$659,493 / year
Salary Range: $505,519 - $829,436
Executive
$183,948 / year
Salary Range: $150,216 - $224,606
Corporate Secretary
$88,151 / year
Salary Range: $63,267 - $95,457
Construction Field Management
$88,151 / year
Salary Range: $63,267 - $95,457
Construction Field Management
$49,276 / year
Salary Range: $43,183 - $55,690
Construction
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Mechanical Insulation & Supply Inc | $81,135 |
-4.8%
|
Typical compensation structure for smaller regional agencies like Mechanical Insulation & Supply Inc. |
| Miles Drywall Inc | $81,958 |
-3.8%
|
Normalized for lower cost-of-living zones where Miles Drywall Inc primarily operates. |
| Raze International Inc | $83,930 |
-1.5%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| Stockell Custom Homes & Construction | $85,639 |
+0.5%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Construction Industry | $119,814 |
+40.6%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$81,135 / year
Salary Range: $71,485 - $91,564
Fargo, ND
$81,958 / year
Salary Range: $72,199 - $92,491
Bluffton, SC
$83,930 / year
Salary Range: $73,941 - $94,710
Shadyside, OH
$85,639 / year
Salary Range: $75,453 - $96,649
Eureka, MO
$93,065 / year
Salary Range: $81,995 - $105,026
Vashon, WA
$93,044 / year
Salary Range: $81,968 - $104,990
Felton, DE
$93,656 / year
Salary Range: $82,508 - $105,685
La Mesa, CA
$81,895 / year
Salary Range: $72,144 - $92,418
Middlebury, IN
$103,307 / year
Salary Range: $91,012 - $116,574
Valley Stream, NY
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,700 - $2,600+ | A significant portion of Drake Construction salary. Location choices impact this heavily. |
| Utilities (Basic) | $140 - $230 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $105 (CTA 30-day pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $430 - $640 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $450 - $800+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $400 - $750+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $3,225 - $5,025+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Drake Construction pays its employees an average of $85,196 per year. The average salary at Drake Construction range from $75,058 to $96,137 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.
The salary at Drake Construction is higher than the similar company. The average annual salary at Drake Construction is $85,196, or an hourly wage of $41, in comparison to Mechanical Insulation & Supply Inc which pays $81,135 per year or $39 per hour.
A President at Drake Construction typically earns an average annual base salary of around $659,493, with a general range of $505,519 to $829,436.
In many roles at Drake Construction, 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.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). This significantly impacts the purchasing power of a salary from Drake Construction based there. Our "Cost of Living Insights for Chicago" module details this impact, helping you assess the 'real feel' value of your compensation.
Drake Construction 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 Drake Construction" section on this page.
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