Magnetic Peripherals Inc Salary

Magnetic Peripherals Inc Salary

How much does the Magnetic Peripherals Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Magnetic Peripherals Inc in the United States is $39. This translates to an approximate annual wage of $81,030. Salaries at Magnetic Peripherals Inc typically range from $34 to $44 hourly, reflecting the diverse roles and experience levels within the company. Magnetic Peripherals 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 Magnetic Peripherals Inc

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Is Magnetic Peripherals Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetic Peripherals 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)
Magnetic Peripherals Inc
MFG Durable
Midway Precision Products Inc
Master universal technology
Industry Comparison
Our data shows that, on average, compensation at Magnetic Peripherals Inc is below the average for the U.S. MFG Durable industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnetic Peripherals Inc average annual salary with several similar companies. Magnetic Peripherals Inc average salary of $81,030 is lower than Midway Precision Products Inc, which has an average salary of $97,347. It is lower than Master universal technology, with their average salary at $95,596. This places Magnetic Peripherals Inc in a developing position among its peers.
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Companies Similar to Magnetic Peripherals Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnetic Peripherals Inc

Considering a career at Magnetic Peripherals 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.
The work gets done efficiently, but there’s little emotional investment from the team. The career growth opportunities are outstanding. There’s pride in doing high-quality work. This predictability and fairness create a stable and trustworthy work environment where everyone feels they are treated equitably. I appreciate the company's focus on continuous improvement, not just in our products but in...
Commented in May 03, 2025
22
3
Employees here appreciate the company’s commitment to continuous improvement and innovation in manufacturing processes. Break areas could use improvement. Safety protocols are established but inconsistently applied in some areas. I’ve been promoted twice in five years because they reward performance and initiative. Overall, the company values employee wellbeing, supports professional growth, and f...
Commented in January 19, 2025
31
1
Workers feel valued and supported, and quality control standards remain top-notch. The facilities are impressively maintained, creating a professional work environment. Good benefits and retirement options. What I appreciate most is the emphasis on safety.
Commented in December 14, 2024
36
3
Onboarding process was smooth. The company truly values its employees and is committed to creating a safe, positive, and growth-focused work environment. Management is supportive and transparent, fostering trust and engagement. The team dynamic on the floor is excellent, and support from engineering and logistics is consistent. Everyone works together to hit goals. I’m proud to work here and contr...
Commented in July 10, 2024
23
3
It's a workplace committed to continuous improvement and accountability. There's immense pride in seeing our products in the market and knowing the collective effort that went into their creation. Great leadership at the plant. The company provides job stability and routine benefits but faces challenges with communication and collaboration between departments. Colleagues are supportive, and manage...
Commented in March 17, 2024
49
2

Magnetic Peripherals Inc Overview

Website
Data pending, update soon.
Founded In
1983
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
118 N Congress St Jackson Mississippi MS 39205
Revenue
<$5 Million
Phone Number
-
Social Media
About Magnetic Peripherals Inc
Magnetic Peripherals Inc is a company that operates in the Computer Hardware industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Jackson, Mississippi.

What Benefits Does Magnetic Peripherals Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetic Peripherals 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 Jackson?

Understanding the cost of living near Jackson is key to truly evaluating a salary offer or your current compensation at Magnetic Peripherals Inc.
Jackson's Cost of Living Index is approximately 78.4 (21.6% less expensive than US average; 8.8% less than MS average). State capital, very affordable housing. JATRAN. When planning your budget based on a salary from Magnetic Peripherals Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Magnetic Peripherals Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (JATRAN monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,000 - $3,210+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetic Peripherals Inc

1. What is the estimated average total compensation at Magnetic Peripherals Inc?

Salary.com estimates that the average total compensation package at Magnetic Peripherals Inc, which can include base salary, potential bonuses, and benefits, is around $39 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magnetic Peripherals Inc pay compared to Midway Precision Products Inc?

The average annual salary at Magnetic Peripherals Inc is $81,030, or an hourly wage of $39, in comparison to Midway Precision Products Inc which pays $97,347 per year or $47 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magnetic Peripherals Inc?

Salary progression from an entry-level to a senior role at Magnetic Peripherals Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Magnetic Peripherals Inc in Jackson is fair given the local cost of living?

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

5. Are promotions at Magnetic Peripherals Inc usually accompanied by a significant salary increase?

Yes, promotions at Magnetic Peripherals Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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