Merritt Yachts Salary

Merritt Yachts Salary

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As of August 2026, the average hourly salary for employees at Merritt Yachts in the United States is $45. This translates to an approximate annual wage of $94,468. Salaries at Merritt Yachts typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Merritt Yachts Pay for Different Roles?

Explore detailed salary information for specific jobs at Merritt Yachts. Based on our data, the highest paying job is the Chief Executive Officer, with an hourly wage of $352. The table below outlines the hourly wage ranges for most popular roles within the company.
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Current Job Openings at Merritt Yachts

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

Is Merritt Yachts’s Pay Competitive? Salary Benchmarking Analysis

How does Merritt Yachts'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
Fitzco Marine Group LLC $43
-4.7%
Normalized for lower cost-of-living zones where Fitzco Marine Group LLC primarily operates.
Southside Marine & Auto LLC $44
-3.8%
Reflects market rates for standard general contracting, differing from specialized roles.
Beaudry Oil & Propane $46
+1.6%
Suggests Beaudry Oil & Propane utilizes a highly similar base-plus-benefits compensation model.
Plantech Trading Inc $55
+22.0%
Influenced by prevailing union wage agreements specific to Plantech Trading Inc's sector.
Retail & Wholesale Industry $60
+30.5%
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 Merritt Yachts and Their Hourly Pay Rates

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

Employee Reviews: Working at Merritt Yachts

Considering a career at Merritt Yachts? 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.
Processes are structured, and expectations are clear. It’s a dependable workplace with fair policies. The wholesale division is efficient, and morale is high. Even in retail locations, scheduling is fair.
Commented in February 16, 2025
18
2
A great employer with a focus on team success. I’ve had a positive experience and would recommend it to others in the industry. Good employee discounts. The company has a great culture and values teamwork. The company also offers performance incentives. The work culture is inclusive, and leadership is transparent.
Commented in December 23, 2024
35
2
The benefits are on par with competitors. A great employer with a focus on employee satisfaction. The team is collaborative, and management is accessible. Coworkers are friendly, and management is fair.
Commented in March 17, 2024
12
0

Merritt Yachts Overview

Website
www.merrittboat.com
Founded In
1961
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
2931 NE 16th St Pompano Beach Florida FL 33062
Revenue
$10 Million - $50 Million
Phone Number
+1 9549436250
Social Media
About Merritt Yachts
Merritt Yachts is a company that operates in the Maritime industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Pompano Beach, Florida.

What Benefits Does Merritt Yachts Offer Beyond Salary?

A competitive compensation package is more than just a salary. Merritt Yachts 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 Fort Lauderdale?

Understanding the cost of living near Fort Lauderdale is key to truly evaluating a salary offer or your current compensation at Merritt Yachts.
Fort Lauderdale's Cost of Living Index is approximately 116.3 (16.3% more expensive than US average; 12.8% more than FL average). South FL coastal city, 'Venice of America', high housing costs, boating culture. Broward County Transit, Water Taxi, Brightline. When planning your budget based on a salary from Merritt Yachts, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,700+ A significant portion of Merritt Yachts salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (BCT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $830+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,330 - $5,220+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Merritt Yachts

1. How much does a Merritt Yachts employee make?

Merritt Yachts pays its employees an average of $45 per hour. The average salary at Merritt Yachts range from $40 to $51 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 Merritt Yachts?

The salary at Merritt Yachts is higher than the similar company. The average annual salary at Merritt Yachts is $94,468, or an hourly wage of $45, in comparison to Fitzco Marine Group LLC which pays $89,995 per year or $43 per hour.

3. How much does a Chief Executive Officer typically earn at Merritt Yachts?

A Chief Executive Officer at Merritt Yachts typically earns an average hourly base salary of around $352, with a general range of $269 to $444.

4. Do employees with advanced degrees (Master's, PhD) earn more at Merritt Yachts?

In many roles at Merritt Yachts, 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 Fort Lauderdale affect the perceived value of a Merritt Yachts salary?

Fort Lauderdale's Cost of Living Index is approximately 116.3 (16.3% more expensive than US average; 12.8% more than FL average). This significantly impacts the purchasing power of a salary from Merritt Yachts based there. Our "Cost of Living Insights for Fort Lauderdale" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Merritt Yachts typically offer employees?

Merritt Yachts 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 Merritt Yachts" section on this page.

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