RICO Equipment Inc Salary

How much does the RICO Equipment Inc Pay for employees?

As of August 2026, the average annual salary for employees at RICO Equipment Inc in the United States is $92,959. This translates to an approximate hourly wage of $45. Salaries at RICO Equipment Inc typically range from $81,830 to $105,014 annually, reflecting the diverse roles and experience levels within the company. RICO Equipment 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 RICO Equipment Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at RICO Equipment 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.
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Current Job Openings at RICO Equipment Inc

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

Is RICO Equipment Inc’s Pay Competitive? Salary Benchmarking Analysis

How does RICO Equipment 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)
RICO Equipment Inc
MFG Durable
Hartzell Air Movement
Ohio Aluminum Industries Inc
Industry Comparison
Our data shows that, on average, compensation at RICO Equipment Inc is below the average for the U.S. MFG Durable industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared RICO Equipment Inc average annual salary with several similar companies. RICO Equipment Inc average salary of $92,959 is higher than Hartzell Air Movement, which has an average salary of $92,158. It is lower than Ohio Aluminum Industries Inc, with their average salary at $94,911. This places RICO Equipment Inc in a mid-range 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.

Employee Reviews: Working at RICO Equipment Inc

Considering a career at RICO Equipment 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.
Most communication comes from supervisors. Management understands that happy employees produce quality work, and it shows in both our working conditions and the products we ship. What stands out is how leadership values input from frontline workers - our suggestions regularly lead to process improvements. There’s not much flexibility in how work is done. Leadership is visible and accessible, promo...
Expectations are clear, and results are measured precisely. Smooth production, reliable deliveries, and quality workmanship define our plant. Everyone looks out for each other, and there’s a strong emphasis on mutual respect and teamwork. Working here means being part of a well-organized and efficient manufacturing operation. Leadership is visible but doesn’t always follow through quickly on sugge...
It’s a truly great place to grow. If you’re okay with standing and lifting, it’s a reasonable workplace. You’re expected to meet targets, and if you do, you’re mostly left alone.
It’s a place where effort is appreciated and results matter. Safety training is regular, and it’s clear that leadership values our well-being. It’s not the most dynamic workplace, but it functions well for what it is. There's strong communication between shifts and departments.

RICO Equipment Inc Overview

Website
www.ricoequipment.com
Founded In
1984
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
80 N State Rd Medina Ohio OH 44256
Revenue
$10 Million - $50 Million
Phone Number
+1 3307234050
Social Media
About RICO Equipment Inc
Founded in 1984, RICO is a manufacturer of engineered material handling equipment. RICO is headquartered in Medina, Ohio.

What Benefits Does RICO Equipment Inc Offer Beyond Salary?

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

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

The typical annual salary range for most roles at RICO Equipment Inc is approximately from $81,830 to $105,014. 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 RICO Equipment Inc pay compared to Hartzell Air Movement?

The average annual salary at RICO Equipment Inc is $92,959, or an hourly wage of $45, in comparison to Hartzell Air Movement which pays $92,158 per year or $44 per hour.

3. Do salaries differ significantly between departments at RICO Equipment Inc?

Yes, salaries often differ between departments at RICO Equipment 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 RICO Equipment Inc?

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

To determine if a salary offer from RICO Equipment Inc in Cleveland is fair, first compare the gross salary to our data for similar roles at RICO Equipment 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 RICO Equipment Inc?

Salary increases at RICO Equipment 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.