Parachut Salary

Parachut Salary

How much does the Parachut Pay for employees?

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As of July 2026, the average annual salary for employees at Parachut in the United States is $82,601. This translates to an approximate hourly wage of $40. Salaries at Parachut typically range from $72,685 to $93,357 annually, reflecting the diverse roles and experience levels within the company. Parachut’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 Parachut Pay for Different Roles?

Explore detailed salary information for specific jobs at Parachut. 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 Parachut

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

Is Parachut’s Pay Competitive? Salary Benchmarking Analysis

How does Parachut’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)
Parachut
Media
Memory Block
Emblemax
Industry Comparison
Our data shows that, on average, compensation at Parachut is below the average for the U.S. Media industry by approximately 34%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Parachut average annual salary with several similar companies. Parachut average salary of $82,601 is lower than Memory Block, which has an average salary of $88,245. It is lower than Emblemax, with their average salary at $102,020. This places Parachut 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 Parachut's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Parachut

Considering a career at Parachut? 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.
Management is supportive and regularly communicates company goals and progress, fostering transparency. This adaptability ensures we stay relevant and ahead of the curve. I love the creative freedom here. Every day offers something new and meaningful.
Commented in May 05, 2025
32
2
Open communication drives success here. They provide excellent wellness programs and resources to support a healthy work environment. This company has mastered the art of work-life balance, which is a game-changer in this demanding industry. Employees value stability but may desire more innovation. The work culture promotes innovation, flexibility, and constant improvement.
Commented in September 25, 2024
31
3
These experiences are not only fun but also provide valuable inspiration and insight that we can bring back to our own work. The management encourages open communication and supports employee career advancement. Leadership is visionary yet grounded, setting ambitious goals while providing the support needed to achieve them. This level of trust has accelerated my learning curve and built my confide...
Commented in September 13, 2024
8
0

Parachut Overview

Website
www.parachut.co
Founded In
2016
Employees
<25 employees
Industry
Media
Headquarter Address
852 W 1500 N Lehi Utah UT 84043
Revenue
<$5 Million
Phone Number
-
Social Media
About Parachut
By sharing quality, unused resources for others to access,Parachut is leading the future in responsible consumerism.The sharing economy exemplified by companies like Airbnb is getting pushed to another level. Parachut.co, the brainchild of Philip and Melissa Niu, is setting a new bar with The Access Economy, which experts are validating as a catalyst that will change the face of consumerism and ow

What Benefits Does Parachut Offer Beyond Salary?

A competitive compensation package is more than just a salary. Parachut 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 Lehi?

Understanding the cost of living near Lehi is key to truly evaluating a salary offer or your current compensation at Parachut.
Lehi's Cost of Living Index is approximately 106.2 (6.2% more expensive than US average; 4.6% more than UT average). 'Silicon Slopes' tech hub, rapid growth, high housing costs. UTA. When planning your budget based on a salary from Parachut, 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 Parachut salary. Location choices impact this heavily.
Utilities (Basic) $100 - $180 Electricity, Heating, Cooling, Water etc.
Public Transportation $85 (UTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,785 - $4,335+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Parachut

1. What is the average salary for employees at Parachut?

The average annual total compensation for employees at Parachut is approximately $82,601. However, this is an aggregate figure, actual salaries can range significantly, typically from $72,685 to $93,357, depending on factors like job role, experience, and location.

2. How much does Parachut pay compared to Memory Block?

The average annual salary at Parachut is $82,601, or an hourly wage of $40, in comparison to Memory Block which pays $88,245 per year or $42 per hour.

3. What is the lowest salary at Parachut?

The lowest-paying job at Parachut is an Investor and Advisor with a salary of $75,259 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Parachut?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Parachut for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Parachut offer cost-of-living adjustments (COLA) for employees in high-cost areas like Lehi?

While some companies offer formal COLA, many, including potentially Parachut, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Parachut?

Most companies, likely including Parachut, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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