RIC Inc Salary

As of September 2026, the average annual salary for employees at RIC Inc in the United States is $98,476. This translates to an approximate hourly wage of $47. Salaries at RIC Inc typically range from $86,733 to $111,196 annually, reflecting the diverse roles and experience levels within the company.
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Is RIC Inc’s Pay Competitive? Salary Benchmarking Analysis

How does RIC 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
AM Architectural Metal & Glass Inc $105,111
+6.7%
Reflects structural premiums typical of AM Architectural Metal & Glass Inc's large-cap national operations.
American Sitework LLC $99,257
+0.8%
Confirms American Sitework LLC is a direct competitor vying for the exact same talent pool.
McMaster Homes $97,042
-1.5%
Suggests McMaster Homes utilizes a highly similar base-plus-benefits compensation model.
Cmh Set and Finish Inc $92,822
-5.7%
Typical compensation structure for smaller regional agencies like Cmh Set and Finish Inc.
Construction Industry $119,814
+21.7%
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 RIC Inc

Considering a career at RIC 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.
The work environment is formal, favoring predictability over creativity or rapid change. I value the direct interaction with clients that I sometimes get; it’s rewarding to see their satisfaction with our progress and craftsmanship. The supportive environment at this construction company truly sets it apart. Leadership maintains control through structured processes, which ensures consistency but l...
Good company for those looking for a basic, steady job in construction. I’m proud to be part of a company that builds with integrity. Pay is competitive, and there are bonuses tied to project performance. Leadership’s encouragement of innovation inspires me to bring my best ideas to every project. Collaboration exists but may be hindered by departmental silos. Company invests in modern equipment a...
It’s not just a job—it’s a career path if you want one. The company is known for its reliability and consistency in delivering quality construction work, which provides a strong sense of job security. They care about employees and focus on safety above all. This company invests heavily in employee training and development, ensuring we stay competitive. Raises and recognition are minimal, and long-...

RIC Inc Overview

Website
www.ric-mn.com
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Construction
Headquarter Address
160 Market St S Shakopee Minnesota MN 55379
Revenue
$10 Million - $50 Million
Phone Number
+1 9527365930
Social Media
About RIC Inc
RIC Inc is a company that operates in the Construction industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Shakopee, Minnesota.

What Benefits Does RIC Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. RIC 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)
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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 RIC Inc.
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 RIC Inc, 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 RIC Inc 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 RIC Inc

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

The typical annual salary range for most roles at RIC Inc is approximately from $86,733 to $111,196. 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 RIC Inc pay compared to AM Architectural Metal & Glass Inc?

The average annual salary at RIC Inc is $98,476, or an hourly wage of $47, in comparison to AM Architectural Metal & Glass Inc which pays $105,111 per year or $51 per hour.

3. Do salaries differ significantly between departments at RIC Inc?

Yes, salaries often differ between departments at RIC 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 RIC Inc?

Experience level is a significant factor in determining salary at RIC 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 RIC Inc in Minneapolis is fair given the local cost of living?

To determine if a salary offer from RIC Inc in Minneapolis is fair, first compare the gross salary to our data for similar roles at RIC Inc 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. What are the key factors that influence salary levels at RIC Inc?

Several key factors influence salary levels at RIC Inc. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: RIC Inc likely benchmarks its salaries against other companies in the Construction sector. You can explore how these factors play out in our detailed salary data.