Runestone Electric Association Salary

Runestone Electric Association Salary

How much does the Runestone Electric Association Pay for employees?

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As of July 2026, the average annual salary for employees at Runestone Electric Association in the United States is $89,595. This translates to an approximate hourly wage of $43. Salaries at Runestone Electric Association typically range from $78,935 to $101,051 annually, reflecting the diverse roles and experience levels within the company. Runestone Electric Association’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 Runestone Electric Association Pay for Different Roles?

Explore detailed salary information for specific jobs at Runestone Electric Association. 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 Runestone Electric Association

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

Is Runestone Electric Association’s Pay Competitive? Salary Benchmarking Analysis

How does Runestone Electric Association’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
150k
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90k
60k
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Average Salary ($/year)
Runestone Electric Association
Energy & Utilities
Aspenall Energies LLC
Blue Earth Light and Water
Industry Comparison
Our data shows that, on average, compensation at Runestone Electric Association is below the average for the U.S. Energy & Utilities industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Runestone Electric Association average annual salary with several similar companies. Runestone Electric Association average salary of $89,595 is lower than Aspenall Energies LLC, which has an average salary of $100,333. It is lower than Blue Earth Light and Water, with their average salary at $91,092. This places Runestone Electric Association 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 Runestone Electric Association's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Runestone Electric Association

Considering a career at Runestone Electric Association? 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.
It’s a steady role in a well-regulated industry. The benefits package is comprehensive, including health, dental, and retirement plans. It’s not a bad job, but it lacks inspiration or emotional connection to the work we do. The leadership encourages feedback, which helps us constantly improve.
Commented in February 16, 2025
46
3
Innovative solutions to modern energy challenges. flexible schedules and remote work options are available where possible. Great place for learning—senior staff are always willing to teach. Our work contributes to sustainable energy solutions, which adds meaning. , leaders maintain transparency through regular town halls and open-door policies. Career advancement opportunities exist but are compet...
Commented in December 29, 2024
31
3
Safety procedures meet minimum standards. It’s easy to raise questions, concerns, or ideas without fear. Some processes feel bureaucratic and often.
Commented in August 30, 2024
35
3

Runestone Electric Association Overview

Website
www.runestoneelectric.com
Founded In
1935
Employees
<25 employees
Industry
Energy & Utilities
Headquarter Address
6839 Power Ln SW Alexandria Minnesota MN 56308
Revenue
<$5 Million
Phone Number
+1 3207621121
Social Media
About Runestone Electric Association
Runestone Electric Association (REA) provides electricity and related products and services to homes, farms, and businesses in portions of Douglas, Pope, Grant, Stevens, Ottertail, Stearns and Todd counties. They were founded in 1935.

What Benefits Does Runestone Electric Association Offer Beyond Salary?

A competitive compensation package is more than just a salary. Runestone Electric Association 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 Runestone Electric Association.
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 Runestone Electric Association, 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 Runestone Electric Association 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 Runestone Electric Association

1. What is the typical salary range (low to high) for most roles at Runestone Electric Association?

The typical annual salary range for most roles at Runestone Electric Association is approximately from $78,935 to $101,051. 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 Runestone Electric Association pay compared to Aspenall Energies LLC?

The average annual salary at Runestone Electric Association is $89,595, or an hourly wage of $43, in comparison to Aspenall Energies LLC which pays $100,333 per year or $48 per hour.

3. Do salaries differ significantly between departments at Runestone Electric Association?

Yes, salaries often differ between departments at Runestone Electric Association 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 Runestone Electric Association?

Experience level is a significant factor in determining salary at Runestone Electric Association, 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 Runestone Electric Association in Minneapolis is fair given the local cost of living?

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

6. What factors influence salary increases at Runestone Electric Association?

Salary increases at Runestone Electric Association 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.

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