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Innovative Electronics Inc Salary

Innovative Electronics Inc Salary

How much does the Innovative Electronics Inc Pay for employees?

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As of September 2026, the average hourly salary for employees at Innovative Electronics Inc in the United States is $49. This translates to an approximate annual wage of $102,189. Salaries at Innovative Electronics Inc typically range from $43 to $56 hourly, reflecting the diverse roles and experience levels within the company. Innovative Electronics Inc’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 Innovative Electronics Inc

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Is Innovative Electronics Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Electronics Inc’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
180k
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Average Salary ($/year)
Innovative Electronics Inc
Retail & Wholesale
Professional Assembly & Mfg Co. Inc
Good Electronic Inc
Industry Comparison
Our data shows that, on average, compensation at Innovative Electronics Inc is below the average for the U.S. Retail & Wholesale industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Innovative Electronics Inc average annual salary with several similar companies. Innovative Electronics Inc average salary of $102,189 is higher than Professional Assembly & Mfg Co. Inc, which has an average salary of $84,838. It is higher than Good Electronic Inc, with their average salary at $101,113. This places Innovative Electronics Inc in a competitive position among its peers.
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Companies Similar to Innovative Electronics Inc and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Innovative Electronics Inc. Click a company name to learn more.

Employee Reviews: Working at Innovative Electronics Inc

Considering a career at Innovative Electronics Inc? 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.
Compensation is competitive, and benefits like health insurance and performance bonuses are appreciated. The workload is manageable, and the teams are structured well. Coworkers are collaborative, and there’s a strong emphasis on teamwork. I’ve had a rewarding experience working here. Overall, it’s a fantastic place to grow your career while feeling valued.
Commented in March 31, 2025
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Leadership is transparent and approachable, making it easy to voice ideas or concerns. The Retail side is busy but rewarding, and the company offers good perks. The company stays ahead of industry trends, making it an exciting place to grow. The Wholesale division offers consistent work, and the hours are predictable. The pay is competitive, and there are frequent recognition programs for top perf...
Commented in November 06, 2024
36
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Managers are approachable, and employees are treated with respect. Tasks are straightforward. The company has consistent work hours.
Commented in June 23, 2024
22
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Flexible scheduling is a plus, and the company supports a healthy work-life balance. There are occasional training sessions to keep skills updated. The leadership team is forward-thinking and fosters innovation in the retail sector. The company values employee feedback, which I appreciate. The leadership team is motivating, and the work environment is positive. Leadership here truly listens to emp...
Commented in June 09, 2024
24
0
Average experience. Career growth is possible but requires proactive effort. The company operates efficiently with clear processes. The company is well-established in the retail industry. The work environment is dynamic, and the benefits are above average.
Commented in February 26, 2024
17
1

Innovative Electronics Inc Overview

Website
www.innovativeelectronics.us
Founded In
1986
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
10637 Johnson Rd Minneapolis Minnesota MN 55437
Revenue
<$5 Million
Phone Number
-
Social Media
About Innovative Electronics Inc
Innovative Electronics Inc is a company that operates in the Electrical/Electronic Manufacturing industry. It employs 51-100 people and has $1M-$5M of revenue. The company is headquartered in Minneapolis, Minnesota.

What Benefits Does Innovative Electronics Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovative Electronics Inc 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Innovative Electronics Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Innovative Electronics Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Innovative Electronics Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovative Electronics Inc

1. What is the average salary for employees at Innovative Electronics Inc?

The average total compensation for employees at Innovative Electronics Inc is approximately $49 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $43 to $56 per hour, depending on factors like job role, experience, and location.

2. How much does Innovative Electronics Inc pay compared to Professional Assembly & Mfg Co. Inc?

The average annual salary at Innovative Electronics Inc is $102,189, or an hourly wage of $49, in comparison to Professional Assembly & Mfg Co. Inc which pays $84,838 per year or $41 per hour.

3. How does having a professional certification impact salary for relevant roles at Innovative Electronics Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Innovative Electronics Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Innovative Electronics Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?

While some companies offer formal COLA, many, including potentially Innovative Electronics Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Innovative Electronics Inc?

Most companies, likely including Innovative Electronics Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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