Formally Modern Tuxedo Salary

Formally Modern Tuxedo Salary

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As of August 2026, the average annual salary for employees at Formally Modern Tuxedo in the United States is $93,571. This translates to an approximate hourly wage of $45. Salaries at Formally Modern Tuxedo typically range from $82,243 to $105,867 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Formally Modern Tuxedo Pay for Different Roles?

Explore detailed salary information for specific jobs at Formally Modern Tuxedo. Based on our data, the highest paying job is the Assistant Sales Manager, with an annual salary of $113,872. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Formally Modern Tuxedo

Ready for your next career move? Explore current job openings at Formally Modern Tuxedo. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Formally Modern Tuxedo’s Pay Competitive? Salary Benchmarking Analysis

How does Formally Modern Tuxedo'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
Accident LLC $107,948
+15.4%
Adjusted for higher cost-of-living indices in Accident LLC's primary metro hubs.
Design Trade $88,455
-5.5%
Typical compensation structure for smaller regional agencies like Design Trade.
Tierra Antigua Realty $84,838
-9.3%
Tierra Antigua Realty operates with a leaner overhead structure, impacting base wage offers.
Ace Sanitation $86,673
-7.4%
Ace Sanitation likely leverages performance bonuses over the high base salary shown here.
Business Services Industry $120,931
+29.2%
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.

How Formally Modern Tuxedo's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Formally Modern Tuxedo. Click a company name to learn more.

Employee Reviews: Working at Formally Modern Tuxedo

Considering a career at Formally Modern Tuxedo? 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.
It’s a good place for structured roles, though some may find it lacks fast-paced innovation or excitement. The company is decent overall, with reliable processes and well-defined roles. Training programs are structured and helpful, and cross-functional teamwork is highly valued. The leadership team is remarkably transparent about company performance, strategic direction, and industry challenges. T...
Commented in March 01, 2025
37
2
Team dynamics are a strong suit. Leadership stays accessible, and progress is measured fairly. This investment shows a commitment to keeping our skills sharp and relevant, which benefits both the employee and the company in the long run. It makes you feel respected and that your voice actually matters. The company culture is fun and inclusive. Leadership understands the importance of rest and rech...
Commented in June 28, 2024
43
0
Management consistently checks in on team morale and actively seeks feedback for improvement. I feel lucky to be a part of this team and look forward to my future here. Managers are approachable and committed to team development.
Commented in March 12, 2024
12
3

Formally Modern Tuxedo Overview

Website
www.formallymodern.com
Founded In
2005
Employees
<25 employees
Industry
Business Services
Headquarter Address
2309 Hammond Dr Schaumburg Illinois IL 60173
Revenue
$5 Million - $10 Million
Phone Number
+1 7739757700
Social Media
About Formally Modern Tuxedo
We create custom clothing tailored to your needs and offer wedding invitations to make your special day the best it can be. To all of our customers, we thank you for your support. Please let us know how we are doing. Formally Modern Tuxedo

What Benefits Does Formally Modern Tuxedo Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formally Modern Tuxedo 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 Schaumburg?

Understanding the cost of living near Schaumburg is key to truly evaluating a salary offer or your current compensation at Formally Modern Tuxedo.
Schaumburg's Cost of Living Index is approximately 108.2 (8.2% more expensive than US average; 15.4% more than IL average). NW Chicago suburb, major commercial/retail hub (Woodfield Mall), housing costs above US avg. Pace bus. When planning your budget based on a salary from Formally Modern Tuxedo, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of Formally Modern Tuxedo salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace bus (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,250+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formally Modern Tuxedo

1. What is the typical salary range (low to high) for most roles at Formally Modern Tuxedo?

The typical annual salary range for most roles at Formally Modern Tuxedo is approximately from $82,243 to $105,867. 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 Formally Modern Tuxedo pay compared to Accident LLC?

The average annual salary at Formally Modern Tuxedo is $93,571, or an hourly wage of $45, in comparison to Accident LLC which pays $107,948 per year or $52 per hour.

3. Do salaries differ significantly between departments at Formally Modern Tuxedo?

Yes, salaries often differ between departments at Formally Modern Tuxedo due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Formally Modern Tuxedo?

Experience level is a significant factor in determining salary at Formally Modern Tuxedo, 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.

5. How can I determine if a salary offer from Formally Modern Tuxedo in Schaumburg is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Formally Modern Tuxedo?

Several key factors influence salary levels at Formally Modern Tuxedo. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Formally Modern Tuxedo likely benchmarks its salaries against other companies in the Business Services sector. You can explore how these factors play out in our detailed salary data.

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