Formost Automotive Technology Inc Salary

As of August 2026, the average annual salary for employees at Formost Automotive Technology Inc in the United States is $97,854. This translates to an approximate hourly wage of $47. Salaries at Formost Automotive Technology Inc typically range from $85,991 to $110,745 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Formost Automotive Technology Inc

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Is Formost Automotive Technology Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formost Automotive Technology Inc'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
Proctek SAS $97,706
-0.2%
Suggests Proctek SAS utilizes a highly similar base-plus-benefits compensation model.
Americas Valuations CBRE $104,478
+6.8%
Adjusted for higher cost-of-living indices in Americas Valuations CBRE's primary metro hubs.
National Institute for People $109,784
+12.2%
Data suggests National Institute for People's workforce skews heavily towards veteran, high-tenure roles.
Driverzedge $92,443
-5.5%
Normalized for lower cost-of-living zones where Driverzedge primarily operates.
Business Services Industry $120,931
+23.6%
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 Formost Automotive Technology Inc

Considering a career at Formost Automotive Technology Inc? 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.
I’m consistently impressed by the caliber of my colleagues. The work itself is steady but lacks variety. I feel recognized for my contributions here. The focus on people makes the culture thrive. This approach boosts morale and productivity significantly.
Workload is manageable, not challenging. These events are a great way to de-stress and build stronger connections with the people I work with every day. The company rewards initiative and values every team member’s input. Communication was professional than prefer. Professional development opportunities are abundant, with regular training sessions and mentorship programs. Client relationships are...
The people here are brilliant and kind. We're kept informed about company performance and future plans. You feel like you’re all on the same team. I was given significant responsibility early in my tenure, which accelerated my learning curve immensely. Will continue partnering with them for future needs!.

Formost Automotive Technology Inc Overview

Website
Data pending, update soon.
Founded In
1985
Employees
25 - 50 employees
Industry
Business Services
Headquarter Address
6404 Fairview Ave N Minneapolis Minnesota MN 55428
Revenue
<$5 Million
Phone Number
+1 7635369980
Social Media
About Formost Automotive Technology Inc
Formost Automotive Technology Inc is a company that operates in the Automotive industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Minneapolis, Minnesota.

What Benefits Does Formost Automotive Technology Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formost Automotive Technology Inc 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Formost Automotive Technology Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Formost Automotive Technology Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Formost Automotive Technology Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formost Automotive Technology Inc

1. What is the typical salary range (low to high) for most roles at Formost Automotive Technology Inc?

The typical annual salary range for most roles at Formost Automotive Technology Inc is approximately from $85,991 to $110,745. 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 Formost Automotive Technology Inc pay compared to Proctek SAS?

The average annual salary at Formost Automotive Technology Inc is $97,854, or an hourly wage of $47, in comparison to Proctek SAS which pays $97,706 per year or $47 per hour.

3. How does experience level affect salary at Formost Automotive Technology Inc?

Experience level is a significant factor in determining salary at Formost Automotive Technology Inc, 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.

4. How can I determine if a salary offer from Formost Automotive Technology Inc in Minneapolis is fair given the local cost of living?

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

5. Why might an individual's actual salary at Formost Automotive Technology Inc differ from the ranges shown here?

An individual's actual salary at Formost Automotive Technology Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.