Formico Group Salary

As of July 2026, the average annual salary for employees at Formico Group in the United States is $110,237. This translates to an approximate hourly wage of $53. Salaries at Formico Group typically range from $96,895 to $124,719 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Formico Group

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Is Formico Group’s Pay Competitive? Salary Benchmarking Analysis

How does Formico Group'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
Cryeye $97,010
-12.0%
Typical compensation structure for smaller regional agencies like Cryeye.
Klout.pro $87,053
-21.0%
Klout.pro focuses strategically on recruiting and training entry-level apprentices.
Msp365 Inc $104,742
-5.0%
Msp365 Inc operates with a leaner overhead structure, impacting base wage offers.
KalonGens $99,109
-10.1%
KalonGens likely leverages performance bonuses over the high base salary shown here.
Business Services Industry $120,931
+9.7%
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 Formico Group

Considering a career at Formico Group? 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.
Training exists but varies by team. Career growth requires patience and internal networking. The benefits are strong, with a focus on wellness and balance. There’s a solid training program and great mentors. The company offers a focus on innovation. The positive momentum is palpable and makes it an energizing place to work, knowing we are all contributing to that success. Coworkers are kind, the w...
It demonstrates a true investment in developing talent from within the company, which is greatly appreciated by all employees. There's still a strong sense of community and shared purpose. The total rewards package demonstrates how much the organization values its people.
Team-oriented with supportive leadership. I’ve grown both professionally and personally here and truly feel like part of a community committed to shared success. The regular bonuses are a great incentive and show that hard work is recognized. Great leadership, collaborative culture, and exciting client projects. Clear expectations, but career progression takes time.

Formico Group Overview

Website
www.formicogroup.com
Founded In
Data pending, update soon.
Employees
<25 employees
Industry
Business Services
Headquarter Address
2695 Moorpark Ave San Jose California CA 95128
Revenue
<$5 Million
Phone Number
+1 4086213980
Social Media
About Formico Group
Formico Group is a company that operates in the Insurance industry. It employs 1-5 people and has $0M-$1M of revenue. The company is headquartered in San Jose, California.

What Benefits Does Formico Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formico Group 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 San Jose?

Understanding the cost of living near San Jose is key to truly evaluating a salary offer or your current compensation at Formico Group.
San Jose's Cost of Living Index is approximately 214.5 (114.5% more expensive than US average; 53.4% more than CA average). Heart of Silicon Valley, astronomical housing costs, high transportation, and high prices for almost everything. When planning your budget based on a salary from Formico Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,800 - $4,500+ A significant portion of Formico Group salary. Location choices impact this heavily.
Utilities (Basic) $180 - $300 Electricity, Heating, Cooling, Water etc.
Public Transportation $80 (VTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $500 - $800 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,100+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,510 - $7,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formico Group

1. What is the average salary for employees at Formico Group?

The average annual total compensation for employees at Formico Group is approximately $110,237. However, this is an aggregate figure, actual salaries can range significantly, typically from $96,895 to $124,719, depending on factors like job role, experience, and location.

2. How much does Formico Group pay compared to Cryeye?

The average annual salary at Formico Group is $110,237, or an hourly wage of $53, in comparison to Cryeye which pays $97,010 per year or $47 per hour.

3. How does having a professional certification impact salary for relevant roles at Formico Group?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Formico Group for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Formico Group offer cost-of-living adjustments (COLA) for employees in high-cost areas like San Jose?

While some companies offer formal COLA, many, including potentially Formico Group, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Formico Group?

Most companies, likely including Formico Group, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.