316 Product Development LLC Salary

316 Product Development LLC Salary

How much does the 316 Product Development LLC Pay for employees?

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As of July 2026, the average annual salary for employees at 316 Product Development LLC in the United States is $87,084. This translates to an approximate hourly wage of $42. Salaries at 316 Product Development LLC typically range from $76,543 to $98,527 annually, reflecting the diverse roles and experience levels within the company. 316 Product Development LLC’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does 316 Product Development LLC Pay for Different Roles?

Explore detailed salary information for specific jobs at 316 Product Development LLC. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at 316 Product Development LLC

Ready for your next career move? Explore current job openings at 316 Product Development LLC. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is 316 Product Development LLC’s Pay Competitive? Salary Benchmarking Analysis

How does 316 Product Development LLC’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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90k
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30k
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Average Salary ($/year)
316 Product Development LLC
Business Services
Locklear Locklear & Jacobs PLLC
Jerusalem Consulting Engineers Inc
Industry Comparison
Our data shows that, on average, compensation at 316 Product Development LLC is below the average for the U.S. Business Services industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared 316 Product Development LLC average annual salary with several similar companies. 316 Product Development LLC average salary of $87,084 is higher than Locklear Locklear & Jacobs PLLC, which has an average salary of $81,146. It is lower than Jerusalem Consulting Engineers Inc, with their average salary at $96,641. This places 316 Product Development LLC in a mid-range position among its peers.
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The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How 316 Product Development LLC's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at 316 Product Development LLC. Click a company name to learn more.

Employee Reviews: Working at 316 Product Development LLC

Considering a career at 316 Product Development LLC? 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 am constantly learning from the talented individuals around me. Innovation is genuinely encouraged here. Workload is manageable, not challenging. They genuinely seem to care about employee well-being, offering wellness programs and support. The compensation package is very competitive and is regularly reviewed to ensure it stays that way.
Commented in April 25, 2025
14
3
Projects are consistent, and it is very challenging or diverse. Standard benefits package with little extras. Support and learning are priorities here. Benefits, flexibility, and a focus on employee well-being make this an excellent place to work. It keeps the team motivated and feeling valued. Training programs exist but are rarely customized.
Commented in March 10, 2025
27
2
This inclusive approach to decision-making leads to better outcomes and makes me feel like a true partner in our success, not just an employee. The culture promotes diversity and inclusion, and performance is regularly recognized. There’s a clear hierarchy, which can be limiting in decision-making. The organization invests in tools and technologies that make daily tasks efficient. It’s a thoughtfu...
Commented in February 25, 2024
28
3

316 Product Development LLC Overview

Website
www.316productdevelopment.com
Founded In
2013
Employees
<25 employees
Industry
Business Services
Headquarter Address
6804 W Stinemyer Rd New Palestine Indiana IN 46163
Revenue
<$5 Million
Phone Number
+1 3174301394
Social Media
About 316 Product Development LLC
316 Product Development is based out of New Palastine, Indiana and offers its customers a wide variety of services. Some of these services include industrial design, strategy and planning, manufacturing resources, and project management.

What Benefits Does 316 Product Development LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. 316 Product Development LLC 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at 316 Product Development LLC.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from 316 Product Development LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of 316 Product Development LLC salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of 316 Product Development LLC

1. How much does 316 Product Development LLC in the United States pay?

316 Product Development LLC pays its employees an average of $87,084 per year. The average salary at 316 Product Development LLC range from $76,543 to $98,527 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. Do 316 Product Development LLC employees get a higher salary than its peer company?

The salary at 316 Product Development LLC is higher than its peer company. The average annual salary at 316 Product Development LLC is $87,084, or an hourly wage of $42, in comparison to Locklear Locklear & Jacobs PLLC which pays $81,146 per year or $39 per hour.

3. What are the highest paying jobs at 316 Product Development LLC?

The higher-paying job at 316 Product Development LLC, according to our data, include President & Founder (avg. $674,109 per year), Principal Engineer (avg. $128,218 per year), and Product Development (avg. $111,560 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at 316 Product Development LLC?

Salary progression with years of experience at 316 Product Development LLC is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at 316 Product Development LLC vary by office location?

Yes, it's very likely that salaries at 316 Product Development LLC vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Indianapolis section provides more context.

6. Does 316 Product Development LLC offer good benefits?

316 Product Development LLC typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at 316 Product Development LLC" section on this page.

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