MP Components Salary

As of April 2026, the average annual salary for employees at MP Components in the United States is $86,082. This translates to an approximate hourly wage of $41. Salaries at MP Components typically range from $75,819 to $97,137 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at MP Components

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Is MP Components’s Pay Competitive? Salary Benchmarking Analysis

How does MP Components'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
Beaumont Machine $86,799
+0.8%
Suggests Beaumont Machine utilizes a highly similar base-plus-benefits compensation model.
TR Mold Release $101,060
+17.4%
Driven by niche technical certifications required for TR Mold Release's specialized projects.
Conical Tool Co $87,812
+2.0%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Enviropod $111,925
+30.0%
Adjusted for higher cost-of-living indices in Enviropod's primary metro hubs.
MFG Durable Industry $121,746
+41.4%
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.

Employee Reviews: Working at MP Components

Considering a career at MP Components? 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.
Workload increases seasonally, leading to occasional high pressure. Management encourages suggestions for improvement, and employees are empowered to make decisions. Processes are rigid. There’s minimal innovation, but the company functions reliably. Onboarding is smooth, and the work becomes second nature quickly.
Pay and benefits are industry average. Flexible shifts support work-life balance, and the workplace culture values diversity and respect. You can tell the company invests in both technology and people, which keeps work efficient and safe. Coworkers are respectful, though collaboration is limited.
Communication from leadership is formal and sometimes delayed. A healthy work-life balance and proactive management make all the difference. Environmentally friendly practices reduce waste effectively.

MP Components Overview

Website
www.mpcomponents.net
Founded In
1973
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
8499 Centre Industrial Dr SW Byron Center Michigan MI 49315
Revenue
$5 Million - $10 Million
Phone Number
+1 6168789710
Social Media
About MP Components
MP Components today is utilizing a 20,000 square-foot building in Michigan and 10,000 square-feet in Tennessee. We are using the latest technology and sophisticated equipment to design and manufacture a host of customer driven requests; including checking fixtures (from very simple to the complex automated fixtures), models & foundry patterns, aluminum vacuum molds, blow molds, foam and compressio

What Benefits Does MP Components Offer Beyond Salary?

A competitive compensation package is more than just a salary. MP Components 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 Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at MP Components.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from MP Components, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of MP Components salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 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) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MP Components

1. What is the typical salary range (low to high) for most roles at MP Components?

The typical annual salary range for most roles at MP Components is approximately from $75,819 to $97,137. 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 MP Components pay compared to Beaumont Machine?

The average annual salary at MP Components is $86,082, or an hourly wage of $41, in comparison to Beaumont Machine which pays $86,799 per year or $42 per hour.

3. Do salaries differ significantly between departments at MP Components?

Yes, salaries often differ between departments at MP Components 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 MP Components?

Experience level is a significant factor in determining salary at MP Components, 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 MP Components in Grand Rapids is fair given the local cost of living?

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

6. What factors influence salary increases at MP Components?

Salary increases at MP Components are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.