Formula Trailers Salary

As of September 2026, the average annual salary for employees at Formula Trailers in the United States is $85,745. This translates to an approximate hourly wage of $41. Salaries at Formula Trailers typically range from $75,508 to $96,783 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Formula Trailers Pay for Different Roles?

Explore detailed salary information for specific jobs at Formula Trailers. Based on our data, the highest paying job is the Sales Executive, with an annual salary of $197,578. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Formula Trailers’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Trailers'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
Universal Tank & Fabrication Inc $86,114
+0.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Kyntronics $90,354
+5.4%
Influenced by prevailing union wage agreements specific to Kyntronics's sector.
Shawnee Steel & Welding Inc $88,972
+3.8%
Adjusted for higher cost-of-living indices in Shawnee Steel & Welding Inc's primary metro hubs.
Dimensional Industries $97,432
+13.6%
Supported by Dimensional Industries's high-margin contracts allowing higher overhead.
MFG Durable Industry $121,746
+42.0%
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 Formula Trailers

Considering a career at Formula Trailers? 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 leadership team is transparent and supportive, fostering open communication. Quality meets standards but rarely exceeds expectations. Skilled technicians handle machinery expertly and efficiently. I’ve been promoted twice in five years because they reward performance and initiative.
Pay and benefits are industry average. Regular recognition and rewards motivate staff, making it a satisfying and productive place to work. Management genuinely cares about its employees, fostering a supportive and respectful environment. It’s a place where you can truly build a long-term career and feel secure in your role. The training programs are top-notch. Advancement is based on merit, not j...
This culture of appreciation boosts morale and motivates everyone to do their best work consistently. This shared purpose creates a positive and motivated workforce dedicated to achieving common goals. The team atmosphere is positive, with frequent recognition of individual and group accomplishments. Tasks are repeated often and executed with efficiency. Shift work can be tiring due to irregular s...

Formula Trailers Overview

Website
www.formulatrailers.com
Founded In
2018
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
19224 County Road 8 Bristol Indiana IN 46507
Revenue
$5 Million - $10 Million
Phone Number
+1 5748480960
Social Media
About Formula Trailers
Formula Trailers was started with the vision to build strong partnerships with dealers and create products with the best value, features and service. Headquartered in Bristol, Indiana, Formula Trailers manufactures a variety of steel and aluminum enclosed cargo and open utility trailers.

What Benefits Does Formula Trailers Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formula Trailers 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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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

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What Is the Cost of Living Near Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Formula Trailers.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Formula Trailers, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Formula Trailers salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formula Trailers

1. What is the estimated average total compensation at Formula Trailers?

Salary.com estimates that the average total compensation package at Formula Trailers, which can include base salary, potential bonuses, and benefits, is around $85,745 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Formula Trailers pay compared to Universal Tank & Fabrication Inc?

The average annual salary at Formula Trailers is $85,745, or an hourly wage of $41, in comparison to Universal Tank & Fabrication Inc which pays $86,114 per year or $41 per hour.

3. Do salaries differ significantly between departments at Formula Trailers?

Yes, salaries often differ between departments at Formula Trailers due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Formula Trailers?

Salary progression from an entry-level to a senior role at Formula Trailers can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Formula Trailers in Indianapolis is fair given the local cost of living?

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

6. Are promotions at Formula Trailers usually accompanied by a significant salary increase?

Yes, promotions at Formula Trailers are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.