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Formula Boats South Inc Salary

Formula Boats South Inc Salary

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As of August 2026, the average annual salary for employees at Formula Boats South Inc in the United States is $96,725. This translates to an approximate hourly wage of $47. Salaries at Formula Boats South Inc typically range from $84,964 to $109,550 annually, reflecting the diverse roles and experience levels within the company.
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Is Formula Boats South Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Boats South 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
AL International Inc $113,317
+17.2%
Reflects structural premiums typical of AL International Inc's large-cap national operations.
The Garden City Group Inc $104,140
+7.7%
Data suggests The Garden City Group Inc's workforce skews heavily towards veteran, high-tenure roles.
The Collection LLC $101,535
+5.0%
Reflects a supply-demand imbalance for the specific talent The Collection LLC targets.
Better Earth $95,881
-0.9%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Retail & Wholesale Industry $123,318
+27.5%
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 Formula Boats South Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Formula Boats South Inc. Click a company name to learn more.

Employee Reviews: Working at Formula Boats South Inc

Considering a career at Formula Boats South 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.
The work atmosphere is energetic, and leadership is inspiring. Benefits are competitive, and the company culture fosters inclusivity. Always learning something new. The team is cooperative, and management is fair. Friendly coworkers and a positive atmosphere.
Commented in April 11, 2025
38
1
Benefits like health insurance and bonuses are a plus. The wholesale division is growing, which opens up more career paths. Great place to grow a career in retail. The workload is manageable, and the hours are consistent. While there aren’t many flashy perks, the job provides stability and a professional atmosphere. The workload is reasonable, and the team is cooperative.
Commented in January 09, 2025
33
3
The company provides clear career paths and rewards hard work. The leadership team is accessible and open to feedback, which is rare in this industry. The company offers great growth opportunities, and the team culture is very collaborative.
Commented in March 18, 2024
38
1

Formula Boats South Inc Overview

Website
www.formulaboats.com
Founded In
1962
Employees
200 - 500 employees
Industry
Retail & Wholesale
Headquarter Address
909 10th St S Naples Florida FL 34102
Revenue
$50 Million - $200 Million
Phone Number
+1 2607249111
Social Media
About Formula Boats South Inc
Headquartered in Decatur, Indiana, Formula Boats produces fiberglass powerboats of many different model types.

What Benefits Does Formula Boats South Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formula Boats South 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 Fort Myers?

Understanding the cost of living near Fort Myers is key to truly evaluating a salary offer or your current compensation at Formula Boats South Inc.
Fort Myers' Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 5.3% less than FL average). SW FL city, popular with retirees, housing costs near US average but have been rising. LeeTran. When planning your budget based on a salary from Formula Boats South Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Formula Boats South Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (LeeTran monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,700 - $4,160+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formula Boats South Inc

1. What is the average salary for employees at Formula Boats South Inc?

The average annual total compensation for employees at Formula Boats South Inc is approximately $96,725. However, this is an aggregate figure, actual salaries can range significantly, typically from $84,964 to $109,550, depending on factors like job role, experience, and location.

2. How much does Formula Boats South Inc pay compared to AL International Inc?

The average annual salary at Formula Boats South Inc is $96,725, or an hourly wage of $47, in comparison to AL International Inc which pays $113,317 per year or $54 per hour.

3. What is the lowest salary at Formula Boats South Inc?

The lowest-paying job at Formula Boats South Inc is a Manager, Business with a salary of $121,275 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Formula Boats South Inc?

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 Formula Boats South Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Formula Boats South Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Fort Myers?

While some companies offer formal COLA, many, including potentially Formula Boats South Inc, 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.

6. What's the typical process for salary reviews and raises at Formula Boats South Inc?

Most companies, likely including Formula Boats South Inc, 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.

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