Rainbow Electric Inc Salary

As of July 2026, the average annual salary for employees at Rainbow Electric Inc in the United States is $104,815. This translates to an approximate hourly wage of $50. Salaries at Rainbow Electric Inc typically range from $92,341 to $118,281 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Current Job Openings at Rainbow Electric Inc

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

Is Rainbow Electric Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Rainbow 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
3-D Electric Inc $79,458
-24.2%
3-D Electric Inc likely leverages performance bonuses over the high base salary shown here.
High Volt Electric $95,502
-8.9%
Typical compensation structure for smaller regional agencies like High Volt Electric.
Rpi Electric $76,631
-26.9%
Normalized for lower cost-of-living zones where Rpi Electric primarily operates.
Gng Electrical LLC $88,150
-15.9%
Gng Electrical LLC focuses strategically on recruiting and training entry-level apprentices.
Construction Industry $119,814
+14.3%
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.

Employee Reviews: Working at Rainbow Electric Inc

Considering a career at Rainbow 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.
Safety is emphasized, and it is followed strictly on-site. The collaborative culture makes it easy to share ideas and learn from peers. While training is available, it's consistent across departments. This shared vigilance creates a much safer and more caring work environment for us all. Union rules and policies vary by region.
Construction deadlines are realistic, and tools and resources are available when needed. Working here feels rewarding because every project impacts communities positively and encourages teamwork and innovation. The culture encourages learning and doing things right the first time. Job sites are run professionally, and there's a real sense of teamwork. There's a true sense of camaraderie across all...
Leadership is accessible and genuinely invested in employee success. Work is steady but sometimes repetitive. Work hours are long during peak season. Employees are consistently recognized for their hard work and dedication. Management supports career growth, and the emphasis on safety and communication makes for a healthy, productive work environment.

Rainbow Electric Inc Overview

Website
www.rainbowelectric.com
Founded In
1965
Employees
<25 employees
Industry
Construction
Headquarter Address
7618 Rockaway Blvd Woodhaven New York NY 11421
Revenue
<$5 Million
Phone Number
+1 7185210926
Social Media
About Rainbow Electric Inc
Rainbow Electric provides 24-hour emergency service for all of your repair and sales needs. As one of the largest electronic service departments we offer both in-house and field services. On the motor side, we take pride in reconditioning and rebuilding your used AC / DC motors and related accessories to the original manufacturers' specifications.

What Benefits Does Rainbow Electric Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Rainbow 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)
Work at Rainbow Electric Inc?
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.

illustration

What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Rainbow Electric Inc.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Rainbow Electric Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Rainbow Electric Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Rainbow Electric Inc

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

The typical annual salary range for most roles at Rainbow Electric Inc is approximately from $92,341 to $118,281. 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 Rainbow Electric Inc pay compared to 3-D Electric Inc?

The average annual salary at Rainbow Electric Inc is $104,815, or an hourly wage of $50, in comparison to 3-D Electric Inc which pays $79,458 per year or $38 per hour.

3. Do salaries differ significantly between departments at Rainbow Electric Inc?

Yes, salaries often differ between departments at Rainbow 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 Rainbow Electric Inc?

Experience level is a significant factor in determining salary at Rainbow 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 Rainbow Electric Inc in New York is fair given the local cost of living?

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

6. What factors influence salary increases at Rainbow Electric Inc?

Salary increases at Rainbow Electric Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.