many roles at Lagerquist Elevator Inc, 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 Detroit affect the perceived value of a Lagerquist Elevator Inc salary?

Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). This significantly impacts the purchasing power of a salary from Lagerquist Elevator Inc based there. Our "Cost of Living Insights for Detroit" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Lagerquist Elevator Inc typically offer employees?

Lagerquist Elevator Inc 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 Lagerquist Elevator Inc" section on this page.

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