Formula Propeller & Marine Salary

Formula Propeller & Marine Salary

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As of August 2026, the average hourly salary for employees at Formula Propeller & Marine in the United States is $41. This translates to an approximate annual wage of $85,747. Salaries at Formula Propeller & Marine typically range from $36 to $47 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Formula Propeller & Marine Pay for Different Roles?

Explore detailed salary information for specific jobs at Formula Propeller & Marine. Based on our data, the highest paying job is the Human Resources Director - Virtual, with an hourly wage of $91. The table below outlines the hourly wage ranges for most popular roles within the company.

Bookkeeper and Administrative Specialist

$27 / hour

Salary Range: $24 - $30

Accounts Payable

FT - Family Law Paralegal Marietta (2219)

$43 / hour

Salary Range: $39 - $48

Legal

FT Accountant (2224)

$41 / hour

Salary Range: $37 - $45

Finance and Accounting

FT Administrative Assistant/Research Assistant - Perimeter Area (2202)

$32 / hour

Salary Range: $29 - $36

Administrative Assistant IV

FT Corporate Recruiter (2210)

$82 / hour

Salary Range: $70 - $95

Sales

FT Family Law Paralegal Buckhead (2218)

$45 / hour

Salary Range: $41 - $50

Legal

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Formula Propeller & Marine.
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About Formula Propeller & Marine: Company Profile

Website
www.formulapropeller.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Business Services
Headquarter Location
MAPLE GROVE
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About FORMULA PROPELLER & MARINE
At Formula Propeller and Marine, we don't simply sell and repair boat propellers, winterize, shrink wrap and store boats, we've perfected the craft.

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Formula Propeller & Marine's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
I feel supported in my role and know what’s expected of me. Regular updates and open forums ensure we are all informed and aligned, fostering a strong sense of trust and shared purpose. You never feel like just a number. I feel truly supported in my professional development and know they have my back. Employees have opportunities to move into different roles based on performance.
Commented in March 31, 2025
22
3
The company values employee input and consistently provides growth opportunities. Fair pricing, average delivery. There’s a sense of security in the organization’s structure, though that can also mean fewer opportunities for quick progression. I’ve enjoyed the team atmosphere and the way leaders listens.
Commented in July 22, 2024
31
0
It’s a good environment if you're not seeking rapid career advancement or high-intensity projects. The benefits package is competitive, and compensation is fair. Encouraging feedback from management. It feels very egalitarian. The company celebrates milestones, both big and small. Trustworthy and dependable. I’ve been given opportunities to lead initiatives, which has helped me grow professionally...
Commented in May 07, 2024
28
2
This hands-on guidance and the sharing of invaluable industry experience are instrumental in personal and professional growth. The company offers solid professional development. From mental health resources to wellness challenges, they invest in our overall health and happiness. The tools and technology we use are top-notch. Will continue partnering with them for future needs!.
Commented in January 22, 2024
10
0

How Formula Propeller & Marine's Salaries Compare to Similar Companies?

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

Is Formula Propeller & Marine’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Propeller & Marine'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
FORTRAN COMMUNICATIONS $37
-10.2%
Normalized for lower cost-of-living zones where FORTRAN COMMUNICATIONS primarily operates.
FOX RIDGE COMMUICATIONS $37
-9.5%
FOX RIDGE COMMUICATIONS may offer non-monetary perks in lieu of competitive base salaries.
FIBERUTILITIES $37
-10.0%
FIBERUTILITIES focuses strategically on recruiting and training entry-level apprentices.
FIRST ACCESS TECHNOLOGIES $42
+1.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Business Services Industry $59
+41.0%
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.

What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Formula Propeller & Marine.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Formula Propeller & Marine, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Formula Propeller & Marine salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Formula Propeller & Marine

FAQ 1: How much does a Formula Propeller & Marine employee make?
Formula Propeller & Marine pays its employees an average of $41 per hour. The average salary at Formula Propeller & Marine range from $36 to $47 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.
FAQ 2: Which similar company tend to pay more or less than Formula Propeller & Marine?
The salary at Formula Propeller & Marine is higher than the similar company. The average annual salary at Formula Propeller & Marine is $85,747, or an hourly wage of $41, in comparison to FORTRAN COMMUNICATIONS which pays $76,966 per year or $37 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Formula Propeller & Marine?
In many roles at Formula Propeller & Marine, 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 Minneapolis affect the perceived value of a Formula Propeller & Marine salary?
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Formula Propeller & Marine based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Formula Propeller & Marine typically offer employees?
Formula Propeller & Marine 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 Propeller & Marine" section on this page.

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