MagnaDrive Corp Salary

MagnaDrive Corp Salary

How much does the MagnaDrive Corp Pay for employees?

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As of July 2026, the average annual salary for employees at MagnaDrive Corp in the United States is $97,295. This translates to an approximate hourly wage of $47. Salaries at MagnaDrive Corp typically range from $85,688 to $109,782 annually, reflecting the diverse roles and experience levels within the company. MagnaDrive Corp’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 MagnaDrive Corp Pay for Different Roles?

Explore detailed salary information for specific jobs at MagnaDrive Corp. 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 MagnaDrive Corp

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

Is MagnaDrive Corp’s Pay Competitive? Salary Benchmarking Analysis

How does MagnaDrive Corp’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)
MagnaDrive Corp
MFG Durable
Hi-Sun Bearings
Valor Ventures
Industry Comparison
Our data shows that, on average, compensation at MagnaDrive Corp 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 MagnaDrive Corp average annual salary with several similar companies. MagnaDrive Corp average salary of $97,295 is lower than Hi-Sun Bearings, which has an average salary of $97,875. It is higher than Valor Ventures, with their average salary at $89,036. This places MagnaDrive Corp 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 MagnaDrive Corp's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at MagnaDrive Corp

Considering a career at MagnaDrive Corp? 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 company invests in training and technology, creating a workplace that supports efficiency, safety, and employee growth. Teams collaborate well, and there’s a strong emphasis on keeping everything running efficiently. Job stability is a real plus. Training is offered but can lack customization.
Commented in February 24, 2025
38
0
Management is supportive, encouraging employees to develop new skills through ongoing training and education. Tasks are assigned clearly, and performance expectations are measurable. Leadership supports employee growth through regular training and mentoring programs. The company invests in modern equipment and ongoing training programs to enhance skills. Managers are often on the floor, talking to...
Commented in June 01, 2024
15
3
A clean, safe facility with well-maintained equipment. This manufacturing firm excels at blending tradition with innovation. Workplace culture is fine, but nothing especially stands out. There’s a lot of pride in the products we create.
Commented in February 12, 2024
25
2

MagnaDrive Corp Overview

Website
www.magnadrive.com
Founded In
1999
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
14660 NE North Woodinville Way Woodinville Washington WA 98072
Revenue
$5 Million - $10 Million
Phone Number
+1 4254634700
Social Media
About MagnaDrive Corp
MagnaDrive Corporation was founded in 1999 in Bellevue, Washington. MagnaDrive's patented technology uses high power Neodymium-Iron-Boron permanent magnets to create an induced electromotive force used for torque transfer. The system physically separates the two elements of the motor system, placing magnet discs on the load shaft and a conductor assembly on the motor shaft. Motor torque is transfe

What Benefits Does MagnaDrive Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. MagnaDrive Corp 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 Seattle?

Understanding the cost of living near Seattle is key to truly evaluating a salary offer or your current compensation at MagnaDrive Corp.
Seattle's Cost of Living Index is approximately 152.7 (52.7% more expensive than US average; 36.8% more than WA average). Major tech hub (Amazon, Microsoft nearby), extremely high housing costs. King County Metro, Sound Transit. When planning your budget based on a salary from MagnaDrive Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,000 - $3,000+ A significant portion of MagnaDrive Corp salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $99 (ORCA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $500 - $750 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $430 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,709 - $5,779+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MagnaDrive Corp

1. What is the typical salary range (low to high) for most roles at MagnaDrive Corp?

The typical annual salary range for most roles at MagnaDrive Corp is approximately from $85,688 to $109,782. 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 MagnaDrive Corp pay compared to Hi-Sun Bearings?

The average annual salary at MagnaDrive Corp is $97,295, or an hourly wage of $47, in comparison to Hi-Sun Bearings which pays $97,875 per year or $47 per hour.

3. Do salaries differ significantly between departments at MagnaDrive Corp?

Yes, salaries often differ between departments at MagnaDrive Corp 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 MagnaDrive Corp?

Experience level is a significant factor in determining salary at MagnaDrive Corp, 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 MagnaDrive Corp in Seattle is fair given the local cost of living?

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

6. What factors influence salary increases at MagnaDrive Corp?

Salary increases at MagnaDrive Corp are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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