Lou-Rich Inc Salary

How much does the Lou-Rich Inc Pay for employees?

As of August 2026, the average annual salary for employees at Lou-Rich Inc in the United States is $97,548. This translates to an approximate hourly wage of $47. Salaries at Lou-Rich Inc typically range from $85,826 to $110,233 annually, reflecting the diverse roles and experience levels within the company. Lou-Rich 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.

How Much Does Lou-Rich Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lou-Rich Inc. 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.
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Current Job Openings at Lou-Rich Inc

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

Is Lou-Rich Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lou-Rich 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
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Average Salary ($/year)
Lou-Rich Inc
MFG Durable
Panel Truss Texas Inc
Douglas Autotech Corp
Industry Comparison
Our data shows that, on average, compensation at Lou-Rich Inc is below the average for the U.S. MFG Durable industry by approximately 20%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lou-Rich Inc average annual salary with several similar companies. Lou-Rich Inc average salary of $97,548 is higher than Panel Truss Texas Inc, which has an average salary of $91,620. It is lower than Douglas Autotech Corp, with their average salary at $98,139. This places Lou-Rich Inc in a mid-range position among its peers.
See Your True Competitors
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.

Employee Reviews: Working at Lou-Rich Inc

Considering a career at Lou-Rich 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.
Cross-training opportunities help keep the job interesting and develop new skills. It’s a reliable workplace that respects time, values results, and celebrates milestones together as a team. Compensation and benefits are competitive, including profit sharing and excellent healthcare. A great example of how manufacturing should be managed at this scale.
I’ve worked here for years and still learn something new regularly. It helps me stay focused and efficient without feeling overwhelmed or burned out. It's gratifying to be part of an organization that consistently produces excellent products while maintaining such high standards for employee treatment and development. The commitment to quality here is inspiring. You’re given tools and basic direct...
Safety and quality are truly everyone's responsibility, not just management's. Management supports training and career growth opportunities consistently. Good benefits and competitive pay. Cross-functional collaboration is encouraged, providing exposure to different aspects of the business.

Lou-Rich Inc Overview

Website
www.lou-rich.com
Founded In
1972
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
505 W Front St Albert Lea Minnesota MN 56007
Revenue
$50 Million - $200 Million
Phone Number
+1 5073778910
Social Media
About Lou-Rich Inc
Lou-Rich, founded in 1972 and headquartered in Albert Lea, Minnesota, provides contract engineering and lean manufacturing services.

What Benefits Does Lou-Rich Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lou-Rich 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 Lou-Rich 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 Lou-Rich 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 Lou-Rich 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 Lou-Rich Inc

1. What is the average salary for employees at Lou-Rich Inc?

The average annual total compensation for employees at Lou-Rich Inc is approximately $97,548. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,826 to $110,233, depending on factors like job role, experience, and location.

2. How much does Lou-Rich Inc pay compared to Panel Truss Texas Inc?

The average annual salary at Lou-Rich Inc is $97,548, or an hourly wage of $47, in comparison to Panel Truss Texas Inc which pays $91,620 per year or $44 per hour.

3. What is the lowest salary at Lou-Rich Inc?

The lowest-paying job at Lou-Rich Inc is a Product Designer with a salary of $102,978 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Lou-Rich Inc?

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 Lou-Rich Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Lou-Rich Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?

While some companies offer formal COLA, many, including potentially Lou-Rich Inc, 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.

6. What's the typical process for salary reviews and raises at Lou-Rich Inc?

Most companies, likely including Lou-Rich Inc, 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.