Lou-Rich Inc Salary

How much does the Lou-Rich Inc Pay for employees?

As of August 2026, the average hourly salary for employees at Lou-Rich Inc in the United States is $47. This translates to an approximate annual wage of $97,548. Salaries at Lou-Rich Inc typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company. Lou-Rich 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.

How Much Does Lou-Rich Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lou-Rich Inc. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
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 Lou-Rich Inc

Ready for your next career move? Explore current job openings at Lou-Rich Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Lou-Rich Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lou-Rich 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
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Average Salary ($/year)
Lou-Rich Inc
MFG Durable
Panel Truss Texas Inc
Douglas Autotech Corp
Industry Comparison
Our data shows that, on average, compensation at Lou-Rich Inc is below the average for the U.S. MFG Durable industry by approximately 20%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lou-Rich Inc average annual salary with several similar companies. Lou-Rich Inc average salary of $97,548 is higher than Panel Truss Texas Inc, which has an average salary of $91,620. It is lower than Douglas Autotech Corp, with their average salary at $98,139. This places Lou-Rich Inc in a mid-range 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 Lou-Rich Inc

Considering a career at Lou-Rich 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.
Cross-training opportunities help keep the job interesting and develop new skills. It’s a reliable workplace that respects time, values results, and celebrates milestones together as a team. Compensation and benefits are competitive, including profit sharing and excellent healthcare. A great example of how manufacturing should be managed at this scale.
I’ve worked here for years and still learn something new regularly. It helps me stay focused and efficient without feeling overwhelmed or burned out. It's gratifying to be part of an organization that consistently produces excellent products while maintaining such high standards for employee treatment and development. The commitment to quality here is inspiring. You’re given tools and basic direct...
Safety and quality are truly everyone's responsibility, not just management's. Management supports training and career growth opportunities consistently. Good benefits and competitive pay. Cross-functional collaboration is encouraged, providing exposure to different aspects of the business.

Lou-Rich Inc Overview

Website
www.lou-rich.com
Founded In
1972
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
505 W Front St Albert Lea Minnesota MN 56007
Revenue
$50 Million - $200 Million
Phone Number
+1 5073778910
Social Media
About Lou-Rich Inc
Lou-Rich, founded in 1972 and headquartered in Albert Lea, Minnesota, provides contract engineering and lean manufacturing services.

What Benefits Does Lou-Rich Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lou-Rich 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 Lou-Rich 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 Lou-Rich 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 Lou-Rich 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 Lou-Rich Inc

1. What is the typical salary range (low to high) for most roles at Lou-Rich Inc?

The typical salary range for most roles at Lou-Rich Inc is approximately from $41 to $53 per hour. 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. How much does Lou-Rich Inc pay compared to Panel Truss Texas Inc?

The average annual salary at Lou-Rich Inc is $97,548, or an hourly wage of $47, in comparison to Panel Truss Texas Inc which pays $91,620 per year or $44 per hour.

3. Do salaries differ significantly between departments at Lou-Rich Inc?

Yes, salaries often differ between departments at Lou-Rich Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Lou-Rich Inc?

Experience level is a significant factor in determining salary at Lou-Rich Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Lou-Rich Inc in Minneapolis is fair given the local cost of living?

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

6. Why might an individual's actual salary at Lou-Rich Inc differ from the ranges shown here?

An individual's actual salary at Lou-Rich Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.