Magna-Power Electronics Salary

Magna-Power Electronics Salary

How Much Does Magna-Power Electronics Pay for employees?

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As of August 2026, the average hourly salary for employees at Magna-Power Electronics in the United States is $38. This translates to an approximate annual wage of $79,875. Salaries at Magna-Power Electronics typically range from $34 to $44 hourly, reflecting the diverse roles and experience levels within the company. Magna-Power Electronics’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 Magna-Power Electronics Pay for Different Roles?

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.

Lead iOS Developer [Remote, NO C2C]

$109 / hour

Salary Range: $95 - $127

Product Development

Technical Documentation Writer (Freelance Contract, Remote)

$58 / hour

Salary Range: $51 - $68

Technical Recruitment

Content Strategist / UX Writer - Medical Exp. (Contract, Remote)

$29 / hour

Salary Range: $26 - $32

Medical

iOS Developer + Object C (no C2C)

$52 / hour

Salary Range: $47 - $57

Software Development

Social Media Manager

$25 / hour

Salary Range: $23 - $29

Customer Service

UX Design Systems Writer ( No C2C)

$58 / hour

Salary Range: $51 - $65

User Interface Design and Development

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Magna-Power Electronics.
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About Magna-Power Electronics: Company Profile

Website
www.magna-power.com
Founded In
1981
Employees
100 - 200 employees
Industry
Retail & Wholesale
Headquarter Location
FLEMINGTON
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Magna-Power Electronics's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Coworkers are easy to work with. It’s a reliable retail job. Career growth opportunities are a highlight here. The work culture is inclusive, and leadership is transparent.
Commented in May 23, 2025
15
2
Colleagues are talented and supportive, making teamwork seamless. The company invests in employee training, and promotions are fair. Regular training sessions provided. The company culture is inclusive, and there are regular team-building activities. Colleagues are friendly, and schedules are flexible.
Commented in January 28, 2025
41
1
There are plenty of opportunities to learn and grow. Great company with a strong reputation in retail. The leadership team is transparent and supportive. The company invests in employee development with regular training. There’s a strong sense of teamwork, and I’ve made lasting friendships here. The benefits are standard, and the work is predictable. Benefits like bonuses, health plans, and profes...
Commented in January 15, 2025
44
0
Not the most exciting, but reliable. The company fosters a positive work environment. The company also supports community initiatives, which adds to its positive reputation. I’ve had a great experience and would recommend it.
Commented in September 16, 2024
45
2
The wholesale operations are streamlined, and teamwork is emphasized. Good employee discounts and perks. The employee discount program is a great perk, and the 401(k) match is a solid benefit. Colleagues are helpful, and the workload is predictable.
Commented in February 12, 2024
10
1

How Magna-Power Electronics's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Magna-Power Electronics’s pay competitiveness. Click on a company for a deeper dive.

Is Magna-Power Electronics’s Pay Competitive? Salary Benchmarking Analysis

How does Magna-Power Electronics’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Magna-Power Electronics
Retail & Wholesale
MCRINC
MAGNUM SALES
Industry Comparison
Our data shows that, on average, compensation at Magna-Power Electronics is below the average for the U.S. Retail & Wholesale industry by approximately 35%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magna-Power Electronics average annual salary with several similar companies. Magna-Power Electronics average salary of $79,875 is higher than MCRINC, which has an average salary of $68,477. It is higher than MAGNUM SALES, with their average salary at $68,258. This places Magna-Power Electronics in a competitive position among its peers.
See Your True Competitors
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What Is the Cost of Living Near Somerset?

Understanding the cost of living near Somerset is key to truly evaluating a salary offer or your current compensation at Magna-Power Electronics.
Somerset (Franklin Twp) Cost of Living Index is approx. 115-120. Middlesex/Somerset Co., housing above US avg. NJ Transit. When planning your budget based on a salary from Magna-Power Electronics, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,400+ A significant portion of Magna-Power Electronics salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation NJ Transit bus/rail (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $670 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,140 - $4,800+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Magna-Power Electronics

FAQ 1: What is the average salary for employees at Magna-Power Electronics?
The average total compensation for employees at Magna-Power Electronics is approximately $38 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $34 to $44 per hour, depending on factors like job role, experience, and location.
FAQ 2: How much does Magna-Power Electronics pay compared to MCRINC?
The average annual salary at Magna-Power Electronics is $79,875, or an hourly wage of $38, in comparison to MCRINC which pays $68,477 per year or $33 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Magna-Power Electronics?
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 Magna-Power Electronics for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Magna-Power Electronics offer cost-of-living adjustments (COLA) for employees in high-cost areas like Somerset?
While some companies offer formal COLA, many, including potentially Magna-Power Electronics, 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.
FAQ 5: What's the typical process for salary reviews and raises at Magna-Power Electronics?
Most companies, likely including Magna-Power Electronics, 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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