Canaan Lt & Power Co Salary

How much does the Canaan Lt & Power Co Pay for employees?

As of August 2026, the average annual salary for employees at Canaan Lt & Power Co in the United States is $113,349. This translates to an approximate hourly wage of $54. Salaries at Canaan Lt & Power Co typically range from $99,828 to $127,914 annually, reflecting the diverse roles and experience levels within the company. Canaan Lt & Power Co’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 Canaan Lt & Power Co

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Is Canaan Lt & Power Co’s Pay Competitive? Salary Benchmarking Analysis

How does Canaan Lt & Power Co’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)
Canaan Lt & Power Co
Energy & Utilities
PNE USA Inc
Pioneer Electric Cooperative
Industry Comparison
Our data shows that, on average, compensation at Canaan Lt & Power Co is below the average for the U.S. Energy & Utilities industry by approximately 13%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Canaan Lt & Power Co average annual salary with several similar companies. Canaan Lt & Power Co average salary of $113,349 is higher than PNE USA Inc, which has an average salary of $106,419. It is higher than Pioneer Electric Cooperative, with their average salary at $95,143. This places Canaan Lt & Power Co in a competitive position among its peers.
See Your True Competitors
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.

Employee Reviews: Working at Canaan Lt & Power Co

Considering a career at Canaan Lt & Power Co? 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.
Projects are challenging yet rewarding, and management encourages feedback. Job roles are respected, and the atmosphere is calm. Benefits are great, and scheduling is reliable. Safety protocols are rigorous yet practical, developed with frontline worker input.
Recognition programs motivate employees to perform their best. As someone passionate about environmental stewardship, I'm thrilled to work They are genuinely committed to reducing their environmental footprint, implementing advanced emission controls, investing in clean energy, and promoting conservation, even at their massive scale. Advanced technology use improves operational efficiency and redu...
There's room for improvement in leadership transparency and response time to concerns. Safety procedures are followed, but improvements are possible. Training programs exist but may lack engagement and depth. Leadership recognizes that both field and office roles are essential to success. The benefits are comprehensive, and internal mobility is encouraged.
The benefits package is fair, and most employees stay long term. There’s little team bonding or motivation initiatives. Working here gives me a real sense of purpose. Leadership celebrates both individual and team achievements. Office culture is low-key.

Canaan Lt & Power Co Overview

Website
Data pending, update soon.
Founded In
1914
Employees
25 - 50 employees
Industry
Energy & Utilities
Headquarter Address
254 Massachusetts Ave Cambridge Massachusetts MA 02139
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Canaan Lt & Power Co
Canaan Lt & Power Co is a company that operates in the Electrical/Electronic Manufacturing industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Cambridge, Massachusetts.

What Benefits Does Canaan Lt & Power Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Canaan Lt & Power Co 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 Cambridge?

Understanding the cost of living near Cambridge is key to truly evaluating a salary offer or your current compensation at Canaan Lt & Power Co.
Cambridge's Cost of Living Index is approximately 197.8 (97.8% more expensive than US average; 49.2% more than MA average). Home to Harvard/MIT, extremely high housing costs, very high overall expenses. MBTA. When planning your budget based on a salary from Canaan Lt & Power Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,800 - $4,200+ A significant portion of Canaan Lt & Power Co salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $520 - $800 Can be higher with more dining out or specialty stores.
Personal & Leisure $600 - $1,100+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $460 - $880+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,650 - $7,270+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Canaan Lt & Power Co

1. What is the estimated average total compensation at Canaan Lt & Power Co?

Salary.com estimates that the average total compensation package at Canaan Lt & Power Co, which can include base salary, potential bonuses, and benefits, is around $113,349 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Canaan Lt & Power Co pay compared to PNE USA Inc?

The average annual salary at Canaan Lt & Power Co is $113,349, or an hourly wage of $54, in comparison to PNE USA Inc which pays $106,419 per year or $51 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Canaan Lt & Power Co?

Salary progression from an entry-level to a senior role at Canaan Lt & Power Co can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Canaan Lt & Power Co in Cambridge is fair given the local cost of living?

To determine if a salary offer from Canaan Lt & Power Co in Cambridge is fair, first compare the gross salary to our data for similar roles at Canaan Lt & Power Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Cambridge" to understand its purchasing power.

5. Are promotions at Canaan Lt & Power Co usually accompanied by a significant salary increase?

Yes, promotions at Canaan Lt & Power Co are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.