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Lockwood Motors Salary

Lockwood Motors Salary

How much does the Lockwood Motors Pay for employees?

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As of August 2026, the average annual salary for employees at Lockwood Motors in the United States is $86,409. This translates to an approximate hourly wage of $42. Salaries at Lockwood Motors typically range from $75,947 to $97,807 annually, reflecting the diverse roles and experience levels within the company. Lockwood Motors’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.

How Much Does Lockwood Motors Pay for Different Roles?

Explore detailed salary information for specific jobs at Lockwood Motors. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
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.
How accurate does the salary look to you?

Current Job Openings at Lockwood Motors

Ready for your next career move? Explore current job openings at Lockwood Motors. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Lockwood Motors’s Pay Competitive? Salary Benchmarking Analysis

How does Lockwood Motors’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
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Average Salary ($/year)
Lockwood Motors
Retail & Wholesale
Bridge Toyota
AG-Industrial Inc
Industry Comparison
Our data shows that, on average, compensation at Lockwood Motors is below the average for the U.S. Retail & Wholesale industry by approximately 30%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lockwood Motors average annual salary with several similar companies. Lockwood Motors average salary of $86,409 is lower than Bridge Toyota, which has an average salary of $90,133. It is lower than AG-Industrial Inc, with their average salary at $91,483. This places Lockwood Motors in a developing 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 Lockwood Motors's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Lockwood Motors

Considering a career at Lockwood Motors? 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 retail team is energetic, and management listens to feedback. The leadership team is accessible and open to feedback, which is rare in this industry. Great place for career-driven individuals. The employee recognition programs are a nice touch.
Commented in February 03, 2025
40
2
It’s a reliable job with standard industry benefits. Not much to complain about, but nothing extraordinary either. The benefits are great, and the leadership team is inspiring. There’s a real sense of teamwork.
Commented in September 04, 2024
11
1
I’ve learned a lot and have been promoted twice. The company follows industry standards, making it a reliable employer. Career growth opportunities are available. Career growth is encouraged. I’ve had a positive experience and would recommend it to others in the industry. The benefits package is one of the best in the industry.
Commented in July 26, 2024
8
3
The training programs are robust, ensuring everyone is equipped to succeed. The retail side can be demanding, but the supportive culture makes it manageable. The leadership team is motivating, and the work environment is positive. I’ve learned a lot and feel valued in my role. The work environment is stable, and processes are well-defined.
Commented in February 15, 2024
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Lockwood Motors Overview

Website
www.lockwoodmotors.com
Founded In
1935
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
1310 E College Dr Marshall Minnesota MN 56258
Revenue
$10 Million - $50 Million
Phone Number
+1 5075371526
Social Media
About Lockwood Motors
Lockwood Motors is a company that operates in the Automotive industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Marshall, Minnesota.

What Benefits Does Lockwood Motors Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lockwood Motors 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 Lockwood Motors.
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 Lockwood Motors, 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 Lockwood Motors 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 Lockwood Motors

1. How much does a Lockwood Motors employee make?

Lockwood Motors pays its employees an average of $86,409 per year. The average salary at Lockwood Motors range from $75,947 to $97,807 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Lockwood Motors?

The salary at Lockwood Motors is lesser than the similar company. The average annual salary at Lockwood Motors is $86,409, or an hourly wage of $42, in comparison to Bridge Toyota which pays $90,133 per year or $43 per hour.

3. How much does a President typically earn at Lockwood Motors?

A President at Lockwood Motors typically earns an average annual base salary of around $668,883, with a general range of $511,505 to $843,849.

4. Do employees with advanced degrees (Master's, PhD) earn more at Lockwood Motors?

In many roles at Lockwood Motors, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Lockwood Motors salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Lockwood Motors based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Lockwood Motors typically offer employees?

Lockwood Motors generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Lockwood Motors" section on this page.

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