Underground Magnetics Salary

How much does the Underground Magnetics Pay for employees?

As of July 2026, the average annual salary for employees at Underground Magnetics in the United States is $91,757. This translates to an approximate hourly wage of $44. Salaries at Underground Magnetics typically range from $80,832 to $103,490 annually, reflecting the diverse roles and experience levels within the company. Underground 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 Underground Magnetics Pay for Different Roles?

Explore detailed salary information for specific jobs at Underground 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.
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Current Job Openings at Underground Magnetics

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

Is Underground Magnetics’s Pay Competitive? Salary Benchmarking Analysis

How does Underground 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)
Underground Magnetics
Energy & Utilities
Olmito Water Supply Corp
Clearwater-Polk Electric Cooperative
Industry Comparison
Our data shows that, on average, compensation at Underground Magnetics is below the average for the U.S. Energy & Utilities industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Underground Magnetics average annual salary with several similar companies. Underground Magnetics average salary of $91,757 is higher than Olmito Water Supply Corp, which has an average salary of $82,496. It is higher than Clearwater-Polk Electric Cooperative, with their average salary at $84,036. This places Underground 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.

Employee Reviews: Working at Underground Magnetics

Considering a career at Underground 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.
I’ve gained confidence through new responsibilities and appreciate the continued focus on improving workplace efficiency and environmental impact through smart planning. The projects are large-scale and impactful. I appreciate the structured processes and long-term vision leadership shares with us during regular updates and meetings. , leaders maintain transparency through regular town halls and o...
It's rare to find an energy employer that balances operational excellence with such strong employee focus. My department feels like a family. We have access to state-of-the-art equipment and detailed protocols that promote both efficiency and safety. The company’s renewable focus and community engagement make it a responsible and innovative industry player worth joining. Supervisors are approachab...
While it’s nice having structure, there’s room to think outside the box or take initiative. Remote and hybrid flexibility for some roles is appreciated. While not particularly stimulating, the role is reliable and comes with decent pay.

Underground Magnetics Overview

Website
www.undergroundmagnetics.com
Founded In
2016
Employees
<25 employees
Industry
Energy & Utilities
Headquarter Address
5501 NW Beaver Dr Johnston Iowa IA 50131
Revenue
<$5 Million
Phone Number
+1 5155050960
Social Media
About Underground Magnetics
But we are not new to the industry. Underground Magnetics is a new US company with fresh ideas and designs backed by experience. The company is centered around a core team of three who, combined, have over 70 years' experience with designing and producing locating systems and servicing the industry. Mike Young, President

What Benefits Does Underground Magnetics Offer Beyond Salary?

A competitive compensation package is more than just a salary. Underground 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 Des Moines?

Understanding the cost of living near Des Moines is key to truly evaluating a salary offer or your current compensation at Underground Magnetics.
Des Moines' Cost of Living Index is approximately 80.8 (19.2% less expensive than US average; 10.1% less than IA average). State capital, affordable housing, growing. DART bus. When planning your budget based on a salary from Underground Magnetics, 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 Underground Magnetics salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $48 (DART 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 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,078 - $3,328+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Underground Magnetics

1. How much does an Underground Magnetics employee make?

Underground Magnetics pays its employees an average of $91,757 per year. The average salary at Underground Magnetics range from $80,832 to $103,490 per year. 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. Which similar company tend to pay more or less than Underground Magnetics?

The salary at Underground Magnetics is higher than the similar company. The average annual salary at Underground Magnetics is $91,757, or an hourly wage of $44, in comparison to Olmito Water Supply Corp which pays $82,496 per year or $40 per hour.

3. How much does a National Sales Director typically earn at Underground Magnetics?

A National Sales Director at Underground Magnetics typically earns an average annual base salary of around $168,228, with a general range of $149,021 to $188,116.

4. Do employees with advanced degrees (Master's, PhD) earn more at Underground Magnetics?

In many roles at Underground Magnetics, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Des Moines affect the perceived value of a Underground Magnetics salary?

Des Moines' Cost of Living Index is approximately 80.8 (19.2% less expensive than US average; 10.1% less than IA average). This significantly impacts the purchasing power of a salary from Underground Magnetics based there. Our "Cost of Living Insights for Des Moines" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Underground Magnetics typically offer employees?

Underground Magnetics generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Underground Magnetics" section on this page.