Formula Trailers Salary

Formula Trailers Salary

How much does the Formula Trailers Pay for employees?

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As of August 2026, the average weekly salary for employees at Formula Trailers in the United States is $1,649. This translates to an approximate annual wage of $85,745. Salaries at Formula Trailers typically range from $1,452 to $1,861 weekly, reflecting the diverse roles and experience levels within the company. Formula Trailers’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 Trailers Pay for Different Roles?

Explore detailed salary information for specific jobs at Formula Trailers. 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 Trailers

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

Is Formula Trailers’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Trailers’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
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90k
60k
30k
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Average Salary ($/year)
Formula Trailers
MFG Durable
Universal Tank & Fabrication Inc
Kyntronics
Industry Comparison
Our data shows that, on average, compensation at Formula Trailers is below the average for the U.S. MFG Durable industry by approximately 30%. 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 Trailers average annual salary with several similar companies. Formula Trailers average salary of $85,745 is lower than Universal Tank & Fabrication Inc, which has an average salary of $86,114. It is lower than Kyntronics, with their average salary at $90,354. This places Formula Trailers in a developing 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 Trailers's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formula Trailers

Considering a career at Formula Trailers? 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 transparent and supportive, fostering open communication. Quality meets standards but rarely exceeds expectations. Skilled technicians handle machinery expertly and efficiently. I’ve been promoted twice in five years because they reward performance and initiative.
Commented in March 07, 2025
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Pay and benefits are industry average. Regular recognition and rewards motivate staff, making it a satisfying and productive place to work. Management genuinely cares about its employees, fostering a supportive and respectful environment. It’s a place where you can truly build a long-term career and feel secure in your role. The training programs are top-notch. Advancement is based on merit, not j...
Commented in January 10, 2025
13
2
This culture of appreciation boosts morale and motivates everyone to do their best work consistently. This shared purpose creates a positive and motivated workforce dedicated to achieving common goals. The team atmosphere is positive, with frequent recognition of individual and group accomplishments. Tasks are repeated often and executed with efficiency. Shift work can be tiring due to irregular s...
Commented in March 22, 2024
15
3

Formula Trailers Overview

Website
www.formulatrailers.com
Founded In
2018
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
19224 County Road 8 Bristol Indiana IN 46507
Revenue
$5 Million - $10 Million
Phone Number
+1 5748480960
Social Media
About Formula Trailers
Formula Trailers was started with the vision to build strong partnerships with dealers and create products with the best value, features and service. Headquartered in Bristol, Indiana, Formula Trailers manufactures a variety of steel and aluminum enclosed cargo and open utility trailers.

What Benefits Does Formula Trailers Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formula Trailers 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Formula Trailers.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Formula Trailers, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Formula Trailers salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formula Trailers

1. What is the estimated average total compensation at Formula Trailers?

Salary.com estimates that the average total compensation package at Formula Trailers, which can include base salary, potential bonuses, and benefits, is around $85,745 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Formula Trailers pay compared to Universal Tank & Fabrication Inc?

The average annual salary at Formula Trailers is $85,745, or an hourly wage of $41, in comparison to Universal Tank & Fabrication Inc which pays $86,114 per year or $41 per hour.

3. Do salaries differ significantly between departments at Formula Trailers?

Yes, salaries often differ between departments at Formula Trailers due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Formula Trailers?

Salary progression from an entry-level to a senior role at Formula Trailers can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Formula Trailers in Indianapolis is fair given the local cost of living?

To determine if a salary offer from Formula Trailers in Indianapolis is fair, first compare the gross salary to our data for similar roles at Formula Trailers and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Indianapolis" to understand its purchasing power.

6. Are promotions at Formula Trailers usually accompanied by a significant salary increase?

Yes, promotions at Formula Trailers are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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