Drake Manufacturing Services Co Salary

Drake Manufacturing Services Co Salary

How much does the Drake Manufacturing Services Co Pay for employees?

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As of August 2026, the average hourly salary for employees at Drake Manufacturing Services Co in the United States is $43. This translates to an approximate annual wage of $89,510. Salaries at Drake Manufacturing Services Co typically range from $38 to $49 hourly, reflecting the diverse roles and experience levels within the company. Drake Manufacturing Services Co’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 Drake Manufacturing Services Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Drake Manufacturing Services Co. 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.
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Current Job Openings at Drake Manufacturing Services Co

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

Is Drake Manufacturing Services Co’s Pay Competitive? Salary Benchmarking Analysis

How does Drake Manufacturing Services Co’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
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Average Salary ($/year)
Drake Manufacturing Services Co
MFG Durable
Better Packages Inc
GENLED Brands
Industry Comparison
Our data shows that, on average, compensation at Drake Manufacturing Services Co is below the average for the U.S. MFG Durable 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 Drake Manufacturing Services Co average annual salary with several similar companies. Drake Manufacturing Services Co average salary of $89,510 is lower than Better Packages Inc, which has an average salary of $103,149. It is lower than GENLED Brands, with their average salary at $93,497. This places Drake Manufacturing Services Co in a developing position among its peers.
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Companies Similar to Drake Manufacturing Services Co and Their Hourly Pay Rates

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

Employee Reviews: Working at Drake Manufacturing Services Co

Considering a career at Drake Manufacturing Services Co? 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.
Beyond that, the team atmosphere is fantastic. Shift work schedules can be demanding and affect work-life balance. Lots of standing during shifts. My team leads provided hands-on training that made me feel confident quickly. The workplace culture is straightforward but may feel inflexible to some.
Commented in March 21, 2025
22
3
I’ve really enjoyed being part of this company. Leadership invests in training and development, encouraging career growth. Workload can fluctuate, causing occasional stress during peak seasons.
Commented in December 28, 2024
23
0
Skilled technicians handle machinery expertly and efficiently. Working here has improved my confidence. It’s a dynamic and engaging workplace where your contributions are recognized and appreciated by a supportive team. The culture here is based on respect, productivity, and teamwork. Workload can be heavy during peak production seasons. If you're self-sufficient and like routine, it works well. M...
Commented in October 24, 2024
17
0
Strong daily coordination between departments keeps everything running efficiently. Benefits are robust, including health insurance, paid time off, and retirement plans. Great teamwork across all departments.
Commented in February 28, 2024
13
2

Drake Manufacturing Services Co Overview

Website
www.drakemfg.com
Founded In
1972
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
4371 N Leavitt Rd NW Warren Ohio OH 44485
Revenue
$10 Million - $50 Million
Phone Number
+1 3308477291
Social Media
About Drake Manufacturing Services Co
Drake Manufacturing Services Co., LLC is a leading manufacturer of precision CNC machine tools. However, we do more than build machine tools. We apply our part making experience to your specific manufacturing applications and help you build better products. We not only take responsibility for machine performance, but also for process capability. Drake machines are designed and built to the concept

What Benefits Does Drake Manufacturing Services Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Drake Manufacturing Services Co 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 Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Drake Manufacturing Services Co.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Drake Manufacturing Services Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Drake Manufacturing Services Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 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) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Drake Manufacturing Services Co

1. How much does Drake Manufacturing Services Co in the United States pay?

Drake Manufacturing Services Co pays its employees an average of $43 per hour. The average salary at Drake Manufacturing Services Co range from $38 to $49 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. Do Drake Manufacturing Services Co employees get a higher salary than its peer company?

The salary at Drake Manufacturing Services Co is lesser than its peer company. The average annual salary at Drake Manufacturing Services Co is $89,510, or an hourly wage of $43, in comparison to Better Packages Inc which pays $103,149 per year or $50 per hour.

3. What are the highest paying jobs at Drake Manufacturing Services Co?

The higher-paying job at Drake Manufacturing Services Co, according to our data, include Vice President, Operations (avg. $127 per hour), Chief Technology Officer (avg. $119 per hour), and Vice President, Sales & Marketing (avg. $99 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Drake Manufacturing Services Co?

Salary progression with years of experience at Drake Manufacturing Services Co 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 Drake Manufacturing Services Co vary by office location?

Yes, it's very likely that salaries at Drake Manufacturing Services Co 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 Cleveland section provides more context.

6. Does Drake Manufacturing Services Co offer good benefits?

Drake Manufacturing Services Co 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 Drake Manufacturing Services Co" section on this page.

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