Drake Coal Co. Inc Salary

As of August 2026, the average annual salary for employees at Drake Coal Co. Inc in the United States is $95,280. This translates to an approximate hourly wage of $46. Salaries at Drake Coal Co. Inc typically range from $83,892 to $107,538 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Drake Coal Co. Inc

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Is Drake Coal Co. Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Drake Coal Co. Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Pompey Coal Corp $89,289
-6.3%
Pompey Coal Corp focuses strategically on recruiting and training entry-level apprentices.
RAE COAL Corp $100,565
+5.5%
Supported by RAE COAL Corp's high-margin contracts allowing higher overhead.
Western Kentucky Mining Institute $88,835
-6.8%
Reflects market rates for standard general contracting, differing from specialized roles.
TECO Coal Corp $90,723
-4.8%
Normalized for lower cost-of-living zones where TECO Coal Corp primarily operates.
Energy & Utilities Industry $130,148
+36.6%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Drake Coal Co. Inc

Considering a career at Drake Coal Co. 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.
Management fosters a culture where every employee feels their role is important for our collective success. I’ve attended workshops and completed certifications while working. The focus on grid modernization keeps our work technically engaging. Most people stay for stability rather than passion.
Tight-knit team with a clear sense of purpose. This is a company that sticks to its strengths. These gestures go a long way in showing appreciation. My coworkers are professional and skilled, and there's a strong emphasis on continuous training and job security. That said, the job security is good, and the people are easy to work with. Management promotes work-life balance, and our tools and equi...
It’s not just a job—it’s a place where I feel secure and respected. I’ve received excellent mentorship since day one. While not particularly stimulating, the role is reliable and comes with decent pay.

Drake Coal Co. Inc Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Energy & Utilities
Headquarter Address
3601 Christie Pl Owensboro Kentucky KY 42301
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media
About Drake Coal Co. Inc
Drake Coal Co. Inc is a company that operates in the Mining & Metals industry. It employs 21-50 people and has $50M-$100M of revenue. The company is headquartered in Owensboro, Kentucky.

What Benefits Does Drake Coal Co. Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Drake Coal Co. 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 Owensboro?

Understanding the cost of living near Owensboro is key to truly evaluating a salary offer or your current compensation at Drake Coal Co. Inc.
Owensboro's Cost of Living Index is approximately 81.2 (18.8% less expensive than US average; 12.6% less than KY average). Western KY Ohio River city, affordable. OTS bus. When planning your budget based on a salary from Drake Coal Co. Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $700 - $1,100+ A significant portion of Drake Coal Co. Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (OTS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,860 - $3,060+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Drake Coal Co. Inc

1. What is the typical salary range (low to high) for most roles at Drake Coal Co. Inc?

The typical annual salary range for most roles at Drake Coal Co. Inc is approximately from $83,892 to $107,538. 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 Drake Coal Co. Inc pay compared to Pompey Coal Corp?

The average annual salary at Drake Coal Co. Inc is $95,280, or an hourly wage of $46, in comparison to Pompey Coal Corp which pays $89,289 per year or $43 per hour.

3. How does experience level affect salary at Drake Coal Co. Inc?

Experience level is a significant factor in determining salary at Drake Coal Co. 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.

4. How can I determine if a salary offer from Drake Coal Co. Inc in Owensboro is fair given the local cost of living?

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

5. Why might an individual's actual salary at Drake Coal Co. Inc differ from the ranges shown here?

An individual's actual salary at Drake Coal Co. Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.