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Magnelab Inc Salary

Magnelab Inc Salary

How much does the Magnelab Inc Pay for employees?

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As of October 2026, the average hourly salary for employees at Magnelab Inc in the United States is $45. This translates to an approximate annual wage of $93,613. Salaries at Magnelab Inc typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company. Magnelab 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 Magnelab Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnelab 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 Magnelab Inc

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

Is Magnelab Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnelab 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)
Magnelab Inc
MFG Durable
C & D Power Systems A Division of Allied
bear state transformer Co
Industry Comparison
Our data shows that, on average, compensation at Magnelab Inc is below the average for the U.S. MFG Durable industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnelab Inc average annual salary with several similar companies. Magnelab Inc average salary of $93,613 is higher than C & D Power Systems A Division of Allied, which has an average salary of $92,949. It is lower than bear state transformer Co, with their average salary at $102,062. This places Magnelab 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.

Companies Similar to Magnelab Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnelab Inc

Considering a career at Magnelab 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.
Career advancement opportunities are encouraged and supported. The company invests heavily in state-of-the-art equipment and automation technology, making our jobs safer and more efficient. Teams work collaboratively, fostering a supportive and inclusive culture. I always feel protected and informed on the job. Working in a modern and efficient environment makes the job more pleasant and boosts pr...
Commented in February 28, 2025
33
2
Recognition programs boost morale, making it a rewarding place to work and grow professionally. Results are consistent and reliable every day. Expectations are clear, and results are measured precisely. Communication between departments can be inconsistent, occasionally impacting productivity.
Commented in September 01, 2024
38
1
Problem-solving is encouraged and supported. I’ve moved from operator to supervisor in three years, which speaks to their belief in promoting from within. While that may be ideal for some, it can get boring. Processes are established, though rarely optimized. Safety standards are high, and equipment is well-maintained. Their support made me a better, more efficient employee over time. Facilities a...
Commented in July 21, 2024
33
0
Working here has its pros and cons. I feel fortunate to be part of this manufacturing team. The team environment is very collaborative, and leadership is approachable.
Commented in January 21, 2024
30
0

Magnelab Inc Overview

Website
www.magnelab.com
Founded In
1968
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
600 Weaver Park Rd Longmont Colorado CO 80501
Revenue
$10 Million - $50 Million
Phone Number
+1 3037729100
Social Media
About Magnelab Inc
Magnelab is a current transformer manufacturer founded in 1968 by Carl Forsberg in Boulder, Colorado. Under the original name of Magnetek, Carl began manufacturing simple antenna coils to complex military switching transformers from his home. In 1995, Solomon Corporation, manufacturer of current transformers, enclosers and regulators for electrical utilities and industries, purchased Magnelab. In

What Benefits Does Magnelab Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnelab 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 Boulder?

Understanding the cost of living near Boulder is key to truly evaluating a salary offer or your current compensation at Magnelab Inc.
Boulder's Cost of Living Index is approximately 144.7 (44.7% more expensive than US average; 37.4% more than CO average). Very desirable, high quality of life, University of CO, extremely high housing costs, strict development. When planning your budget based on a salary from Magnelab Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,900 - $2,800+ A significant portion of Magnelab Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $114 (RTD regional pass, HOP bus) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $680 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,494 - $5,374+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnelab Inc

1. How much does Magnelab Inc in the United States pay?

Magnelab Inc pays its employees an average of $45 per hour. The average salary at Magnelab Inc range from $40 to $51 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. Do Magnelab Inc employees get a higher salary than its peer company?

The salary at Magnelab Inc is higher than its peer company. The average annual salary at Magnelab Inc is $93,613, or an hourly wage of $45, in comparison to C & D Power Systems A Division of Allied which pays $92,949 per year or $45 per hour.

3. What are the highest paying jobs at Magnelab Inc?

The higher-paying job at Magnelab Inc, according to our data, include Vice President, Finance (avg. $112 per hour), Systems Manager, Information Technology (avg. $59 per hour), and Manager, QC (avg. $51 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Magnelab Inc?

Salary progression with years of experience at Magnelab Inc 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.

5. Do salaries at Magnelab Inc vary by office location?

Yes, it's very likely that salaries at Magnelab Inc 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 Boulder section provides more context.

6. Does Magnelab Inc offer good benefits?

Magnelab Inc 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 Magnelab Inc" section on this page.

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