Formative Psychological Services Salary

Formative Psychological Services Salary

How much does the Formative Psychological Services Pay for employees?

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As of August 2026, the average annual salary for employees at Formative Psychological Services in the United States is $95,955. This translates to an approximate hourly wage of $46. Salaries at Formative Psychological Services typically range from $84,295 to $108,818 annually, reflecting the diverse roles and experience levels within the company. Formative Psychological Services’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.

How Much Does Formative Psychological Services Pay for Different Roles?

Explore detailed salary information for specific jobs at Formative Psychological Services. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
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.
How accurate does the salary look to you?

Current Job Openings at Formative Psychological Services

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

Is Formative Psychological Services’s Pay Competitive? Salary Benchmarking Analysis

How does Formative Psychological Services’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
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30k
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Average Salary ($/year)
Formative Psychological Services
Healthcare
Meridian DBT
Behavior Health Partners PLLC
Industry Comparison
Our data shows that, on average, compensation at Formative Psychological Services is below the average for the U.S. Healthcare industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formative Psychological Services average annual salary with several similar companies. Formative Psychological Services average salary of $95,955 is higher than Meridian DBT, which has an average salary of $87,401. It is higher than Behavior Health Partners PLLC, with their average salary at $88,171. This places Formative Psychological Services in a competitive position among its peers.
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How Formative Psychological Services's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formative Psychological Services

Considering a career at Formative Psychological Services? 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.
Their respectful demeanor sets a high standard for community healthcare. It's inspiring to work where the mission of healing is lived daily at every level. Coworkers are friendly, and processes are solid. Most importantly, there's a palpable sense of purpose - everyone understands how their role contributes to patient wellbeing. Benefits are fair, and the culture is mostly positive.
Commented in April 16, 2025
21
0
Beyond treating patients within our facilities, the organization actively engages in public health initiatives and preventative care programs. Employees are empowered to speak up and fix problems. Our healthcare services make a difference in the community, and everyone takes that responsibility seriously. What I love most is the patient-centered approach.
Commented in March 10, 2025
38
1
It’s inspiring to work somewhere that prioritizes both patients and staff equally. However, the bureaucratic structure responses to new ideas. The teamwork here is unbeatable. Management maintains a professional environment but may be distant from frontline workers. There’s not much excitement day-to-day, but the coworkers are kind, and the patients are appreciative.
Commented in July 22, 2024
31
3

Formative Psychological Services Overview

Website
www.fpschicago.com
Founded In
2015
Employees
<25 employees
Industry
Healthcare
Headquarter Address
5100 N Ravenswood Ave Chicago Illinois IL 60640
Revenue
<$5 Million
Phone Number
+1 8722419337
Social Media
About Formative Psychological Services
We are a group of mental health clinicians in Chicago ready to guide and empower you to start living the life you have always wanted. It is never too late to make a change, make a new plan, learn a new mindset, understand yourself, your child or family better. We provide therapy and psychological testing services to individuals, couples, and families in all phases of life. Our goal is to create a

What Benefits Does Formative Psychological Services Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formative Psychological Services 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Formative Psychological Services.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Formative Psychological Services, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Formative Psychological Services salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formative Psychological Services

1. How much does Formative Psychological Services in the United States pay?

Formative Psychological Services pays its employees an average of $95,955 per year. The average salary at Formative Psychological Services range from $84,295 to $108,818 per year. 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. Do Formative Psychological Services employees get a higher salary than its peer company?

The salary at Formative Psychological Services is higher than its peer company. The average annual salary at Formative Psychological Services is $95,955, or an hourly wage of $46, in comparison to Meridian DBT which pays $87,401 per year or $42 per hour.

3. What are the highest paying jobs at Formative Psychological Services?

The higher-paying job at Formative Psychological Services, according to our data, include Clinical Director (avg. $287,279 per year), Psychotherapist (avg. $86,787 per year), and Licensed Clinical Psychologist (avg. $86,787 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Formative Psychological Services?

Salary progression with years of experience at Formative Psychological Services is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Formative Psychological Services vary by office location?

Yes, it's very likely that salaries at Formative Psychological Services vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Chicago section provides more context.

6. Does Formative Psychological Services offer good benefits?

Formative Psychological Services typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Formative Psychological Services" section on this page.

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