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Olson & Sons Electric Inc Salary

Olson & Sons Electric Inc Salary

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As of September 2026, the average annual salary for employees at Olson & Sons Electric Inc in the United States is $85,439. This translates to an approximate hourly wage of $41. Salaries at Olson & Sons Electric Inc typically range from $75,278 to $96,417 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Olson & Sons Electric Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Olson & Sons Electric Inc. Based on our data, the highest paying job is the Chief Executive Officer, with an annual salary of $661,371. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Olson & Sons Electric Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Olson & Sons Electric 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
JR Electrical LLC $85,787
+0.4%
Indicates identical technical requirements and experience levels between the two firms.
Magney Construction Inc $91,609
+7.2%
Supported by Magney Construction Inc's high-margin contracts allowing higher overhead.
Kramer & Feldman Inc $84,036
-1.6%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Az Shmina Inc $89,911
+5.2%
Driven by niche technical certifications required for Az Shmina Inc's specialized projects.
Construction Industry $119,814
+40.2%
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 Olson & Sons Electric Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Olson & Sons Electric Inc. Click a company name to learn more.

Employee Reviews: Working at Olson & Sons Electric Inc

Considering a career at Olson & Sons Electric 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.
It’s a good place to start a career or gain technical experience, though long-term growth requires patience and networking internally. For an organization their protocols are meticulously implemented, and employee well-being is clearly a top priority. I appreciate the company’s commitment to sustainability and innovative construction methods. It makes me genuinely proud to be part of this dedicate...
Commented in March 24, 2025
32
1
Long days and physical work are part of the job. Work is steady but sometimes repetitive. Project changes can happen suddenly with little notice. Diverse projects offer great learning opportunities. One of the best things about this company is its focus on employee development. Good benefits and fair compensation for skilled labor. Plus, the opportunities for advancement are plentiful for those wi...
Commented in February 02, 2025
39
3
They genuinely invest in their workforce. I appreciate the recognition programs that celebrate hard work and dedication. This proactive approach shows they are engaged and dedicated to maintaining a positive, productive, and equitable work environment for everyone on the construction team, which is greatly appreciated by all. Benefits are average. There’s a top-down leadership style, and decisions...
Commented in January 15, 2024
11
0

Olson & Sons Electric Inc Overview

Website
www.olsonandsons.com
Founded In
1959
Employees
<25 employees
Industry
Construction
Headquarter Address
19 Sandberg Rd Monticello Minnesota MN 55362
Revenue
<$5 Million
Phone Number
+1 7632952690
Social Media
About Olson & Sons Electric Inc
Olson & Sons Electric Inc is a company that operates in the Construction industry. It employs 6-10 people and has $1M-$5M of revenue. The company is headquartered in Monticello, Minnesota.

What Benefits Does Olson & Sons Electric Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Olson & Sons Electric 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 Olson & Sons Electric 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 Olson & Sons Electric 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 Olson & Sons Electric 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 Olson & Sons Electric Inc

1. What is the typical salary range (low to high) for most roles at Olson & Sons Electric Inc?

The typical annual salary range for most roles at Olson & Sons Electric Inc is approximately from $75,278 to $96,417. 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 Olson & Sons Electric Inc pay compared to JR Electrical LLC?

The average annual salary at Olson & Sons Electric Inc is $85,439, or an hourly wage of $41, in comparison to JR Electrical LLC which pays $85,787 per year or $41 per hour.

3. Do salaries differ significantly between departments at Olson & Sons Electric Inc?

Yes, salaries often differ between departments at Olson & Sons Electric Inc 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 Olson & Sons Electric Inc?

Experience level is a significant factor in determining salary at Olson & Sons Electric Inc, 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 Olson & Sons Electric Inc in Minneapolis is fair given the local cost of living?

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

6. Why might an individual's actual salary at Olson & Sons Electric Inc differ from the ranges shown here?

An individual's actual salary at Olson & Sons Electric Inc 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.

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