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Costco store managers' 'surprising' 6-figure salaries revealed

Jennifer Earl

Watch out, WalmartCostco is trying to give its rival retail giant a run for its money (literally) when it comes to paying some of its top store managers.

Roughly a week after Walmart shared in a new report that its U.S. store managers are taking home an average of $175,000 a year, Reader's Digest resurfaced just how much Costco is shelling out in comparison. And the publication says its findings are pretty "surprising."

According to Glassdoor , general managers at the chain get an average base pay of over $106,000. Overall, their salaries range from nearly $50,000 to $180,000. Meanwhile, warehouse managers make between $52,000 to $146,000 each year, while assistant managers typically take in around $85,000.

But, as Reader's Digest points out, these totals don't even include the various benefits the employees enjoy throughout the year including bonuses, stocks and commission which can tack on an additional $8,000 or so annually.

"Salary and benefits are great for the industry ... great culture," a full-time Costco employee, who has been working at the company in Virginia for more than a decade, commented on Glassdoor's review. "[The company's] adaptive to growth and innovation as shoppers turn online for groceries."

Glassdoor named Costco one of the best places to work in 2019 after a year hiatus off the list.

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In June, the wholesale retailer announced it was raising its minimum wage to $14 per hour from $13. In comparison, Walmart and Target pay $11 and $13, respectively.

Costco pays employees some of the highest wages among U.S. retailers — with the average hourly salary of $22.50.

Fox Business' Jade Scipioni contributed to this report.

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