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Magnetic Peripherals Inc Salary

Magnetic Peripherals Inc Salary

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As of August 2026, the average annual salary for employees at Magnetic Peripherals Inc in the United States is $81,030. This translates to an approximate hourly wage of $39. Salaries at Magnetic Peripherals Inc typically range from $71,356 to $91,466 annually, reflecting the diverse roles and experience levels within the company.
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Is Magnetic Peripherals Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetic Peripherals 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
Midway Precision Products Inc $97,347
+20.1%
Influenced by prevailing union wage agreements specific to Midway Precision Products Inc's sector.
Master universal technology $95,596
+18.0%
Reflects structural premiums typical of Master universal technology's large-cap national operations.
EQUILIBRIUM TECHNOLOGY Inc $113,085
+39.6%
Data suggests EQUILIBRIUM TECHNOLOGY Inc's workforce skews heavily towards veteran, high-tenure roles.
Quantum & Power LLC $83,561
+3.1%
Reflects a supply-demand imbalance for the specific talent Quantum & Power LLC targets.
MFG Durable Industry $121,746
+50.2%
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 Magnetic Peripherals Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnetic Peripherals Inc

Considering a career at Magnetic Peripherals 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.
The work gets done efficiently, but there’s little emotional investment from the team. The career growth opportunities are outstanding. There’s pride in doing high-quality work. This predictability and fairness create a stable and trustworthy work environment where everyone feels they are treated equitably. I appreciate the company's focus on continuous improvement, not just in our products but in...
Commented in May 03, 2025
22
3
Employees here appreciate the company’s commitment to continuous improvement and innovation in manufacturing processes. Break areas could use improvement. Safety protocols are established but inconsistently applied in some areas. I’ve been promoted twice in five years because they reward performance and initiative. Overall, the company values employee wellbeing, supports professional growth, and f...
Commented in January 19, 2025
31
1
Workers feel valued and supported, and quality control standards remain top-notch. The facilities are impressively maintained, creating a professional work environment. Good benefits and retirement options. What I appreciate most is the emphasis on safety.
Commented in December 14, 2024
36
3
Onboarding process was smooth. The company truly values its employees and is committed to creating a safe, positive, and growth-focused work environment. Management is supportive and transparent, fostering trust and engagement. The team dynamic on the floor is excellent, and support from engineering and logistics is consistent. Everyone works together to hit goals. I’m proud to work here and contr...
Commented in July 10, 2024
23
3
It's a workplace committed to continuous improvement and accountability. There's immense pride in seeing our products in the market and knowing the collective effort that went into their creation. Great leadership at the plant. The company provides job stability and routine benefits but faces challenges with communication and collaboration between departments. Colleagues are supportive, and manage...
Commented in March 17, 2024
49
2

Magnetic Peripherals Inc Overview

Website
Data pending, update soon.
Founded In
1983
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
118 N Congress St Jackson Mississippi MS 39205
Revenue
<$5 Million
Phone Number
-
Social Media
About Magnetic Peripherals Inc
Magnetic Peripherals Inc is a company that operates in the Computer Hardware industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Jackson, Mississippi.

What Benefits Does Magnetic Peripherals Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetic Peripherals 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 Jackson?

Understanding the cost of living near Jackson is key to truly evaluating a salary offer or your current compensation at Magnetic Peripherals Inc.
Jackson's Cost of Living Index is approximately 78.4 (21.6% less expensive than US average; 8.8% less than MS average). State capital, very affordable housing. JATRAN. When planning your budget based on a salary from Magnetic Peripherals Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Magnetic Peripherals Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (JATRAN monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,000 - $3,210+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetic Peripherals Inc

1. How much does a Magnetic Peripherals Inc employee make?

Magnetic Peripherals Inc pays its employees an average of $81,030 per year. The average salary at Magnetic Peripherals Inc range from $71,356 to $91,466 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 Magnetic Peripherals Inc?

The salary at Magnetic Peripherals Inc is lesser than the similar company. The average annual salary at Magnetic Peripherals Inc is $81,030, or an hourly wage of $39, in comparison to Midway Precision Products Inc which pays $97,347 per year or $47 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Magnetic Peripherals Inc?

In many roles at Magnetic Peripherals 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.

4. How does the cost of living near Jackson affect the perceived value of a Magnetic Peripherals Inc salary?

Jackson's Cost of Living Index is approximately 78.4 (21.6% less expensive than US average; 8.8% less than MS average). This significantly impacts the purchasing power of a salary from Magnetic Peripherals Inc based there. Our "Cost of Living Insights for Jackson" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Magnetic Peripherals Inc typically offer employees?

Magnetic Peripherals 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 Magnetic Peripherals Inc" section on this page.

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