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Magnetic Products Inc Salary

Magnetic Products Inc Salary

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As of August 2026, the average annual salary for employees at Magnetic Products Inc in the United States is $96,314. This translates to an approximate hourly wage of $46. Salaries at Magnetic Products Inc typically range from $84,790 to $108,782 annually, reflecting the diverse roles and experience levels within the company.
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Is Magnetic Products Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetic Products 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
Keith Huber Corp $83,983
-12.8%
Typical compensation structure for smaller regional agencies like Keith Huber Corp.
志摩ガスケット $91,936
-4.5%
志摩ガスケット focuses strategically on recruiting and training entry-level apprentices.
Pack Air Inc $90,734
-5.8%
Reflects market rates for standard general contracting, differing from specialized roles.
SideDrive Conveyor Co $98,054
+1.8%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MFG Durable Industry $121,746
+26.4%
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 Products 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 Products Inc. Click a company name to learn more.

Employee Reviews: Working at Magnetic Products Inc

Considering a career at Magnetic Products 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.
Leadership is approachable and open to suggestions, which makes you feel heard. Employees across multiple shifts, coordination could be challenging, but the systems in place make collaboration seamless. Repetitive tasks, but manageable pace. It’s a fast-paced but supportive environment where you feel part of something that truly matters to the community.
Commented in April 26, 2025
35
2
Communication is strong across departments, and performance is recognized. The production facilities are modern and well-maintained, with cutting-edge automation that enhances our work rather than replacing it. Modern equipment and up-to-date technology create a productive and innovative work environment. Management is transparent and approachable, offering ongoing training and professional growth...
Commented in March 09, 2025
20
3
Management does communicate updates clearly. Benefits are comprehensive, covering health, retirement, and wellness initiatives. This resilience is a testament to the strong culture and teamwork cultivated within the company. It's an ideal place for individuals seeking a long-term career in a dynamic manufacturing environment. Workload intensity varies, sometimes causing stress during peak producti...
Commented in February 23, 2025
50
0
A well-run company where professionalism and teamwork drive performance every day. Training is clear, goals are reasonable, and you’re rewarded for doing a good job. Employees feel appreciated and motivated, making it an excellent place for career growth in manufacturing.
Commented in September 30, 2024
30
0
Training is sufficient but could be more comprehensive. Performance expectations are fair, but the pace can drag during seasons. It's rare to find a manufacturer that balances scale with such employee-focused values. It allows for impressive capabilities while maintaining focus on individual development.
Commented in January 08, 2024
25
1

Magnetic Products Inc Overview

Website
www.mpimagnet.com
Founded In
1981
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
683 Town Center Dr Highland Michigan MI 48356
Revenue
$10 Million - $50 Million
Phone Number
+1 2488875600
Social Media
About Magnetic Products Inc
Based in Metro-Detroit Michigan, MPI designs, manufactures and services magnets, material handling and electronic inspection systems. MPI products are designed to be complete metal and foreign contamination control solutions for the food production and related industries. MPI's equipment and service programs help its customers minimize downtime and protect brand integrity through offering safe and

What Benefits Does Magnetic Products Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetic Products 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 Magnetic Products 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 Magnetic Products 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 Magnetic Products 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 Magnetic Products Inc

1. How much does Magnetic Products Inc in the United States pay?

Magnetic Products Inc pays its employees an average of $96,314 per year. The average salary at Magnetic Products Inc range from $84,790 to $108,782 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. Do Magnetic Products Inc employees get a higher salary than its peer company?

The salary at Magnetic Products Inc is higher than its peer company. The average annual salary at Magnetic Products Inc is $96,314, or an hourly wage of $46, in comparison to Keith Huber Corp which pays $83,983 per year or $40 per hour.

3. What are the highest paying jobs at Magnetic Products Inc?

The higher-paying job at Magnetic Products Inc, according to our data, include Vice President, Business Development (avg. $224,792 per year), Controller (avg. $223,157 per year), and Manager, Maintenance (avg. $127,729 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Magnetic Products Inc?

Salary progression with years of experience at Magnetic Products Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Magnetic Products Inc vary by office location?

Yes, it's very likely that salaries at Magnetic Products Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Detroit section provides more context.

6. Does Magnetic Products Inc offer good benefits?

Magnetic Products Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Magnetic Products Inc" section on this page.

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