FR Drake Co Salary

FR Drake Co Salary

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As of August 2026, the average hourly salary for employees at FR Drake Co in the United States is $42. This translates to an approximate annual wage of $86,451. Salaries at FR Drake Co typically range from $37 to $47 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at FR Drake Co

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

Is FR Drake Co’s Pay Competitive? Salary Benchmarking Analysis

How does FR Drake Co'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
Daiei America Inc $42
+1.7%
Confirms Daiei America Inc is a direct competitor vying for the exact same talent pool.
A-D Technologies Co $42
+1.6%
Suggests A-D Technologies Co utilizes a highly similar base-plus-benefits compensation model.
F&H Food Equipment Co $43
+3.0%
Driven by niche technical certifications required for F&H Food Equipment Co's specialized projects.
Konstar LLC $47
+12.0%
Adjusted for higher cost-of-living indices in Konstar LLC's primary metro hubs.
MFG Durable Industry $59
+40.8%
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 FR Drake Co and Their Hourly Pay Rates

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

Employee Reviews: Working at FR Drake Co

Considering a career at FR Drake Co? 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 approachable and transparent, providing clear goals and constructive feedback. Beyond the financial aspects, the company fosters a positive work environment where contributions are recognized, and team achievements are celebrated. Employee ideas are actually implemented. Advancement takes time and persistence. Management communicates expectations well and gives regular perfo...
Commented in February 02, 2025
28
1
There’s also a strong sense of camaraderie—you’re not just a number here. It's empowering to contribute to manufacturing practices that are not only productive but also ecologically conscious. Compensation and benefits are competitive, including profit sharing and excellent healthcare. Coworkers are helpful, and it’s easy to build strong relationships. Equipment and technology are regularly update...
Commented in June 08, 2024
30
0
You feel appreciated and respected here. It’s not just a job—it’s a place where your contribution truly matters every day. Benefits are robust, including health insurance, paid time off, and retirement plans. The role provides consistent pay and predictable hours. This focus on personal improvement is a significant benefit and helps keep the workforce skilled and motivated for new challenges.
Commented in March 21, 2024
8
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FR Drake Co Overview

Website
www.drakeloader.com
Founded In
1979
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1410 Genicom Dr Waynesboro Virginia VA 22980
Revenue
$10 Million - $50 Million
Phone Number
+1 5405694368
Social Media
About FR Drake Co
F.R. Drake Company designs and manufactures automatic loading systems for cylindrical products and frozen patties. Frankfurters and other cylindrical products are loaded into packages at speeds up to 1,800 pieces per minute. Frozen patties are stacked and loaded into boxes at speeds up to 8,000 pounds per hour.

What Benefits Does FR Drake Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. FR Drake Co 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 Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at FR Drake Co.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from FR Drake Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of FR Drake Co salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of FR Drake Co

1. How much does a FR Drake Co employee make?

FR Drake Co pays its employees an average of $42 per hour. The average salary at FR Drake Co range from $37 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. Which similar company tend to pay more or less than FR Drake Co?

The salary at FR Drake Co is lesser than the similar company. The average annual salary at FR Drake Co is $86,451, or an hourly wage of $42, in comparison to Daiei America Inc which pays $87,949 per year or $42 per hour.

3. How much does an Executive Vice President typically earn at FR Drake Co?

An Executive Vice President at FR Drake Co typically earns an average hourly base salary of around $122, with a general range of $101 to $147.

4. Do employees with advanced degrees (Master's, PhD) earn more at FR Drake Co?

In many roles at FR Drake Co, 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.

5. How does the cost of living near Richmond affect the perceived value of a FR Drake Co salary?

Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). This significantly impacts the purchasing power of a salary from FR Drake Co based there. Our "Cost of Living Insights for Richmond" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does FR Drake Co typically offer employees?

FR Drake Co 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 FR Drake Co" section on this page.

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