Mag-Nif Inc Salary

Mag-Nif Inc Salary

How much does the Mag-Nif Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Mag-Nif Inc in the United States is $95,006. This translates to an approximate hourly wage of $46. Salaries at Mag-Nif Inc typically range from $83,700 to $107,282 annually, reflecting the diverse roles and experience levels within the company. Mag-Nif 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 Mag-Nif Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Mag-Nif 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 Mag-Nif Inc

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

Is Mag-Nif Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Mag-Nif 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
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Mag-Nif Inc
MFG Nondurable
Bil-Jac
Indage Ltd
Industry Comparison
Our data shows that, on average, compensation at Mag-Nif Inc is below the average for the U.S. MFG Nondurable industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Mag-Nif Inc average annual salary with several similar companies. Mag-Nif Inc average salary of $95,006 is higher than Bil-Jac, which has an average salary of $92,833. It is lower than Indage Ltd, with their average salary at $96,630. This places Mag-Nif 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.

How Mag-Nif Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Mag-Nif Inc

Considering a career at Mag-Nif 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.
Advancement is based on merit, not just tenure. Support staff are competent but overstretched. Everyone knows their role and executes it well. Safety practices meet regulations but lack extra initiatives.
Commented in March 02, 2025
20
1
I appreciate the company’s dedication to maintaining a structured and safe work environment. It’s a dynamic and engaging workplace where your contributions are recognized and appreciated by a supportive team. There’s a strong sense of unity and shared purpose among coworkers. Employees are encouraged to participate in improvement processes. We know we’re making essential products, and the company ...
Commented in February 23, 2025
12
2
The company is innovative and always looking for better ways to do things. What stands out most about working here is the commitment to quality and innovation. Training is sufficient but could be more comprehensive. The work environment is respectful and inclusive, with a strong focus on safety and quality.
Commented in February 13, 2024
15
2

Mag-Nif Inc Overview

Website
www.magnif.com
Founded In
1963
Employees
50 - 100 employees
Industry
MFG Nondurable
Headquarter Address
8820 East Ave Mentor Ohio OH 44060
Revenue
$10 Million - $50 Million
Phone Number
+1 4402559366
Social Media
About Mag-Nif Inc
Founded in 1963 as an American manufacturer of consumer products, Mag-Nif Incorporated has grown since then into the nation's largest producer of animated coin sorting banks. From the simplest of coin storage banks to the very intricate, automated sorting devices, Mag-Nif takes great pride in introducing creative and innovative products made in the U.S.A. Over the years, Mag-Nif has produced a wid

What Benefits Does Mag-Nif Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Mag-Nif 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 Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Mag-Nif Inc.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Mag-Nif Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Mag-Nif Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Mag-Nif Inc

1. What is the typical salary range (low to high) for most roles at Mag-Nif Inc?

The typical annual salary range for most roles at Mag-Nif Inc is approximately from $83,700 to $107,282. 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. How much does Mag-Nif Inc pay compared to Bil-Jac?

The average annual salary at Mag-Nif Inc is $95,006, or an hourly wage of $46, in comparison to Bil-Jac which pays $92,833 per year or $45 per hour.

3. Do salaries differ significantly between departments at Mag-Nif Inc?

Yes, salaries often differ between departments at Mag-Nif Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Mag-Nif Inc?

Experience level is a significant factor in determining salary at Mag-Nif Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Mag-Nif Inc in Cleveland is fair given the local cost of living?

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

6. Are the salaries listed for Mag-Nif Inc on Salary.com pre-tax or after-tax?

All salary figures displayed for Mag-Nif Inc, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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