Drake Construction Co Salary

As of September 2026, the average annual salary for employees at Drake Construction Co in the United States is $87,801. This translates to an approximate hourly wage of $42. Salaries at Drake Construction Co typically range from $77,349 to $99,088 annually, reflecting the diverse roles and experience levels within the company.
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Is Drake Construction Co’s Pay Competitive? Salary Benchmarking Analysis

How does Drake Construction Co'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
Elegant Garage Doors $94,531
+7.7%
Driven by niche technical certifications required for Elegant Garage Doors's specialized projects.
Anderson Property Services $81,431
-7.3%
Anderson Property Services focuses strategically on recruiting and training entry-level apprentices.
Casaterra Group Inc $96,071
+9.4%
Reflects structural premiums typical of Casaterra Group Inc's large-cap national operations.
Lake Shore Paving $83,065
-5.4%
Normalized for lower cost-of-living zones where Lake Shore Paving primarily operates.
Construction Industry $119,814
+36.5%
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 Construction Co

Considering a career at Drake Construction Co? 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 been given fantastic opportunities for professional development and career advancement since joining this construction firm. Their diligence in the pre-construction phase is crucial for our company's success and ensures that projects are set up for financial viability from the outset, giving us a solid foundation. The company culture encourages open communication, and there are clear channels...
Everyone is held accountable, which creates a respectful work environment. The company provides a stable work environment but innovationtake time to take root. Positive energy on every job site. I appreciate the resources available for ongoing training and certifications. Everyone works toward the same goal, which creates a good team environment. This company prioritizes safety, quality, and emplo...
This construction company genuinely feels like a place where I can build a fulfilling, long-term career. This focus on cultivating internal talent ensures a strong pipeline of capable leaders who understand our construction culture and values, securing our future success and continuity in the market. Structured training programs, responsive supervisors, and clear expectations make the work straigh...

Drake Construction Co Overview

Website
www.drakeconstructionco.com
Founded In
2006
Employees
<25 employees
Industry
Construction
Headquarter Address
1545 E 18th St Cleveland Ohio OH 44114
Revenue
$5 Million - $10 Million
Phone Number
+1 2166646500
Social Media
About Drake Construction Co
Since 1954, Drake Construction Company has been contributing to the growth and rebirth of greater Cleveland and northeast Ohio. Whether it's a new state-of-the-art office complex or a historic renovation, the mark of Drake's skilled craftsmanship and excellence is evident throughout the city. Drake Construction boasts awards from the U.S. Department of Labor, Occupational Safety and Health Adminis

What Benefits Does Drake Construction Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Drake Construction Co 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 Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Drake Construction Co.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Drake Construction Co, 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 Drake Construction Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA 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 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Drake Construction Co

1. How much does Drake Construction Co in the United States pay?

Drake Construction Co pays its employees an average of $87,801 per year. The average salary at Drake Construction Co range from $77,349 to $99,088 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. Do Drake Construction Co employees get a higher salary than its peer company?

The salary at Drake Construction Co is lesser than its peer company. The average annual salary at Drake Construction Co is $87,801, or an hourly wage of $42, in comparison to Elegant Garage Doors which pays $94,531 per year or $45 per hour.

3. What are the highest paying jobs at Drake Construction Co?

The higher-paying job at Drake Construction Co, according to our data, include Managing Director (avg. $679,661 per year), President (avg. $679,661 per year), and Project Manager & Estimator (avg. $146,827 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Drake Construction Co?

Salary progression with years of experience at Drake Construction Co is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Drake Construction Co vary by office location?

Yes, it's very likely that salaries at Drake Construction Co vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Cleveland section provides more context.

6. Does Drake Construction Co offer good benefits?

Drake Construction Co typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Drake Construction Co" section on this page.