Formula Packaging Machinery Inc Salary

Formula Packaging Machinery Inc Salary

How much does the Formula Packaging Machinery Inc Pay for employees?

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As of July 2026, the average annual salary for employees at Formula Packaging Machinery Inc in the United States is $82,158. This translates to an approximate hourly wage of $39. Salaries at Formula Packaging Machinery Inc typically range from $72,364 to $92,710 annually, reflecting the diverse roles and experience levels within the company. Formula Packaging Machinery 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.

How Much Does Formula Packaging Machinery Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Formula Packaging Machinery Inc. 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 Formula Packaging Machinery Inc

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

Is Formula Packaging Machinery Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Packaging Machinery Inc’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)
Formula Packaging Machinery Inc
MFG Durable
DasPac Inc
Lunaz Ltd
Industry Comparison
Our data shows that, on average, compensation at Formula Packaging Machinery Inc is below the average for the U.S. MFG Durable industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formula Packaging Machinery Inc average annual salary with several similar companies. Formula Packaging Machinery Inc average salary of $82,158 is higher than DasPac Inc, which has an average salary of $80,513. It is lower than Lunaz Ltd, with their average salary at $97,305. This places Formula Packaging Machinery Inc in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Formula Packaging Machinery Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formula Packaging Machinery Inc

Considering a career at Formula Packaging Machinery 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.
It’s a job where you punch in, do your part, and go home. I like the routine and structure of the day. Break areas could use improvement. The company encourages cross-functional teamwork and open communication. Beyond safety, the opportunities to contribute to process improvements and product innovation are always available, making the work both safe and stimulating.
Commented in April 09, 2025
31
3
Career advancement opportunities are present. While it’s nice to have a routine, it can also become monotonous over time. Work is steady and it is excitement or variation. The company provides excellent training and equipment to ensure a secure working environment. Equipment is well-maintained, and expectations are clear. Work schedules are predictable, with flexibility when needed. Training is c...
Commented in August 25, 2024
37
1
The training programs ensure all team members meet high quality standards. Management is friendly but often implement changes. The integration of advanced technologies with skilled human workers creates an engaging work environment. I enjoy the structure and clarity of my role. The facility is clean, well-organized, and up-to-date.
Commented in February 24, 2024
20
3

Formula Packaging Machinery Inc Overview

Website
www.formulapackaging.com
Founded In
1997
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
19034 N Shore Dr Ferrysburg Michigan MI 49409
Revenue
<$5 Million
Phone Number
+1 6168468954
Social Media
About Formula Packaging Machinery Inc
Formula Packaging Machinery, Inc. represents quality machinery manufacturers whose business model emphasizes strong customer commitment, machine reliability and innovative engineering. When I started Formula Packaging Machinery in 1992, I wanted to represent a group of machinery manufacturers whose quality was apparent; companies we can be proud of and can count on to take care of our customers. T

What Benefits Does Formula Packaging Machinery Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formula Packaging Machinery 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 Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Formula Packaging Machinery Inc.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Formula Packaging Machinery Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Formula Packaging Machinery Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid 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 $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formula Packaging Machinery Inc

1. What is the average salary for employees at Formula Packaging Machinery Inc?

The average annual total compensation for employees at Formula Packaging Machinery Inc is approximately $82,158. However, this is an aggregate figure, actual salaries can range significantly, typically from $72,364 to $92,710, depending on factors like job role, experience, and location.

2. How much does Formula Packaging Machinery Inc pay compared to DasPac Inc?

The average annual salary at Formula Packaging Machinery Inc is $82,158, or an hourly wage of $39, in comparison to DasPac Inc which pays $80,513 per year or $39 per hour.

3. How does having a professional certification impact salary for relevant roles at Formula Packaging Machinery Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Formula Packaging Machinery Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Formula Packaging Machinery Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Grand Rapids?

While some companies offer formal COLA, many, including potentially Formula Packaging Machinery Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Formula Packaging Machinery Inc?

Most companies, likely including Formula Packaging Machinery Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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