Magnetics Corp Florida Division Salary

Magnetics Corp Florida Division Salary

How much does the Magnetics Corp Florida Division Pay for employees?

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As of August 2026, the average hourly salary for employees at Magnetics Corp Florida Division in the United States is $49. This translates to an approximate annual wage of $102,031. Salaries at Magnetics Corp Florida Division typically range from $43 to $55 hourly, reflecting the diverse roles and experience levels within the company. Magnetics Corp Florida Division’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 Corp Florida Division

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Is Magnetics Corp Florida Division’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetics Corp Florida Division’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 Corp Florida Division
MFG Durable
Rogers Dump Bodies
Alton Industry Ltd
Industry Comparison
Our data shows that, on average, compensation at Magnetics Corp Florida Division is below the average for the U.S. MFG Durable industry by approximately 16%. 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 Corp Florida Division average annual salary with several similar companies. Magnetics Corp Florida Division average salary of $102,031 is higher than Rogers Dump Bodies, which has an average salary of $85,576. It is higher than Alton Industry Ltd, with their average salary at $101,208. This places Magnetics Corp Florida Division in a competitive position among its peers.
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Companies Similar to Magnetics Corp Florida Division and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnetics Corp Florida Division

Considering a career at Magnetics Corp Florida Division? 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.
Team meetings are productive and keep everyone informed. Training is effective, and advancement is possible for those who show initiative. It’s not particularly innovative or fast-paced. Positive work culture motivates employees to perform well.
Commented in April 03, 2025
22
3
The company's global reach means exposure to diverse manufacturing challenges and solutions. Safety is paramount here, and it shows in everything we do. Whether you're new or learning a new process, they ensure you have the knowledge and skills to succeed. Management communicates expectations well and gives regular performance feedback. Tools and support are available, though innovation take hold ...
Commented in January 25, 2025
17
0
I like the routine and structure of the day. Weekly goals keep us motivated. It’s efficient but can feel impersonal. Coworkers are polite and it is somehow overly collaborative.
Commented in March 29, 2024
17
0

Magnetics Corp Florida Division Overview

Website
Data pending, update soon.
Founded In
1951
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
9730 Independence Ave Chatsworth California CA 91311
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Magnetics Corp Florida Division
Magnetics Corp Florida Division is a company that operates in the Electrical/Electronic Manufacturing industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Chatsworth, California.

What Benefits Does Magnetics Corp Florida Division Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetics Corp Florida Division 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 Los Angeles?

Understanding the cost of living near Los Angeles is key to truly evaluating a salary offer or your current compensation at Magnetics Corp Florida Division.
Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). Driven by extremely expensive housing, high transportation costs, and above-average goods/services. When planning your budget based on a salary from Magnetics Corp Florida Division, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Magnetics Corp Florida Division salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (Metro TAP card varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,050 - $6,450+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetics Corp Florida Division

1. What is the average salary for employees at Magnetics Corp Florida Division?

The average total compensation for employees at Magnetics Corp Florida Division is approximately $49 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $43 to $55 per hour, depending on factors like job role, experience, and location.

2. How much does Magnetics Corp Florida Division pay compared to Rogers Dump Bodies?

The average annual salary at Magnetics Corp Florida Division is $102,031, or an hourly wage of $49, in comparison to Rogers Dump Bodies which pays $85,576 per year or $41 per hour.

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

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

4. Does Magnetics Corp Florida Division offer cost-of-living adjustments (COLA) for employees in high-cost areas like Los Angeles?

While some companies offer formal COLA, many, including potentially Magnetics Corp Florida Division, 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 Corp Florida Division?

Most companies, likely including Magnetics Corp Florida Division, 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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