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Magnet and Steel Salary

Magnet and Steel Salary

How much does the Magnet and Steel Pay for employees?

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As of October 2026, the average annual salary for employees at Magnet and Steel in the United States is $110,638. This translates to an approximate hourly wage of $53. Salaries at Magnet and Steel typically range from $97,280 to $125,158 annually, reflecting the diverse roles and experience levels within the company. Magnet and Steel’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.
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Current Job Openings at Magnet and Steel

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Is Magnet and Steel’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet and Steel’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)
Magnet and Steel
Retail & Wholesale
llcGodek Medical Sales & Associates LLC
D Medical Sales Assocs Inc
Industry Comparison
Our data shows that, on average, compensation at Magnet and Steel is below the average for the U.S. Retail & Wholesale industry by approximately 10%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnet and Steel average annual salary with several similar companies. Magnet and Steel average salary of $110,638 is higher than llcGodek Medical Sales & Associates LLC, which has an average salary of $110,269. It is higher than D Medical Sales Assocs Inc, with their average salary at $107,073. This places Magnet and Steel in a competitive position among its peers.
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How Magnet and Steel's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnet and Steel

Considering a career at Magnet and Steel? 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.
Training is provided, and supervisors are available for questions. The role a predictable routine. The company fosters collaboration and innovation. The leadership team is transparent about company goals, and employees are kept informed through regular updates.
Commented in March 16, 2025
43
2
The company operates smoothly, and tasks are well-distributed. The office environment is modern, and remote work options are available when needed. The team is motivated, and management is transparent about company goals. Everyone helps each other succeed. I appreciate the flexibility and supportive management here. The work-life balance is respected, and flexible scheduling options are available.
Commented in October 27, 2024
49
1
The company follows fair policies, and the team is cooperative. The employee discount program is a great perk, and the 401(k) match is a solid benefit. The workplace is well-organized, and communication is effective.
Commented in February 22, 2024
33
1

Magnet and Steel Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Retail & Wholesale
Headquarter Address
1238 Bedford Ave Brooklyn New York NY 11216
Revenue
<$5 Million
Phone Number
+1 7186224806
Social Media
About Magnet and Steel
Magnet and Steel is a company that operates in the Mining & Metals industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Brooklyn, New York.

What Benefits Does Magnet and Steel Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet and Steel 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 Brooklyn?

Understanding the cost of living near Brooklyn is key to truly evaluating a salary offer or your current compensation at Magnet and Steel.
Brooklyn (NYC borough) Cost of Living is extremely high, varies by neighborhood from very expensive to astronomically expensive. MTA subway/bus. When planning your budget based on a salary from Magnet and Steel, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,800 - $4,500+ A significant portion of Magnet and Steel salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $480 - $720 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $440 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,547 - $7,277+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet and Steel

1. What is the typical salary range (low to high) for most roles at Magnet and Steel?

The typical annual salary range for most roles at Magnet and Steel is approximately from $97,280 to $125,158. 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 Magnet and Steel pay compared to llcGodek Medical Sales & Associates LLC?

The average annual salary at Magnet and Steel is $110,638, or an hourly wage of $53, in comparison to llcGodek Medical Sales & Associates LLC which pays $110,269 per year or $53 per hour.

3. How does experience level affect salary at Magnet and Steel?

Experience level is a significant factor in determining salary at Magnet and Steel, 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.

4. How can I determine if a salary offer from Magnet and Steel in Brooklyn is fair given the local cost of living?

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

5. What are the key factors that influence salary levels at Magnet and Steel?

Several key factors influence salary levels at Magnet and Steel. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Magnet and Steel likely benchmarks its salaries against other companies in the Retail & Wholesale sector. You can explore how these factors play out in our detailed salary data.

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