Newava Technology Inc Salary

As of July 2026, the average annual salary for employees at Newava Technology Inc in the United States is $77,137. This translates to an approximate hourly wage of $37. Salaries at Newava Technology Inc typically range from $67,938 to $87,040 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Newava Technology Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Newava Technology Inc. Based on our data, the highest paying job is the President & Chief Executive Officer, with an annual salary of $597,112. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Newava Technology Inc

Ready for your next career move? Explore current job openings at Newava Technology Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Newava Technology Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Newava Technology 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
Lakeside Cabinets $89,289
+15.8%
Influenced by prevailing union wage agreements specific to Lakeside Cabinets's sector.
Exotic Fasteners Inc $90,417
+17.2%
Supported by Exotic Fasteners Inc's high-margin contracts allowing higher overhead.
Rainn C Powder Coating $98,729
+28.0%
Adjusted for higher cost-of-living indices in Rainn C Powder Coating's primary metro hubs.
Corrugator Belt Service LLC $92,000
+19.3%
Reflects a supply-demand imbalance for the specific talent Corrugator Belt Service LLC targets.
MFG Durable Industry $121,746
+57.8%
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 Newava Technology Inc

Considering a career at Newava Technology 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 regularly walks the production floor, showing genuine interest in employee feedback. Team dynamics are hit or miss depending on the department. Coworkers are respectful, though collaboration is limited. They provide excellent training and are always open to new ideas, which makes you feel empowered. Supervisors are fair and encourage learning.
Processes are tightly controlled, which helps productivity but limits flexibility. Communication across teams is sometimes unclear, leading to misunderstandings. A clean, safe facility with well-maintained equipment. There’s not a lot of room for open discussion unless you ask directly. The company promotes a culture where employee safety and professional development are priorities. It’s a fast-pa...
Feedback is immediate and constructive, helping everyone improve quickly. I started in an entry-level position and have been able to advance my career significantly thanks to their development programs and supportive managers who believed in my potential. Comprehensive training enhances team skills and knowledge. Facilities are clean, organized and equipped with state-of-the-art machinery.

Newava Technology Inc Overview

Website
www.newava.com
Founded In
1993
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
701 Brooks Ave S Thief River Falls Minnesota MN 56701
Revenue
<$5 Million
Phone Number
+1 6058860264
Social Media
About Newava Technology Inc
Newava designs and manufactures custom and standard inductors, transformers, coils, toroid magnetics, chokes, custom magnetic components, cable & wire harnessing and Electro-mechanical assemblies. Newava Technology offers a wide range of products. Newava designs cost effective transformers, inductors, and cable & wire harness assemblies for the power supply, avionics, military, medical, test & mea

What Benefits Does Newava Technology Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Newava Technology 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Newava Technology Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Newava Technology Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Newava Technology Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Newava Technology Inc

1. How much does a Newava Technology Inc employee make?

Newava Technology Inc pays its employees an average of $77,137 per year. The average salary at Newava Technology Inc range from $67,938 to $87,040 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 Newava Technology Inc?

The salary at Newava Technology Inc is lesser than the similar company. The average annual salary at Newava Technology Inc is $77,137, or an hourly wage of $37, in comparison to Lakeside Cabinets which pays $89,289 per year or $43 per hour.

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

In many roles at Newava Technology 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 Minneapolis affect the perceived value of a Newava Technology Inc salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Newava Technology Inc based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Newava Technology Inc typically offer employees?

Newava Technology 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 Newava Technology Inc" section on this page.