Mifco Salary

As of June 2026, the average annual salary for employees at Mifco in the United States is $70,222. This translates to an approximate hourly wage of $34. Salaries at Mifco typically range from $61,756 to $79,684 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Mifco Pay for Different Roles?

Explore detailed salary information for specific jobs at Mifco. Based on our data, the highest paying job is the Director of Finance and Accounting, with an annual salary of $191,976. The table below outlines the annual salary ranges for most popular roles within the company.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Digital Marketing & Content Specialist

$114,029 / year

Salary Range: $101,095 - $128,388

Digital Marketing

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Turn Insight into Opportunity: Current Job Openings

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About Mifco: Company Profile

Website
www.mifco.com
Founded In
1920
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Location
DANVILLE
Revenue
<$5 Million
Phone Number
-
Social Media
About MIFCO
Mifco is an education management company based out of 115 Raccoon Trl, Houghton Lake, Michigan, United States.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Mifco's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Good place to gain experience, though not particularly innovative or fast-moving in terms of process improvements. Employees appreciate the company’s focus on quality and continuous improvement. The training doesn't stop after orientation - there are regular skills upgrades and safety refreshers. I enjoy the sense of accomplishment that comes from working with well-organized systems and a team tha...
Employees are dedicated, but management changes affect stability. Compensation and benefits are competitive, including profit sharing and excellent healthcare. Equipment functions well most of the time. Management maintains an open-door policy and genuinely values production workers' expertise. Communication from management is formal but sometimes lacks transparency. This variety ensures that ever...
Fair supervisors and clear expectations. The production process is efficient, and everyone’s role is valued. Leadership maintains open communication and provides feedback regularly, fostering transparency. From regular team meetings to strong safety training, every part of the operation feels professional and purpose-driven.

Is Mifco’s Pay Competitive? Salary Benchmarking Analysis

How does Mifco'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
T-M VACUUM $78,948
+12.4%
Reflects a supply-demand imbalance for the specific talent T-M VACUUM targets.
EVENHEAT KILN $68,914
-1.9%
Confirms EVENHEAT KILN is a direct competitor vying for the exact same talent pool.
DDR HEATING, INC. $71,391
+1.7%
Suggests DDR HEATING, INC. utilizes a highly similar base-plus-benefits compensation model.
L F I SERVICES INC $68,919
-1.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MFG Durable Industry $121,746
+73.4%
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.

What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Mifco.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Mifco, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Mifco salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Mifco

FAQ 1: What is the estimated average total compensation at Mifco?
Salary.com estimates that the average total compensation package at Mifco, which can include base salary, potential bonuses, and benefits, is around $70,222 annually . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Mifco pay compared to T-M VACUUM?
The average annual salary at Mifco is $70,222, or an hourly wage of $34, in comparison to T-M VACUUM which pays $78,947 per year or $38 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Mifco?
Salary progression from an entry-level to a senior role at Mifco 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.
FAQ 4: How can I determine if a salary offer from Mifco in Chicago is fair given the local cost of living?
To determine if a salary offer from Mifco in Chicago is fair, first compare the gross salary to our data for similar roles at Mifco and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.
FAQ 5: Are promotions at Mifco usually accompanied by a significant salary increase?
Yes, promotions at Mifco 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.