Hanover Stringed Instrument Co Salary

Hanover Stringed Instrument Co Salary

How much does the Hanover Stringed Instrument Co Pay for employees?

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As of August 2026, the average hourly salary for employees at Hanover Stringed Instrument Co in the United States is $44. This translates to an approximate annual wage of $92,179. Salaries at Hanover Stringed Instrument Co typically range from $39 to $50 hourly, reflecting the diverse roles and experience levels within the company. Hanover Stringed Instrument 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 Hanover Stringed Instrument Co

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Is Hanover Stringed Instrument Co’s Pay Competitive? Salary Benchmarking Analysis

How does Hanover Stringed Instrument Co’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Hanover Stringed Instrument Co
MFG Durable
Hearing Instruments Inc
PROFESSIONAL INSTRUMENT SERVICES Inc
Industry Comparison
Our data shows that, on average, compensation at Hanover Stringed Instrument Co is below the average for the U.S. MFG Durable industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Hanover Stringed Instrument Co average annual salary with several similar companies. Hanover Stringed Instrument Co average salary of $92,179 is higher than Hearing Instruments Inc, which has an average salary of $84,627. It is higher than PROFESSIONAL INSTRUMENT SERVICES Inc, with their average salary at $85,259. This places Hanover Stringed Instrument Co in a competitive position among its peers.
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Companies Similar to Hanover Stringed Instrument Co and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Hanover Stringed Instrument Co. Click a company name to learn more.

Employee Reviews: Working at Hanover Stringed Instrument Co

Considering a career at Hanover Stringed Instrument 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.
This synergy not only enhances efficiency but also fosters a supportive and engaging workplace. Expectations are communicated clearly, and leadership takes the time to support staff with resources and tools. I enjoy the camaraderie on the production line. Overall, it’s a dynamic, supportive, and rewarding work environment. Hard work is recognized and rewarded fairly here.
Commented in April 02, 2025
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3
Equipment and technology are regularly updated to ensure productivity and safety. We meet goals without burnout, and coworkers respect each other’s efforts. Communication is adequate but could improve for better efficiency. However, enforcement of safety protocols can be inconsistent. Management is supportive and invests in employee training and well-being. What stands out most about working here ...
Commented in February 14, 2025
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The employee recognition programs make hard work feel valued. This level of engagement from the top makes a big difference in morale and problem-solving, fostering a collaborative spirit across all levels. I’ve always known what’s expected of me, and help is readily available. My role has given me new skills and confidence in my abilities. Benefits are competitive, and flexible shifts allow for a ...
Commented in March 23, 2024
10
3

Hanover Stringed Instrument Co Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
34 5 Main St Hanover New Hampshire NH 03755
Revenue
<$5 Million
Phone Number
+1 6036433143
Social Media
About Hanover Stringed Instrument Co
Hanover Stringed Instrument Co is a company that operates in the Electrical/Electronic Manufacturing industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Hanover, New Hampshire.

What Benefits Does Hanover Stringed Instrument Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hanover Stringed Instrument 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 Concord?

Understanding the cost of living near Concord is key to truly evaluating a salary offer or your current compensation at Hanover Stringed Instrument Co.
Concord's Cost of Living Index is approximately 102.5 (2.5% more expensive than US average; 2.9% less than NH average). State capital, housing near US average. CAT. When planning your budget based on a salary from Hanover Stringed Instrument Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,800+ A significant portion of Hanover Stringed Instrument Co salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (CAT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,640 - $4,030+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Hanover Stringed Instrument Co

1. What is the estimated average total compensation at Hanover Stringed Instrument Co?

Salary.com estimates that the average total compensation package at Hanover Stringed Instrument Co, which can include base salary, potential bonuses, and benefits, is around $44 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Hanover Stringed Instrument Co pay compared to Hearing Instruments Inc?

The average annual salary at Hanover Stringed Instrument Co is $92,179, or an hourly wage of $44, in comparison to Hearing Instruments Inc which pays $84,627 per year or $41 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Hanover Stringed Instrument Co?

Salary progression from an entry-level to a senior role at Hanover Stringed Instrument 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 Hanover Stringed Instrument Co in Concord is fair given the local cost of living?

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

5. Are promotions at Hanover Stringed Instrument Co usually accompanied by a significant salary increase?

Yes, promotions at Hanover Stringed Instrument 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.

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