Explore More About Hanover Stringed Instrument Co

Q: How much does Hanover Stringed Instrument Co in the United States pay?

Hanover Stringed Instrument Co pays its employees an average of $92,179 per year. The average salary at Hanover Stringed Instrument Co range from $81,171 to $104,051 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.

Q: Do Hanover Stringed Instrument Co employees get a higher salary than its peer company?

The salary at Hanover Stringed Instrument Co is higher than its peer company. 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.

Hanover Stringed Instrument Co Salary

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

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Salary at Hanover Stringed Instrument Co

Current Job Openings at Hanover Stringed Instrument Co

Ready for your next career move? Explore current job openings at Hanover Stringed Instrument Co. Use the search tool below to find available positions by title and location and apply directly to start your career.

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 annual 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.

See Your True Competitors

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How Hanover Stringed Instrument Co's Salaries Compare to Similar Companies?

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.

Hearing Instruments Inc

$84,627 / year

Salary Range: $74,527 - $95,527

Newport News, VA

PROFESSIONAL INSTRUMENT SERVICES Inc

$85,259 / year

Salary Range: $75,077 - $96,246

Baton Rouge, LA

Creek Instruments

$98,349 / year

Salary Range: $86,605 - $111,013

Frederick, MD

Mattice Instruments Inc

$89,574 / year

Salary Range: $78,880 - $101,112

Richmond, VA

Xyz Instruments LLC

$92,770 / year

Salary Range: $81,693 - $104,709

Houston, TX

biz halm instrument co Inc

$100,185 / year

Salary Range: $88,226 - $113,086

Glen Head, NY

Stuart Stringed Instruments Inc

$95,734 / year

Salary Range: $84,304 - $108,062

Mount Tremper, NY

Eha Chimes Inc

$106,102 / year

Salary Range: $93,431 - $119,769

Alameda, CA

Polystar Instruments Inc

$87,717 / year

Salary Range: $77,239 - $99,014

Arlington, TX

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

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

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

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

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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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

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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. How much does Hanover Stringed Instrument Co in the United States pay?

Hanover Stringed Instrument Co pays its employees an average of $92,179 per year. The average salary at Hanover Stringed Instrument Co range from $81,171 to $104,051 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 Hanover Stringed Instrument Co employees get a higher salary than its peer company?

The salary at Hanover Stringed Instrument Co is higher than its peer company. 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. How much does salary increase with years of experience at Hanover Stringed Instrument Co?

Salary progression with years of experience at Hanover Stringed Instrument Co 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 Hanover Stringed Instrument Co vary by office location?

Yes, it's very likely that salaries at Hanover Stringed Instrument Co 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 Concord section provides more context.

5. Does Hanover Stringed Instrument Co offer good benefits?

Hanover Stringed Instrument Co 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 Hanover Stringed Instrument Co" section on this page.