| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| RailcarCO | $85,027 |
-3.0%
|
Normalized for lower cost-of-living zones where RailcarCO primarily operates. |
| DFH Services PLLC | $82,485 |
-5.9%
|
DFH Services PLLC focuses strategically on recruiting and training entry-level apprentices. |
| David Choi & Associates Inc | $97,189 |
+10.9%
|
Driven by niche technical certifications required for David Choi & Associates Inc's specialized projects. |
| MGM Associates Inc | $82,084 |
-6.4%
|
Typical compensation structure for smaller regional agencies like MGM Associates Inc. |
| Business Services Industry | $120,931 |
+37.9%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$85,027 / year
Salary Range: $74,738 - $96,198
Sarasota, FL
$82,485 / year
Salary Range: $72,502 - $93,320
Nashville, TN
$97,189 / year
Salary Range: $85,422 - $109,952
Long Beach, CA
$82,084 / year
Salary Range: $72,144 - $92,869
Guntersville, AL
$89,985 / year
Salary Range: $79,090 - $101,807
Las Vegas, NV
$85,165 / year
Salary Range: $74,848 - $96,356
Olathe, KS
$87,854 / year
Salary Range: $77,212 - $99,393
Colorado Springs, CO
$82,823 / year
Salary Range: $72,795 - $93,698
Danville, KY
$99,868 / year
Salary Range: $87,777 - $112,989
Mc Lean, VA
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) | $2,000 - $3,000+ | A significant portion of Formica & Associates salary. Location choices impact this heavily. |
| Utilities (Basic) | $180 - $290 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70 (Palm Tran monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $460 - $680 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $500 - $900+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $410 - $760+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $3,620 - $5,630+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Formica & Associates pays its employees an average of $87,675 per year. The average salary at Formica & Associates range from $77,065 to $99,197 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 Formica & Associates is higher than its peer company. The average annual salary at Formica & Associates is $87,675, or an hourly wage of $42, in comparison to RailcarCO which pays $85,027 per year or $41 per hour.
Salary progression with years of experience at Formica & Associates 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.
Yes, it's very likely that salaries at Formica & Associates 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 Boca Raton section provides more context.
Formica & Associates 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 Formica & Associates" section on this page.
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