Psyonic Salary

Psyonic Salary

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As of April 2026, the average annual salary for employees at Psyonic in the United States is $87,569. This translates to an approximate hourly wage of $42. Salaries at Psyonic typically range from $77,148 to $98,893 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Psyonic

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

Is Psyonic’s Pay Competitive? Salary Benchmarking Analysis

How does Psyonic'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
Zutron Medical LLC $93,086
+6.3%
Supported by Zutron Medical LLC's high-margin contracts allowing higher overhead.
Terra Biological LLC $99,900
+14.1%
Adjusted for higher cost-of-living indices in Terra Biological LLC's primary metro hubs.
Bloomer Tech $104,879
+19.8%
Reflects a supply-demand imbalance for the specific talent Bloomer Tech targets.
Altay Therapeutics Inc $113,707
+29.8%
Influenced by prevailing union wage agreements specific to Altay Therapeutics Inc's sector.
Biotechnology Industry $130,524
+49.1%
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.

How Psyonic's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Psyonic

Considering a career at Psyonic? 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.
This level of responsibility is empowering and motivating for everyone involved. While roles are well-supported, advancement often requires internal networking and persistence. Great team dynamic. There's a strong focus on safety and well-being in the labs and offices, which is paramount in our industry. Even employees, they ensure everyone understands and aligns with the company’s goals.
Commented in May 08, 2025
32
0
If you’re stuck, someone is always willing to lend a hand or offer advice. The company offers stable employment with clear policies. I’ve been given opportunities to take on new responsibilities, which has significantly boosted my confidence and career growth.
Commented in November 21, 2024
13
0
The leadership team is approachable and genuinely cares about employee well-being. Being in the biotech means hands-on experience across various projects. It's truly reassuring to work for an organization that places patient safety and scientific rigor above all else, ensuring that our innovations are not only effective but also responsibly developed. The collaborative projects spanning different ...
Commented in September 20, 2024
19
2

Psyonic Overview

Website
www.psyonic.io
Founded In
2015
Employees
<25 employees
Industry
Biotechnology
Headquarter Address
60 Hazelwood Dr Champaign Illinois IL 61820
Revenue
<$5 Million
Phone Number
+1 8887796642
Social Media
About Psyonic
PSYONIC is an advanced prosthetic company developing affordable and accessible devices. The Ability Hand is the first product for the company. Founded out of the University of Illinois at Urbana-Champaign , and grown in partnership with some of the best incubators and accelerators industry, PSYONIC is focused on bringing better prostheses to the market. The team at PSYONIC believes that everyone s

What Benefits Does Psyonic Offer Beyond Salary?

A competitive compensation package is more than just a salary. Psyonic 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 Champaign?

Understanding the cost of living near Champaign is key to truly evaluating a salary offer or your current compensation at Psyonic.
Champaign's Cost of Living Index is approximately 89.8 (10.2% less expensive than US average; 4.3% less than IL average). Central IL (Univ. of Illinois), housing affordable. MTD bus. When planning your budget based on a salary from Psyonic, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,250+ A significant portion of Psyonic salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (MTD monthly pass, free for UofI) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,080 - $3,340+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Psyonic

1. How much does a Psyonic employee make?

Psyonic pays its employees an average of $87,569 per year. The average salary at Psyonic range from $77,148 to $98,893 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 Psyonic?

The salary at Psyonic is lesser than the similar company. The average annual salary at Psyonic is $87,569, or an hourly wage of $42, in comparison to Zutron Medical LLC which pays $93,086 per year or $45 per hour.

3. How much does a Director, Development & Sales typically earn at Psyonic?

A Director, Development & Sales at Psyonic typically earns an average annual base salary of around $160,550, with a general range of $142,230 to $179,760.

4. Do employees with advanced degrees (Master's, PhD) earn more at Psyonic?

In many roles at Psyonic, 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.

5. How does the cost of living near Champaign affect the perceived value of a Psyonic salary?

Champaign's Cost of Living Index is approximately 89.8 (10.2% less expensive than US average; 4.3% less than IL average). This significantly impacts the purchasing power of a salary from Psyonic based there. Our "Cost of Living Insights for Champaign" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Psyonic typically offer employees?

Psyonic 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 Psyonic" section on this page.

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