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Classic Elite Yarns Salary

Classic Elite Yarns Salary

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As of October 2026, the average hourly salary for employees at Classic Elite Yarns in the United States is $50. This translates to an approximate annual wage of $105,026. Salaries at Classic Elite Yarns typically range from $44 to $57 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Classic Elite Yarns Pay for Different Roles?

Explore detailed salary information for specific jobs at Classic Elite Yarns. Based on our data, the highest paying job is the Creative Director, with an hourly wage of $68. The table below outlines the hourly wage ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Classic Elite Yarns’s Pay Competitive? Salary Benchmarking Analysis

How does Classic Elite Yarns'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
New Flag GmbH $56
+11.2%
Driven by niche technical certifications required for New Flag GmbH's specialized projects.
La Bonne Bouchée $46
-9.2%
Reflects market rates for standard general contracting, differing from specialized roles.
Cook Volkswagen $45
-11.6%
Cook Volkswagen likely leverages performance bonuses over the high base salary shown here.
Morgan Fabrics Corp $53
+5.0%
Reflects a supply-demand imbalance for the specific talent Morgan Fabrics Corp targets.
Retail & Wholesale Industry $60
+17.4%
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.

Companies Similar to Classic Elite Yarns and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Classic Elite Yarns. Click a company name to learn more.

Employee Reviews: Working at Classic Elite Yarns

Considering a career at Classic Elite Yarns? 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-life balance is respected, and management is flexible with scheduling when needed. The benefits package is strong, including health coverage and retirement plans. The office/retail spaces are well-maintained, and the technology systems are up-to-date. The company has a strong vision and a talented team.
Commented in May 29, 2025
42
0
Colleagues are friendly, and the office environment is functional. The workplace is efficient, and tasks are well-distributed. Coworkers are cooperative, and management is fair. Consistent workflow. This company is one of the best employers in the Retail & Wholesale space. Happy with my role. The team is cooperative, and management maintains a professional atmosphere.
Commented in March 10, 2025
13
2
Leadership is transparent and approachable. Coworkers are friendly and always willing to help. The company fosters a supportive and engaging work environment. The leadership team is approachable and encourages professional development. Highly recommend joining this organization.
Commented in February 06, 2024
9
3

Classic Elite Yarns Overview

Website
www.classiceliteyarns.com
Founded In
1985
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
16 Esquire Rd North Billerica Massachusetts MA 01862
Revenue
$10 Million - $50 Million
Phone Number
+1 8003430308
Social Media
About Classic Elite Yarns
Classic Elite Yarns had its origin in the late 1940s as part of an old-line textile manufacturing mill in Lowell, MA. In the 1980s, CEY began presenting at industry trade shows and producing collections of handknitting designs and the new company also began to make the pages of international fashion magazines. After nearly 40 years, Classic Elite Yarns has closed its doors ( read more on the CEY b

What Benefits Does Classic Elite Yarns Offer Beyond Salary?

A competitive compensation package is more than just a salary. Classic Elite Yarns 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 Lowell?

Understanding the cost of living near Lowell is key to truly evaluating a salary offer or your current compensation at Classic Elite Yarns.
Lowell's Cost of Living Index is approximately 115.8 (15.8% more expensive than US average; 12.7% less than MA average). Merrimack Valley city, historic mills, housing more affordable than Boston. LRTA bus, Commuter Rail. When planning your budget based on a salary from Classic Elite Yarns, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,300+ A significant portion of Classic Elite Yarns salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (LRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,070 - $4,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Classic Elite Yarns

1. How much does a Classic Elite Yarns employee make?

Classic Elite Yarns pays its employees an average of $50 per hour. The average salary at Classic Elite Yarns range from $44 to $57 per hour. 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. Which similar company tend to pay more or less than Classic Elite Yarns?

The salary at Classic Elite Yarns is lesser than the similar company. The average annual salary at Classic Elite Yarns is $105,026, or an hourly wage of $50, in comparison to New Flag GmbH which pays $116,808 per year or $56 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Classic Elite Yarns?

In many roles at Classic Elite Yarns, 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.

4. How does the cost of living near Lowell affect the perceived value of a Classic Elite Yarns salary?

Lowell's Cost of Living Index is approximately 115.8 (15.8% more expensive than US average; 12.7% less than MA average). This significantly impacts the purchasing power of a salary from Classic Elite Yarns based there. Our "Cost of Living Insights for Lowell" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Classic Elite Yarns typically offer employees?

Classic Elite Yarns 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 Classic Elite Yarns" section on this page.

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