Drake Institute Salary
How Much Does Drake Institute Pay for Different Roles?
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Current Job Openings at Drake Institute
Is Drake Institute’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Becket | $102,189 |
+5.4%
|
Influenced by prevailing union wage agreements specific to Becket's sector. |
| ACEC Research Institute | $97,253 |
+0.3%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| Institute for Women's Policy Research | $98,160 |
+1.2%
|
Confirms Institute for Women's Policy Research is a direct competitor vying for the exact same talent pool. |
| Congressional Black Caucus Foundation Inc | $97,274 |
+0.3%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Business Services Industry | $120,931 |
+24.7%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Drake Institute's Salaries Compare to Similar Companies?
Becket
$102,189 / year
Salary Range: $89,793 - $115,647
Washington, DC
ACEC Research Institute
$97,253 / year
Salary Range: $85,477 - $110,026
Washington, DC
Institute for Women's Policy Research
$98,160 / year
Salary Range: $86,265 - $111,050
Washington, DC
Congressional Black Caucus Foundation Inc
$97,274 / year
Salary Range: $85,496 - $110,050
Washington, DC
Alliance for Nonprofit Management
$98,866 / year
Salary Range: $86,889 - $111,855
Washington, DC
The James Wilson Institute
$99,710 / year
Salary Range: $87,631 - $112,806
Washington, DC
Inscape
$110,437 / year
Salary Range: $97,060 - $124,939
San Francisco, CA
The Force Field
$85,629 / year
Salary Range: $75,260 - $96,881
Charlotte, NC
Design Build Contractors Inc
$81,272 / year
Salary Range: $71,430 - $91,942
Lehi, UT
Employee Reviews: Working at Drake Institute
Drake Institute Overview
What Benefits Does Drake Institute Offer Beyond Salary?
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What Is the Cost of Living Near Washington?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $2,200 - $3,300+ | A significant portion of Drake Institute salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70-200+ (WMATA SmarTrip varies by use) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $450 - $680 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $500 - $900+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $400 - $750+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $3,770 - $5,880+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Drake Institute
1. How much does Drake Institute in the United States pay?
Drake Institute pays its employees an average of $96,989 per year. The average salary at Drake Institute range from $85,248 to $109,733 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 Institute employees get a higher salary than its peer company?
The salary at Drake Institute is lesser than its peer company. The average annual salary at Drake Institute is $96,989, or an hourly wage of $47, in comparison to Becket which pays $102,189 per year or $49 per hour.
3. How much does salary increase with years of experience at Drake Institute?
Salary progression with years of experience at Drake Institute 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.
4. Do salaries at Drake Institute vary by office location?
Yes, it's very likely that salaries at Drake Institute 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 Washington section provides more context.
5. Does Drake Institute offer good benefits?
Drake Institute 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 Institute" section on this page.
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