Proprietary Magnetics Inc Salary

Proprietary Magnetics Inc Salary

How much does the Proprietary Magnetics Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Proprietary Magnetics Inc in the United States is $47. This translates to an approximate annual wage of $98,139. Salaries at Proprietary Magnetics Inc typically range from $42 to $53 hourly, reflecting the diverse roles and experience levels within the company. Proprietary Magnetics 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 Proprietary Magnetics Inc

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Is Proprietary Magnetics Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Proprietary Magnetics 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)
Proprietary Magnetics Inc
MFG Durable
OSEMI Inc
Morning Pride Manufacturing LLC
Industry Comparison
Our data shows that, on average, compensation at Proprietary Magnetics Inc is below the average for the U.S. MFG Durable industry by approximately 19%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Proprietary Magnetics Inc average annual salary with several similar companies. Proprietary Magnetics Inc average salary of $98,139 is higher than OSEMI Inc, which has an average salary of $87,021. It is lower than Morning Pride Manufacturing LLC, with their average salary at $98,835. This places Proprietary Magnetics Inc in a mid-range position among its peers.
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Companies Similar to Proprietary Magnetics Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Proprietary Magnetics Inc

Considering a career at Proprietary Magnetics 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.
I come in, do my job, and leave without too many issues. I genuinely look forward to coming to work each day. Work-life balance is respected through predictable scheduling and reasonable overtime policies. The company's commitment to local community partnerships adds meaning to our work beyond production numbers.
Commented in April 12, 2025
13
3
Working here has changed my perspective on manufacturing careers. 0 technologies. It’s a well-run operation with strong values and clear communication across all levels. The benefits are reasonable, and the work is rarely overwhelming. It's motivating to work for an organization that truly values its people. We meet goals without burnout, and coworkers respect each other’s efforts. Teamwork is hig...
Commented in March 24, 2025
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The plant meets industry norms. Colleagues are supportive, and management is always willing to listen to concerns and ideas. It’s a place where you can truly build a long-term career and feel secure in your role. For a company they ensure everyone feels fairly rewarded for their hard work and dedication. The environment is clean and quiet.
Commented in February 15, 2024
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Proprietary Magnetics Inc Overview

Website
Data pending, update soon.
Founded In
1981
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
5207 Zenith Ave S Minneapolis Minnesota MN 55410
Revenue
<$5 Million
Phone Number
-
Social Media
About Proprietary Magnetics Inc
Proprietary Magnetics Inc 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 Minneapolis, Minnesota.

What Benefits Does Proprietary Magnetics Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Proprietary Magnetics 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Proprietary Magnetics Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Proprietary Magnetics Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Proprietary Magnetics Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Proprietary Magnetics Inc

1. What is the estimated average total compensation at Proprietary Magnetics Inc?

Salary.com estimates that the average total compensation package at Proprietary Magnetics Inc, which can include base salary, potential bonuses, and benefits, is around $47 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Proprietary Magnetics Inc pay compared to OSEMI Inc?

The average annual salary at Proprietary Magnetics Inc is $98,139, or an hourly wage of $47, in comparison to OSEMI Inc which pays $87,021 per year or $42 per hour.

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

Salary progression from an entry-level to a senior role at Proprietary Magnetics 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 Proprietary Magnetics Inc in Minneapolis is fair given the local cost of living?

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

5. Are promotions at Proprietary Magnetics Inc usually accompanied by a significant salary increase?

Yes, promotions at Proprietary Magnetics 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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