Prospect Steel Co Salary

As of August 2026, the average annual salary for employees at Prospect Steel Co in the United States is $93,318. This translates to an approximate hourly wage of $45. Salaries at Prospect Steel Co typically range from $82,069 to $105,550 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Prospect Steel Co

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

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

How does Prospect Steel 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
Frontline Catalysts $111,545
+19.5%
Data suggests Frontline Catalysts's workforce skews heavily towards veteran, high-tenure roles.
Tudor Artisans Inc $94,120
+0.9%
Suggests Tudor Artisans Inc utilizes a highly similar base-plus-benefits compensation model.
Dogpatch Bakehouse Caffe $121,798
+30.5%
Driven by niche technical certifications required for Dogpatch Bakehouse Caffe's specialized projects.
Gulf States Steel Corp $92,253
-1.1%
Indicates identical technical requirements and experience levels between the two firms.
Retail & Wholesale Industry $123,318
+32.1%
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 Prospect Steel Co

Considering a career at Prospect Steel 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.
Convenient location and flexible shifts. The company culture is inclusive, and management is supportive. The location is convenient, and the facilities are well-maintained. I’ve built strong relationships with my colleagues. The workload is steady, and colleagues are easy to work with.
The culture is team-oriented, and management is approachable. The people are friendly, and the management team is transparent about business goals. Fast-paced but rewarding.
I enjoy coming to work because of the friendly environment. Definitely a positive workplace. The leadership team is transparent and supportive. Feels like a second home. Consistent workflow. While not overly innovative, the company maintains a steady workflow. The pay is fair, and the company often recognizes hard work.

Prospect Steel Co Overview

Website
www.prospectsteel.com
Founded In
Data pending, update soon.
Employees
<25 employees
Industry
Retail & Wholesale
Headquarter Address
36420 Northline Rd Romulus Michigan MI 48174
Revenue
$10 Million - $50 Million
Phone Number
+1 7349411981
Social Media
About Prospect Steel Co
Prospect Steel Co is a company that operates in the Mining & Metals industry. It employs 11-20 people and has $10M-$25M of revenue. The company is headquartered in Romulus, Michigan.

What Benefits Does Prospect Steel Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Prospect Steel 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)
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What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Prospect Steel Co.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Prospect Steel Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Prospect Steel Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Prospect Steel Co

1. What is the typical salary range (low to high) for most roles at Prospect Steel Co?

The typical annual salary range for most roles at Prospect Steel Co is approximately from $82,069 to $105,550. 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 Prospect Steel Co pay compared to Frontline Catalysts?

The average annual salary at Prospect Steel Co is $93,318, or an hourly wage of $45, in comparison to Frontline Catalysts which pays $111,545 per year or $54 per hour.

3. Do salaries differ significantly between departments at Prospect Steel Co?

Yes, salaries often differ between departments at Prospect Steel Co 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 Prospect Steel Co?

Experience level is a significant factor in determining salary at Prospect Steel Co, 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 Prospect Steel Co in Detroit is fair given the local cost of living?

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

6. Are the salaries listed for Prospect Steel Co on Salary.com pre-tax or after-tax?

All salary figures displayed for Prospect Steel Co, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.