Formula Equipment, Inc. Salary

Formula Equipment, Inc. Salary

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As of July 2026, the average annual salary for employees at Formula Equipment, Inc. in the United States is $72,431. This translates to an approximate hourly wage of $35. Salaries at Formula Equipment, Inc. typically range from $63,640 to $82,404 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Formula Equipment, Inc. Pay for Different Roles?

Explore detailed salary information for specific jobs at Formula Equipment, Inc.. Based on our data, the highest paying job is the Lead iOS Developer [Remote, NO C2C], with an annual salary of $226,096. The table below outlines the annual salary ranges for most popular roles within the company.

Lead iOS Developer [Remote, NO C2C]

$226,096 / year

Salary Range: $197,140 - $263,535

Product Development

Technical Documentation Writer (Freelance Contract, Remote)

$120,746 / year

Salary Range: $105,135 - $141,030

Technical Recruitment

Content Strategist / UX Writer - Medical Exp. (Contract, Remote)

$60,344 / year

Salary Range: $54,009 - $66,249

Medical

iOS Developer + Object C (no C2C)

$107,265 / year

Salary Range: $97,576 - $118,569

Software Development

Social Media Manager

$52,550 / year

Salary Range: $47,412 - $59,392

Customer Service

UX Design Systems Writer ( No C2C)

$120,093 / year

Salary Range: $107,120 - $134,389

User Interface Design and Development

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Formula Equipment, Inc..
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About Formula Equipment, Inc.: Company Profile

Website
Data pending, update soon.
Founded In
1981
Employees
25 - 50 employees
Industry
Retail & Wholesale
Headquarter Location
ROCK TAVERN
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Formula Equipment, Inc.'s culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The training is thorough, and there are always opportunities to learn new systems or processes. The pay is competitive, and the culture is inclusive. The leadership team is approachable, and there’s a strong sense of teamwork. The Retail & Wholesale environment is fast, but the teamwork here is exceptional.
Commented in May 20, 2025
12
2
The pay is good, and advancement opportunities are available for those who seek them. The benefits here stand out—healthcare, PTO, and discounts are excellent. It’s a great place to grow and contribute meaningfully. The job is stable, and the company maintains a good reputation in the industry. The has a consistent routine. The benefits package is good, and the team atmosphere is collaborative.
Commented in April 12, 2025
20
2
A great place for career growth. This company is one of the best employers in the Retail & Wholesale space. The company values employee feedback and makes meaningful changes. Career advancement is possible through clear promotion paths and skill-building programs.
Commented in February 04, 2024
43
0

How Formula Equipment, Inc.'s Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Formula Equipment, Inc.’s pay competitiveness. Click on a company for a deeper dive.

Is Formula Equipment, Inc.’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Equipment, 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
FRANKS SUPPLY COMPANY INC $64,472
-11.0%
Normalized for lower cost-of-living zones where FRANKS SUPPLY COMPANY INC primarily operates.
FORT EDWARD SUPPLY, INC. $68,087
-6.0%
FORT EDWARD SUPPLY, INC. operates with a leaner overhead structure, impacting base wage offers.
TEKTON CONTRACTING CORP. $78,712
+8.7%
Data suggests TEKTON CONTRACTING CORP.'s workforce skews heavily towards veteran, high-tenure roles.
RONSONEQUIPMENT $68,239
-5.8%
RONSONEQUIPMENT likely leverages performance bonuses over the high base salary shown here.
Retail & Wholesale Industry $123,318
+70.3%
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.

What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Formula Equipment, Inc..
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Formula Equipment, Inc., consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Formula Equipment, Inc. salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Formula Equipment, Inc.

FAQ 1: How much does a Formula Equipment, Inc. employee make?
Formula Equipment, Inc. pays its employees an average of $72,431 per year. The average salary at Formula Equipment, Inc. range from $63,640 to $82,404 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.
FAQ 2: Which similar company tend to pay more or less than Formula Equipment, Inc.?
The salary at Formula Equipment, Inc. is higher than the similar company. The average annual salary at Formula Equipment, Inc. is $72,431, or an hourly wage of $35, in comparison to FRANKS SUPPLY COMPANY INC which pays $64,471 per year or $31 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Formula Equipment, Inc.?
In many roles at Formula Equipment, Inc., particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
FAQ 4: How does the cost of living near New York affect the perceived value of a Formula Equipment, Inc. salary?
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). This significantly impacts the purchasing power of a salary from Formula Equipment, Inc. based there. Our "Cost of Living Insights for New York" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Formula Equipment, Inc. typically offer employees?
Formula Equipment, Inc. generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Formula Equipment, Inc." section on this page.

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