Magnetics Co Salary

Magnetics Co Salary

How much does the Magnetics Co Pay for employees?

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As of August 2026, the average hourly salary for employees at Magnetics Co in the United States is $43. This translates to an approximate annual wage of $89,173. Salaries at Magnetics Co typically range from $38 to $48 hourly, reflecting the diverse roles and experience levels within the company. Magnetics Co’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 Magnetics Co

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Is Magnetics Co’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetics Co’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)
Magnetics Co
MFG Durable
Tci Bay Interconnect Inc
Gill Bay Interconnect Inc
Industry Comparison
Our data shows that, on average, compensation at Magnetics Co is below the average for the U.S. MFG Durable industry by approximately 27%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnetics Co average annual salary with several similar companies. Magnetics Co average salary of $89,173 is lower than Tci Bay Interconnect Inc, which has an average salary of $99,647. It is lower than Gill Bay Interconnect Inc, with their average salary at $100,406. This places Magnetics Co in a developing position among its peers.
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Companies Similar to Magnetics Co and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnetics Co

Considering a career at Magnetics Co? 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 sheer diversity of manufacturing processes and products at keeps every day interesting. It’s a place where you can truly build a long-term career and feel secure in your role. The environment is clean and quiet. The leadership team is transparent and approachable, maintaining open communication channels.
Commented in May 17, 2025
43
0
The company’s recognition programs make employees feel appreciated and motivated to contribute their best. There's strong communication between shifts and departments. The company uses modern machinery and technology, improving productivity and job satisfaction. There's a real sense of community and mutual support among colleagues. The relatively it means you get to know everyone, fostering a stro...
Commented in January 20, 2025
28
3
The pace can be uneven depending on priorities. The company offers reasonable benefits and job stability but can be bureaucratic in decision-making. Hard work gets recognized. With great employee training programs and process tracking, production is fast and reliable.
Commented in February 11, 2024
50
2

Magnetics Co Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
500 S Spencer Rd. / Newton Kansas KS 67114
Revenue
<$5 Million
Phone Number
+1 8008352526
Social Media
About Magnetics Co
Magnetics Co 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 Newton, Kansas.

What Benefits Does Magnetics Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetics Co 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 Wichita?

Understanding the cost of living near Wichita is key to truly evaluating a salary offer or your current compensation at Magnetics Co.
Wichita's Cost of Living Index is approximately 82.1 (17.9% less expensive than US average; 8.5% less than KS average). Largest KS city, 'Air Capital', affordable housing. Wichita Transit. When planning your budget based on a salary from Magnetics Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Magnetics Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (Wichita Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,960 - $3,160+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetics Co

1. What is the average salary for employees at Magnetics Co?

The average total compensation for employees at Magnetics Co is approximately $43 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $38 to $48 per hour, depending on factors like job role, experience, and location.

2. How much does Magnetics Co pay compared to Tci Bay Interconnect Inc?

The average annual salary at Magnetics Co is $89,173, or an hourly wage of $43, in comparison to Tci Bay Interconnect Inc which pays $99,647 per year or $48 per hour.

3. How does having a professional certification impact salary for relevant roles at Magnetics Co?

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 Magnetics Co for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Magnetics Co offer cost-of-living adjustments (COLA) for employees in high-cost areas like Wichita?

While some companies offer formal COLA, many, including potentially Magnetics Co, 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 Magnetics Co?

Most companies, likely including Magnetics Co, 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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