Formatec Tooling Systems Inc Salary

Formatec Tooling Systems Inc Salary

How much does the Formatec Tooling Systems Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Formatec Tooling Systems Inc in the United States is $44. This translates to an approximate annual wage of $91,546. Salaries at Formatec Tooling Systems Inc typically range from $39 to $50 hourly, reflecting the diverse roles and experience levels within the company. Formatec Tooling Systems Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Formatec Tooling Systems Inc

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Is Formatec Tooling Systems Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formatec Tooling Systems Inc’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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Average Salary ($/year)
Formatec Tooling Systems Inc
Retail & Wholesale
Crowley Petroleum Services Inc
Norwood Hardware
Industry Comparison
Our data shows that, on average, compensation at Formatec Tooling Systems Inc is below the average for the U.S. Retail & Wholesale industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formatec Tooling Systems Inc average annual salary with several similar companies. Formatec Tooling Systems Inc average salary of $91,546 is lower than Crowley Petroleum Services Inc, which has an average salary of $94,964. It is lower than Norwood Hardware, with their average salary at $93,181. This places Formatec Tooling Systems Inc in a developing position among its peers.
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Companies Similar to Formatec Tooling Systems Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Formatec Tooling Systems Inc

Considering a career at Formatec Tooling Systems Inc? 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 team is collaborative, and the office environment is pleasant. A solid option in Retail & Wholesale. I’ve learned a lot and feel appreciated. Training programs are solid.
Commented in April 14, 2025
17
1
A forward-thinking company with a great work environment. The benefits package is solid, and the work culture is positive. Management is transparent, and the benefits are solid. The leadership team is engaged and approachable. The company invests in employee development with regular training. The benefits are strong, and coworkers are helpful.
Commented in April 04, 2025
43
1
My time here has been stable and predictable. The company invests in its employees, offering training and growth opportunities. Good employee discounts and perks.
Commented in January 10, 2024
45
2

Formatec Tooling Systems Inc Overview

Website
www.formatec.com
Founded In
1986
Employees
25 - 50 employees
Industry
Retail & Wholesale
Headquarter Address
3500 Park Center Dr Dayton Ohio OH 45414
Revenue
$10 Million - $50 Million
Phone Number
+1 9378905880
Social Media
About Formatec Tooling Systems Inc
Formatec is a leading supplier of metal forming systems and tooling for the can making industry. Since 1986, Formatec has introduced many technological innovations and products to continuously improve metal container design and production methods. Established on a founding commitment to advancing can making technology and providing outstanding customer service, Formatec has grown rapidly and today

What Benefits Does Formatec Tooling Systems Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formatec Tooling Systems Inc 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 Dayton?

Understanding the cost of living near Dayton is key to truly evaluating a salary offer or your current compensation at Formatec Tooling Systems Inc.
Dayton's Cost of Living Index is approximately 75.9 (24.1% less expensive than US average; 16.4% less than OH average). SW OH city (Wright-Patt AFB), very affordable. Greater Dayton RTA. When planning your budget based on a salary from Formatec Tooling Systems Inc, consider these typical monthly expenses:
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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