Formatec Tooling Systems Inc Salary
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Current Job Openings at Formatec Tooling Systems Inc
Is Formatec Tooling Systems Inc’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Crowley Petroleum Services Inc | $46 |
+3.7%
|
Supported by Crowley Petroleum Services Inc's high-margin contracts allowing higher overhead. |
| Norwood Hardware | $45 |
+1.8%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| TOOFast Supply | $43 |
-2.6%
|
Reflects stabilized pricing equilibrium for commercial construction roles in this region. |
| Commercial Door & Hardware Inc | $40 |
-8.7%
|
Commercial Door & Hardware Inc likely leverages performance bonuses over the high base salary shown here. |
| Retail & Wholesale Industry | $60 |
+34.7%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
Companies Similar to Formatec Tooling Systems Inc and Their Hourly Pay Rates
Crowley Petroleum Services Inc
$46 / hour
Salary Range: $40 - $52
Atlanta, GA
Norwood Hardware
$45 / hour
Salary Range: $39 - $51
Cincinnati, OH
TOOFast Supply
$43 / hour
Salary Range: $38 - $49
Columbus, NE
Commercial Door & Hardware Inc
$40 / hour
Salary Range: $35 - $45
Paducah, KY
Mill Supplies Inc
$43 / hour
Salary Range: $38 - $49
Fort Wayne, IN
Colorado Fasteners Inc
$45 / hour
Salary Range: $40 - $51
Edwards, CO
Apple Fasteners Inc
$43 / hour
Salary Range: $38 - $49
Camp Hill, PA
Security Hardware Distributors Association
$48 / hour
Salary Range: $42 - $54
Annapolis, MD
CBS Fasteners Inc
$50 / hour
Salary Range: $44 - $56
Anaheim, CA
Employee Reviews: Working at Formatec Tooling Systems Inc
Formatec Tooling Systems Inc Overview
What Benefits Does Formatec Tooling Systems Inc Offer Beyond Salary?
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What Is the Cost of Living Near Dayton?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $700 - $1,050+ | A significant portion of Formatec Tooling Systems Inc salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $240 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $55 (RTA monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $360 - $530 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $300 - $580+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $350 - $640+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $1,915 - $3,045+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Formatec Tooling Systems Inc
1. What is the typical salary range (low to high) for most roles at Formatec Tooling Systems Inc?
The typical salary range for most roles at Formatec Tooling Systems Inc is approximately from $39 to $50 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. How much does Formatec Tooling Systems Inc pay compared to Crowley Petroleum Services Inc?
The average annual salary at Formatec Tooling Systems Inc is $91,546, or an hourly wage of $44, in comparison to Crowley Petroleum Services Inc which pays $94,964 per year or $46 per hour.
3. How does experience level affect salary at Formatec Tooling Systems Inc?
Experience level is a significant factor in determining salary at Formatec Tooling Systems 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 Formatec Tooling Systems Inc in Dayton is fair given the local cost of living?
To determine if a salary offer from Formatec Tooling Systems Inc in Dayton is fair, first compare the gross salary to our data for similar roles at Formatec Tooling Systems Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Dayton" to understand its purchasing power.
5. Are the salaries listed for Formatec Tooling Systems Inc on Salary.com pre-tax or after-tax?
All salary figures displayed for Formatec Tooling Systems Inc, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.
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