Salary AI Book a Demo
Prospect Electric Co Salary

Prospect Electric Co Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of September 2026, the average annual salary for employees at Prospect Electric Co in the United States is $90,597. This translates to an approximate hourly wage of $44. Salaries at Prospect Electric Co typically range from $79,814 to $102,234 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Prospect Electric Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Prospect Electric Co. Based on our data, the highest paying job is the Project Manager, with an annual salary of $96,052. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Prospect Electric Co’s Pay Competitive? Salary Benchmarking Analysis

How does Prospect Electric Co'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
Preferred Cabling Systems $84,679
-6.5%
Preferred Cabling Systems may offer non-monetary perks in lieu of competitive base salaries.
Hildrethsglass $95,649
+5.6%
Influenced by prevailing union wage agreements specific to Hildrethsglass's sector.
Watkins Development $80,829
-10.8%
Watkins Development likely leverages performance bonuses over the high base salary shown here.
Proflow Mechanical Inc $105,765
+16.7%
Adjusted for higher cost-of-living indices in Proflow Mechanical Inc's primary metro hubs.
Construction Industry $119,814
+32.2%
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 Prospect Electric Co's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Prospect Electric Co

Considering a career at Prospect Electric Co? 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.
I've enjoyed working here due to the high level of professionalism and structure. Safety is a top priority here. Projects are interesting but can be stressful. Leadership listens attentively and encourages ideas that improve our processes. The work is consistent but may lack excitement.
Commented in April 05, 2025
21
3
The benefits package is competitive, and there is a clear path for career advancement. I’m impressed by how well-organized our construction sites generally are. Decisions are made with employee safety in mind. This company has provided me with stability and growth for several years. This thorough preparation sets us up for success, leading to fewer surprises on site and more efficient construction...
Commented in December 02, 2024
9
0
The culture is professional and it is particularly warm. This company values hard work and delivers high-quality projects. Communication quality differs between departments.
Commented in January 06, 2024
50
1

Prospect Electric Co Overview

Website
www.prospectelectric.com
Founded In
1994
Employees
<25 employees
Industry
Construction
Headquarter Address
516 Morse Ave Schaumburg Illinois IL 60193
Revenue
<$5 Million
Phone Number
+1 8475068900
Social Media
About Prospect Electric Co
At Prospect Electric Company, we are dedicated to providing our customers with friendly service. We value your business. We have made it our mission to provide reliable products and services in our customer-driven approach. Our courteous, professional team is able to support a range of services to meet your requirements. To learn more about Prospect Electric Company, and the products and services

What Benefits Does Prospect Electric Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Prospect Electric Co 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)
Work at Prospect Electric Co?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

What Is the Cost of Living Near Schaumburg?

Understanding the cost of living near Schaumburg is key to truly evaluating a salary offer or your current compensation at Prospect Electric Co.
Schaumburg's Cost of Living Index is approximately 108.2 (8.2% more expensive than US average; 15.4% more than IL average). NW Chicago suburb, major commercial/retail hub (Woodfield Mall), housing costs above US avg. Pace bus. When planning your budget based on a salary from Prospect Electric Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of Prospect Electric Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace bus (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,250+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Prospect Electric Co

1. How much does a Prospect Electric Co employee make?

Prospect Electric Co pays its employees an average of $90,597 per year. The average salary at Prospect Electric Co range from $79,814 to $102,234 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 Prospect Electric Co?

The salary at Prospect Electric Co is higher than the similar company. The average annual salary at Prospect Electric Co is $90,597, or an hourly wage of $44, in comparison to Preferred Cabling Systems which pays $84,679 per year or $41 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Prospect Electric Co?

In many roles at Prospect Electric Co, 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 Schaumburg affect the perceived value of a Prospect Electric Co salary?

Schaumburg's Cost of Living Index is approximately 108.2 (8.2% more expensive than US average; 15.4% more than IL average). This significantly impacts the purchasing power of a salary from Prospect Electric Co based there. Our "Cost of Living Insights for Schaumburg" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Prospect Electric Co typically offer employees?

Prospect Electric Co 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 Prospect Electric Co" section on this page.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning