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Storch Magnetics Salary

Storch Magnetics Salary

How much does the Storch Magnetics Pay for employees?

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As of August 2026, the average weekly salary for employees at Storch Magnetics in the United States is $1,797. This translates to an approximate annual wage of $93,424. Salaries at Storch Magnetics typically range from $1,582 to $2,028 weekly, reflecting the diverse roles and experience levels within the company. Storch Magnetics’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 Storch Magnetics Pay for Different Roles?

Explore detailed salary information for specific jobs at Storch Magnetics. 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 Storch Magnetics

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

Is Storch Magnetics’s Pay Competitive? Salary Benchmarking Analysis

How does Storch Magnetics’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)
Storch Magnetics
MFG Durable
Turf Tank
Vaask
Industry Comparison
Our data shows that, on average, compensation at Storch Magnetics is below the average for the U.S. MFG Durable industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Storch Magnetics average annual salary with several similar companies. Storch Magnetics average salary of $93,424 is higher than Turf Tank, which has an average salary of $88,772. It is higher than Vaask, with their average salary at $89,257. This places Storch Magnetics in a competitive 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 Storch Magnetics's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Storch Magnetics

Considering a career at Storch Magnetics? 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.
They truly value experience while also being open to new ideas from less experienced team members. Opportunities for cross-training help develop diverse skills. The maintenance team is responsive, minimizing equipment downtime. Employees here appreciate the company’s commitment to continuous improvement and innovation in manufacturing processes.
Commented in May 11, 2025
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1
The training doesn't stop after orientation - there are regular skills upgrades and safety refreshers. I feel valued and secure, knowing that safety and well-being are top priorities. I’ve had opportunities to cross-train in multiple departments. The company invests in equipment and people equally. I’m proud to contribute to products that are built with precision and care. If not, you might grow r...
Commented in August 22, 2024
21
2
Flexible scheduling options help maintain work-life balance. This synergy not only enhances efficiency but also fosters a supportive and engaging workplace. Job security is very strong. Modern machinery and technology improve daily operations, helping employees perform efficiently. Advancement exists, though it may take time.
Commented in February 16, 2024
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Storch Magnetics Overview

Website
www.storchmagnetics.com
Founded In
1952
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
11827 Globe St Livonia Michigan MI 48150
Revenue
$5 Million - $10 Million
Phone Number
+1 7345912200
Social Media
About Storch Magnetics
Founded by Edward A. Storch in 1952 as an industrial sales representative organization for leak detection fluids and home heating furnaces, Storch was always on the look out for additional products and added Bux Magnetic base drills. Customers requesting only the magnetic bases led Storch to look for additional sources of Magnets and Magnetic Components, becoming the authorized small quantity stoc

What Benefits Does Storch Magnetics Offer Beyond Salary?

A competitive compensation package is more than just a salary. Storch Magnetics 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 Livonia?

Understanding the cost of living near Livonia is key to truly evaluating a salary offer or your current compensation at Storch Magnetics.
Livonia's Cost of Living Index is approximately 97.3 (2.7% less expensive than US average; 6.6% more than MI average). Large Detroit suburb (Wayne Co.), housing near US average. SMART bus. When planning your budget based on a salary from Storch Magnetics, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Storch Magnetics salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,430 - $3,760+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Storch Magnetics

1. What is the typical salary range (low to high) for most roles at Storch Magnetics?

The typical annual salary range for most roles at Storch Magnetics is approximately from $82,261 to $105,453. 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 Storch Magnetics pay compared to Turf Tank?

The average annual salary at Storch Magnetics is $93,424, or an hourly wage of $45, in comparison to Turf Tank which pays $88,772 per year or $43 per hour.

3. Do salaries differ significantly between departments at Storch Magnetics?

Yes, salaries often differ between departments at Storch Magnetics 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 Storch Magnetics?

Experience level is a significant factor in determining salary at Storch Magnetics, 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 Storch Magnetics in Livonia is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Storch Magnetics?

Several key factors influence salary levels at Storch Magnetics. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Storch Magnetics likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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