Innovative Electronics Inc Salary

Innovative Electronics Inc Salary

How much does the Innovative Electronics Inc Pay for employees?

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As of July 2026, the average annual salary for employees at Innovative Electronics Inc in the United States is $102,189. This translates to an approximate hourly wage of $49. Salaries at Innovative Electronics Inc typically range from $89,830 to $115,647 annually, reflecting the diverse roles and experience levels within the company. Innovative Electronics 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 Innovative Electronics Inc

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Is Innovative Electronics Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Electronics Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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Average Salary ($/year)
Innovative Electronics Inc
Retail & Wholesale
Professional Assembly & Mfg Co. Inc
Good Electronic Inc
Industry Comparison
Our data shows that, on average, compensation at Innovative Electronics Inc is below the average for the U.S. Retail & Wholesale industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Innovative Electronics Inc average annual salary with several similar companies. Innovative Electronics Inc average salary of $102,189 is higher than Professional Assembly & Mfg Co. Inc, which has an average salary of $84,838. It is higher than Good Electronic Inc, with their average salary at $101,113. This places Innovative Electronics Inc in a competitive position among its peers.
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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.

How Innovative Electronics Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Innovative Electronics Inc

Considering a career at Innovative Electronics 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.
Compensation is competitive, and benefits like health insurance and performance bonuses are appreciated. The workload is manageable, and the teams are structured well. Coworkers are collaborative, and there’s a strong emphasis on teamwork. I’ve had a rewarding experience working here. Overall, it’s a fantastic place to grow your career while feeling valued.
Commented in March 31, 2025
33
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Leadership is transparent and approachable, making it easy to voice ideas or concerns. The Retail side is busy but rewarding, and the company offers good perks. The company stays ahead of industry trends, making it an exciting place to grow. The Wholesale division offers consistent work, and the hours are predictable. The pay is competitive, and there are frequent recognition programs for top perf...
Commented in November 06, 2024
36
1
Managers are approachable, and employees are treated with respect. Tasks are straightforward. The company has consistent work hours.
Commented in June 23, 2024
22
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Flexible scheduling is a plus, and the company supports a healthy work-life balance. There are occasional training sessions to keep skills updated. The leadership team is forward-thinking and fosters innovation in the retail sector. The company values employee feedback, which I appreciate. The leadership team is motivating, and the work environment is positive. Leadership here truly listens to emp...
Commented in June 09, 2024
24
0
Average experience. Career growth is possible but requires proactive effort. The company operates efficiently with clear processes. The company is well-established in the retail industry. The work environment is dynamic, and the benefits are above average.
Commented in February 26, 2024
17
1

Innovative Electronics Inc Overview

Website
www.innovativeelectronics.us
Founded In
1986
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
10637 Johnson Rd Minneapolis Minnesota MN 55437
Revenue
<$5 Million
Phone Number
-
Social Media
About Innovative Electronics Inc
Innovative Electronics 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 Innovative Electronics Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovative Electronics 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 Innovative Electronics 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 Innovative Electronics 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 Innovative Electronics 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 Innovative Electronics Inc

1. What is the estimated average total compensation at Innovative Electronics Inc?

Salary.com estimates that the average total compensation package at Innovative Electronics Inc, which can include base salary, potential bonuses, and benefits, is around $102,189 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Innovative Electronics Inc pay compared to Professional Assembly & Mfg Co. Inc?

The average annual salary at Innovative Electronics Inc is $102,189, or an hourly wage of $49, in comparison to Professional Assembly & Mfg Co. Inc which pays $84,838 per year or $41 per hour.

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

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

To determine if a salary offer from Innovative Electronics Inc in Minneapolis is fair, first compare the gross salary to our data for similar roles at Innovative Electronics 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 Innovative Electronics Inc usually accompanied by a significant salary increase?

Yes, promotions at Innovative Electronics 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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