Magneto Power LLC Salary

Magneto Power LLC Salary

How much does the Magneto Power LLC Pay for employees?

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As of August 2026, the average annual salary for employees at Magneto Power LLC in the United States is $104,562. This translates to an approximate hourly wage of $50. Salaries at Magneto Power LLC typically range from $91,901 to $118,354 annually, reflecting the diverse roles and experience levels within the company. Magneto Power LLC’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 Magneto Power LLC

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Is Magneto Power LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Magneto Power LLC’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)
Magneto Power LLC
Retail & Wholesale
J V Industrial Companies Ltd
Operation Reach
Industry Comparison
Our data shows that, on average, compensation at Magneto Power LLC is below the average for the U.S. Retail & Wholesale industry by approximately 15%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magneto Power LLC average annual salary with several similar companies. Magneto Power LLC average salary of $104,562 is higher than J V Industrial Companies Ltd, which has an average salary of $99,995. It is higher than Operation Reach, with their average salary at $100,870. This places Magneto Power LLC in a competitive position among its peers.
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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 Magneto Power LLC's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magneto Power LLC

Considering a career at Magneto Power LLC? 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.
Leadership communicates vision clearly, and teamwork is emphasized. While there aren’t many flashy benefits, the basics are covered. There are occasional training sessions, which are useful. The location is convenient, and the facilities are well-maintained. The company offers great perks, including health benefits and employee discounts. The pay is competitive for the industry.
Commented in March 27, 2025
20
2
Management communicates expectations clearly. I’ve had multiple opportunities to take on leadership roles, which has accelerated my career growth. The company provides a nice work environment with standard industry benefits. The job provides a steady routine with fair expectations. Benefits like paid time off, health coverage, and tuition reimbursement add value.
Commented in February 08, 2025
18
1
There’s always something new to learn, and the leadership team encourages innovation. There are occasional team-building events, which add a nice touch. The work environment is positive, and leadership is transparent. The retail staff is motivated, and management is responsive. Great team culture.
Commented in October 10, 2024
11
2
The company has a solid reputation in the Retail & Wholesale industry. The benefits here are competitive, and the team is collaborative. Supportive management and good work-life balance. I’ve grown professionally here. Well-structured training programs.
Commented in May 11, 2024
32
0
It has a standard retail hours. The wholesale side is structured, making daily tasks predictable. The culture is collaborative, and the leadership team genuinely cares about employee growth.
Commented in March 13, 2024
31
2

Magneto Power LLC Overview

Website
www.magnetopower.com
Founded In
1915
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
3500 Thurston Ave Anoka Minnesota MN 55303
Revenue
$10 Million - $50 Million
Phone Number
+1 7632520165
Social Media
About Magneto Power LLC
Magneto Power is a regional wholesale distributor of outdoor power equipment and replacement parts. Magneto Power serves customers in eleven states from three distribution centers located in Minnesota, Texas and Oregon.

What Benefits Does Magneto Power LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magneto Power LLC 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Magneto Power LLC.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Magneto Power LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Magneto Power LLC salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magneto Power LLC

1. What is the estimated average total compensation at Magneto Power LLC?

Salary.com estimates that the average total compensation package at Magneto Power LLC, which can include base salary, potential bonuses, and benefits, is around $104,562 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magneto Power LLC pay compared to J V Industrial Companies Ltd?

The average annual salary at Magneto Power LLC is $104,562, or an hourly wage of $50, in comparison to J V Industrial Companies Ltd which pays $99,995 per year or $48 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magneto Power LLC?

Salary progression from an entry-level to a senior role at Magneto Power LLC 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 Magneto Power LLC in Minneapolis is fair given the local cost of living?

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

5. Are promotions at Magneto Power LLC usually accompanied by a significant salary increase?

Yes, promotions at Magneto Power LLC 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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