Magneforce Inc Salary

Magneforce Inc Salary

How much does the Magneforce Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Magneforce Inc in the United States is $84,637. This translates to an approximate hourly wage of $41. Salaries at Magneforce Inc typically range from $74,545 to $95,503 annually, reflecting the diverse roles and experience levels within the company. Magneforce 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 Magneforce Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magneforce 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.
How accurate does the salary look to you?

Current Job Openings at Magneforce Inc

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

Is Magneforce Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magneforce 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)
Magneforce Inc
MFG Durable
Bugh Inc
Toxalert International Inc
Industry Comparison
Our data shows that, on average, compensation at Magneforce Inc is below the average for the U.S. MFG Durable 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 Magneforce Inc average annual salary with several similar companies. Magneforce Inc average salary of $84,637 is lower than Bugh Inc, which has an average salary of $84,732. It is lower than Toxalert International Inc, with their average salary at $92,506. This places Magneforce Inc in a developing 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 Magneforce Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magneforce Inc

Considering a career at Magneforce 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.
Even under pressure, the team remains focused and effective. The company's commitment to local community partnerships adds meaning to our work beyond production numbers. The plant meets industry norms. The company fosters a strong culture of safety and teamwork, making it a secure and supportive place to work. The company invests heavily in state-of-the-art equipment and automation technology, mak...
Commented in April 29, 2025
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The company actively supports and consistently encourages employee involvement in various community arts programs, valuable media literacy initiatives, and diverse charitable endeavors. It's exciting to be part of a company that isn't afraid to invest in the future of manufacturing. Management listens to feedback. The facilities are clean, well-organized and equipped with advanced automation. ther...
Commented in February 20, 2025
42
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Managers treat employees with professionalism and respect. Expectations are communicated clearly, and leadership takes the time to support staff with resources and tools. The competitive wages and comprehensive benefits package show how much the company values its workforce. I’m proud to be part of this team. The manufacturing company offers stable employment with standard benefits, though workloa...
Commented in June 24, 2024
15
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Magneforce Inc Overview

Website
www.magneforce.com
Founded In
1986
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
155 Shaffer Dr NE Warren Ohio OH 44484
Revenue
<$5 Million
Phone Number
+1 3308569300
Social Media
About Magneforce Inc
Magneforce Inc. has been manufacturing quality induction heaters since 1986! We offer all the necessary components for a complete induction heating system. Call us today to discuss your heating application.

What Benefits Does Magneforce Inc Offer Beyond Salary?

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

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

The typical annual salary range for most roles at Magneforce Inc is approximately from $74,545 to $95,503. 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 Magneforce Inc pay compared to Bugh Inc?

The average annual salary at Magneforce Inc is $84,637, or an hourly wage of $41, in comparison to Bugh Inc which pays $84,732 per year or $41 per hour.

3. Do salaries differ significantly between departments at Magneforce Inc?

Yes, salaries often differ between departments at Magneforce 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 Magneforce Inc?

Experience level is a significant factor in determining salary at Magneforce 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 Magneforce Inc in Cleveland is fair given the local cost of living?

To determine if a salary offer from Magneforce Inc in Cleveland is fair, first compare the gross salary to our data for similar roles at Magneforce 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. What factors influence salary increases at Magneforce Inc?

Salary increases at Magneforce Inc 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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