Magnet Resources Inc Salary

Magnet Resources Inc Salary

How much does the Magnet Resources Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Magnet Resources Inc in the United States is $106,155. This translates to an approximate hourly wage of $51. Salaries at Magnet Resources Inc typically range from $93,276 to $120,134 annually, reflecting the diverse roles and experience levels within the company. Magnet Resources 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.
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Current Job Openings at Magnet Resources Inc

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

Is Magnet Resources Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Resources 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)
Magnet Resources Inc
Business Services
DMNews
K&P Benefits
Industry Comparison
Our data shows that, on average, compensation at Magnet Resources Inc is below the average for the U.S. Business Services industry by approximately 12%. 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 Resources Inc average annual salary with several similar companies. Magnet Resources Inc average salary of $106,155 is higher than DMNews, which has an average salary of $97,928. It is higher than K&P Benefits, with their average salary at $84,426. This places Magnet Resources Inc in a competitive position among its peers.
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How Magnet Resources Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnet Resources Inc

Considering a career at Magnet Resources 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.
Managers are approachable and prioritize employee well-being. It really depends on where you land. The company culture is fun and inclusive. Innovation is truly encouraged here.
Commented in May 22, 2025
42
3
Career progression requires time and persistence. Everyone is willing to lend a hand or share expertise, which cultivates a positive and highly productive atmosphere. Employee recognition and strong culture. Innovation is supported in theory and it is in practice. Management is great at celebrating wins, big or small. The company offers frequent learning. It feels like a true partnership working t...
Commented in April 10, 2025
31
3
There’s a clear structure and minimal surprises. Positive atmosphere encourages productivity. Encouraging feedback from management. Employee well-being is a priority, and that shows in daily interactions and company policies.
Commented in February 14, 2025
23
3
Benefits are average and consistent with industry standards. I was given significant responsibility early in my tenure, which accelerated my learning curve immensely. However, expectations are clear and deadlines are usually reasonable.
Commented in January 27, 2024
30
2

Magnet Resources Inc Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Business Services
Headquarter Address
38b Industrial Way East Eatontown New Jersey NJ 07724
Revenue
$5 Million - $10 Million
Phone Number
+1 7329351900
Social Media
About Magnet Resources Inc
Magnet Resources Inc is a company that operates in the Mining & Metals industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Eatontown, New Jersey.

What Benefits Does Magnet Resources Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Resources 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 Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at Magnet Resources Inc.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from Magnet Resources Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Magnet Resources Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Resources Inc

1. What is the estimated average total compensation at Magnet Resources Inc?

Salary.com estimates that the average total compensation package at Magnet Resources Inc, which can include base salary, potential bonuses, and benefits, is around $106,155 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magnet Resources Inc pay compared to DMNews?

The average annual salary at Magnet Resources Inc is $106,155, or an hourly wage of $51, in comparison to DMNews which pays $97,928 per year or $47 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magnet Resources Inc?

Salary progression from an entry-level to a senior role at Magnet Resources Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Magnet Resources Inc in Jersey City is fair given the local cost of living?

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

5. Are promotions at Magnet Resources Inc usually accompanied by a significant salary increase?

Yes, promotions at Magnet Resources Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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