Parsec Labs Salary

Parsec Labs Salary

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As of July 2026, the average annual salary for employees at Parsec Labs in the United States is $102,896. This translates to an approximate hourly wage of $49. Salaries at Parsec Labs typically range from $90,646 to $116,123 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Parsec Labs

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

Is Parsec Labs’s Pay Competitive? Salary Benchmarking Analysis

How does Parsec Labs'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
Mccoy Global Links $118,032
+14.7%
Driven by niche technical certifications required for Mccoy Global Links's specialized projects.
involve.ai Inc $106,208
+3.2%
Adjusted for higher cost-of-living indices in involve.ai Inc's primary metro hubs.
Dr.cash $95,966
-6.7%
Dr.cash may offer non-monetary perks in lieu of competitive base salaries.
Www Thesewingbasket Co $88,012
-14.5%
Www Thesewingbasket Co operates with a leaner overhead structure, impacting base wage offers.
Software & Networking Industry $126,859
+23.3%
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 Parsec Labs's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Parsec Labs. Click a company name to learn more.

Employee Reviews: Working at Parsec Labs

Considering a career at Parsec Labs? 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.
The team is energetic, and collaboration is strong across departments. The employee discount is a nice perk, and the health benefits are comprehensive. Benefits like health insurance and flexible scheduling add value. It’s a reliable retail job. I’ve been with this company for several years and have seen significant growth in both the business and my career.
Commented in March 01, 2025
30
3
There are occasional team-building events, which add a nice touch. Great workplace with a strong focus on teamwork. It’s a dependable retail job. The company invests in its employees, offering training and growth opportunities. Hard work is rewarded, and there are frequent team appreciation events. The company offers a good mix of challenges and rewards.
Commented in December 18, 2024
9
0
I highly recommend this company to anyone in retail. The work-life balance is good, and there are opportunities for growth. The workload is manageable, and the team is always willing to help. The compensation is fair, and there are frequent incentives for high performance.
Commented in July 19, 2024
29
3
Employee benefits, including health coverage and paid time off, are above average. The team feels like a second family. Colleagues are friendly and always willing to help, making teamwork seamless.
Commented in July 07, 2024
35
3
The retail operations follow a logical workflow. The workplace is modern, and the company stays updated with industry trends. The company also organizes team-building events, which foster a positive workplace culture. I enjoy the dynamic and rewarding work environment.
Commented in January 17, 2024
24
3

Parsec Labs Overview

Website
www.parseclabs.com
Founded In
2013
Employees
25 - 50 employees
Industry
Software & Networking
Headquarter Address
7101 Northland Cir N Brooklyn Park Minnesota MN 55428
Revenue
$5 Million - $10 Million
Phone Number
+1 6122861500
Social Media
About Parsec Labs
Parsec Labs, LLC. is a technology provider for subscription-based network storage solutions. They develop universal data replication and migration solutions to allow data portability across all platforms. Parsec Labs was founded in 2013 and is headquartered in Minneapolis, Minnesota.

What Benefits Does Parsec Labs Offer Beyond Salary?

A competitive compensation package is more than just a salary. Parsec Labs 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 Parsec Labs.
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 Parsec Labs, 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 Parsec Labs 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 Parsec Labs

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

The typical annual salary range for most roles at Parsec Labs is approximately from $90,646 to $116,123. 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 Parsec Labs pay compared to Mccoy Global Links?

The average annual salary at Parsec Labs is $102,896, or an hourly wage of $49, in comparison to Mccoy Global Links which pays $118,032 per year or $57 per hour.

3. Do salaries differ significantly between departments at Parsec Labs?

Yes, salaries often differ between departments at Parsec Labs 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 Parsec Labs?

Experience level is a significant factor in determining salary at Parsec Labs, 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 Parsec Labs in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Parsec Labs in Minneapolis is fair, first compare the gross salary to our data for similar roles at Parsec Labs 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 Parsec Labs differ from the ranges shown here?

An individual's actual salary at Parsec Labs 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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