Magni-Power Co Salary

As of August 2026, the average annual salary for employees at Magni-Power Co in the United States is $91,546. This translates to an approximate hourly wage of $44. Salaries at Magni-Power Co typically range from $80,593 to $103,392 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magni-Power Co

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Is Magni-Power Co’s Pay Competitive? Salary Benchmarking Analysis

How does Magni-Power Co'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
Geiger International Inc $94,953
+3.7%
Influenced by prevailing union wage agreements specific to Geiger International Inc's sector.
Araner $92,780
+1.3%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
A-1 Advantage Asphalt Inc $102,759
+12.2%
Adjusted for higher cost-of-living indices in A-1 Advantage Asphalt Inc's primary metro hubs.
DZKit $91,915
+0.4%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $121,746
+33.0%
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.

Employee Reviews: Working at Magni-Power Co

Considering a career at Magni-Power Co? 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 feels wonderful and deeply fulfilling to work for an organization that genuinely values giving back to society and making a positive, meaningful cultural impact beyond its core business operations. Processes are somewhat outdated, but they still function. A very professional company that offers stability and growth. If you like a quiet, professional environment without a lot of chatter, this pl...
This company is dedicated to fostering a culture of collaboration and continuous learning. This organization offers employees a stable and well-structured manufacturing environment focused on safety and quality. The skills development programs have helped many coworkers advance from entry-level to highly skilled positions. Safety isn't just a priority - it's ingrained in the culture at all levels.
For a company they ensure everyone feels fairly rewarded for their hard work and dedication. It’s a place where effort is appreciated and results matter. This manufacturing plant runs like a well-oiled machine. I appreciate the emphasis on innovation and the investment in advanced manufacturing technologies, which keeps our processes efficient and our products superior. Being part of a forward-thi...
The culture is professional but may feel rigid and hierarchical. Management is present, and it is somehow responsive to feedback. The company meets basic manufacturing standards. They listen to concerns and work with you to resolve issues quickly and respectfully. Training programs are available but and it can fully meet role-specific needs.
From planning to production, operations are efficient and well-coordinated. there's a real sense of camaraderie on the production floor. I was impressed with the detailed safety protocols and welcoming environment. Production lines operate efficiently, safety is prioritized, and employees are treated with respect.

Magni-Power Co Overview

Website
www.magnipower.com
Founded In
1948
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
5511 E Lincoln Way Wooster Ohio OH 44691
Revenue
$10 Million - $50 Million
Phone Number
+1 3302643637
Social Media
About Magni-Power Co
Established over five decades ago in a small brick building producing plate magnets for the cotton and feed industries, MAGNI-POWER COMPANY has grown into a multi-division operation providing products and services for the transportation, telecommunication, power distribution and other various industries. With a combined production space of over 270,000 square feet, 225 employees, and annual sales

What Benefits Does Magni-Power Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magni-Power Co 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 Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Magni-Power Co.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Magni-Power Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Magni-Power Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magni-Power Co

1. What is the typical salary range (low to high) for most roles at Magni-Power Co?

The typical annual salary range for most roles at Magni-Power Co is approximately from $80,593 to $103,392. 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. How much does Magni-Power Co pay compared to Geiger International Inc?

The average annual salary at Magni-Power Co is $91,546, or an hourly wage of $44, in comparison to Geiger International Inc which pays $94,953 per year or $46 per hour.

3. Do salaries differ significantly between departments at Magni-Power Co?

Yes, salaries often differ between departments at Magni-Power Co due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Magni-Power Co?

Experience level is a significant factor in determining salary at Magni-Power Co, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Magni-Power Co in Cleveland is fair given the local cost of living?

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

6. Why might an individual's actual salary at Magni-Power Co differ from the ranges shown here?

An individual's actual salary at Magni-Power Co can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.