Budgit Hoists Salary

How much does the Budgit Hoists Pay for employees?

As of May 2026, the average annual salary for employees at Budgit Hoists in the United States is $99,425. This translates to an approximate hourly wage of $48. Salaries at Budgit Hoists typically range from $87,530 to $112,294 annually, reflecting the diverse roles and experience levels within the company. Budgit Hoists’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.
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Current Job Openings at Budgit Hoists

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Is Budgit Hoists’s Pay Competitive? Salary Benchmarking Analysis

How does Budgit Hoists’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
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Average Salary ($/year)
Budgit Hoists
MFG Durable
Ames Machine
USA Hoist
Industry Comparison
Our data shows that, on average, compensation at Budgit Hoists is below the average for the U.S. MFG Durable industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Budgit Hoists average annual salary with several similar companies. Budgit Hoists average salary of $99,425 is lower than Ames Machine, which has an average salary of $106,904. It is higher than USA Hoist, with their average salary at $99,362. This places Budgit Hoists in a mid-range position among its peers.
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Employee Reviews: Working at Budgit Hoists

Considering a career at Budgit Hoists? 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.
Commitment to deadlines consistently meets customer expectations. What impresses me most is how the company invests in employee development - from technical certifications to leadership training programs. Processes are somewhat outdated, but they still function. Management supports training and career growth opportunities consistently.
We meet goals without burnout, and coworkers respect each other’s efforts. The work is consistent and expectations are clear. I appreciate how leadership is invested in process efficiency and sustainability. Our esteemed leadership team consistently leads by inspiring example, demonstrating remarkable passion for media, unwavering dedication to our shared mission, and a strong, unshakeable commitm...
Compensation packages are competitive and include excellent benefits. Adequate for stability, less ideal for growth. Career progression exists but is influenced by seniority.

Budgit Hoists Overview

Website
www.budgithoist.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1230 Hannah Ave Forest Park Illinois IL 60130
Revenue
$10 Million - $50 Million
Phone Number
+1 8003229144
Social Media
About Budgit Hoists
Budgit Hoists is a company that operates in the Machinery industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Forest Park, Illinois.

What Benefits Does Budgit Hoists Offer Beyond Salary?

A competitive compensation package is more than just a salary. Budgit Hoists 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Budgit Hoists.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Budgit Hoists, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Budgit Hoists salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Budgit Hoists

1. How much does Budgit Hoists in the United States pay?

Budgit Hoists pays its employees an average of $99,425 per year. The average salary at Budgit Hoists range from $87,530 to $112,294 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 Budgit Hoists employees get a higher salary than its peer company?

The salary at Budgit Hoists is lesser than its peer company. The average annual salary at Budgit Hoists is $99,425, or an hourly wage of $48, in comparison to Ames Machine which pays $106,904 per year or $51 per hour.

3. How much does salary increase with years of experience at Budgit Hoists?

Salary progression with years of experience at Budgit Hoists 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.

4. Do salaries at Budgit Hoists vary by office location?

Yes, it's very likely that salaries at Budgit Hoists 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 Chicago section provides more context.

5. Does Budgit Hoists offer good benefits?

Budgit Hoists 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 Budgit Hoists" section on this page.