Formula Trailers Salary

Formula Trailers Salary

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As of August 2026, the average hourly salary for employees at Formula Trailers in the United States is $41. This translates to an approximate annual wage of $85,745. Salaries at Formula Trailers typically range from $36 to $47 hourly, 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 hourly wage of $95. The table below outlines the hourly wage ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Formula Trailers

Ready for your next career move? Explore current job openings at Formula Trailers. Use the search tool below to find available positions by title and location and apply directly to start your career.

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 $41
+0.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Kyntronics $43
+5.4%
Driven by niche technical certifications required for Kyntronics's specialized projects.
Shawnee Steel & Welding Inc $43
+3.8%
Data suggests Shawnee Steel & Welding Inc's workforce skews heavily towards veteran, high-tenure roles.
Dimensional Industries $47
+13.6%
Supported by Dimensional Industries's high-margin contracts allowing higher overhead.
MFG Durable Industry $59
+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.

Companies Similar to Formula Trailers and Their Hourly Pay Rates

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

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.
Commented in March 07, 2025
15
0
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...
Commented in January 10, 2025
13
2
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...
Commented in March 22, 2024
15
3

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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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 typical salary range (low to high) for most roles at Formula Trailers?

The typical salary range for most roles at Formula Trailers is approximately 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.

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. How does experience level affect salary at Formula Trailers?

Experience level is a significant factor in determining salary at Formula Trailers, 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.

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. Why might an individual's actual salary at Formula Trailers differ from the ranges shown here?

An individual's actual salary at Formula Trailers can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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