Merritt Yachts Salary

Merritt Yachts Salary

How much does the Merritt Yachts Pay for employees?

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As of August 2026, the average annual salary for employees at Merritt Yachts in the United States is $94,468. This translates to an approximate hourly wage of $45. Salaries at Merritt Yachts typically range from $83,031 to $106,928 annually, reflecting the diverse roles and experience levels within the company. Merritt Yachts’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 Merritt Yachts Pay for Different Roles?

Explore detailed salary information for specific jobs at Merritt Yachts. 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 Merritt Yachts

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

Is Merritt Yachts’s Pay Competitive? Salary Benchmarking Analysis

How does Merritt Yachts’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
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Average Salary ($/year)
Merritt Yachts
Retail & Wholesale
Fitzco Marine Group LLC
Southside Marine & Auto LLC
Industry Comparison
Our data shows that, on average, compensation at Merritt Yachts is below the average for the U.S. Retail & Wholesale industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Merritt Yachts average annual salary with several similar companies. Merritt Yachts average salary of $94,468 is higher than Fitzco Marine Group LLC, which has an average salary of $89,995. It is higher than Southside Marine & Auto LLC, with their average salary at $90,839. This places Merritt Yachts in a competitive 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 Merritt Yachts's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Merritt Yachts

Considering a career at Merritt Yachts? 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.
Processes are structured, and expectations are clear. It’s a dependable workplace with fair policies. The wholesale division is efficient, and morale is high. Even in retail locations, scheduling is fair.
Commented in February 16, 2025
18
2
A great employer with a focus on team success. I’ve had a positive experience and would recommend it to others in the industry. Good employee discounts. The company has a great culture and values teamwork. The company also offers performance incentives. The work culture is inclusive, and leadership is transparent.
Commented in December 23, 2024
35
2
The benefits are on par with competitors. A great employer with a focus on employee satisfaction. The team is collaborative, and management is accessible. Coworkers are friendly, and management is fair.
Commented in March 17, 2024
12
0

Merritt Yachts Overview

Website
www.merrittboat.com
Founded In
1961
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
2931 NE 16th St Pompano Beach Florida FL 33062
Revenue
$10 Million - $50 Million
Phone Number
+1 9549436250
Social Media
About Merritt Yachts
Merritt Yachts is a company that operates in the Maritime industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Pompano Beach, Florida.

What Benefits Does Merritt Yachts Offer Beyond Salary?

A competitive compensation package is more than just a salary. Merritt Yachts 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 Fort Lauderdale?

Understanding the cost of living near Fort Lauderdale is key to truly evaluating a salary offer or your current compensation at Merritt Yachts.
Fort Lauderdale's Cost of Living Index is approximately 116.3 (16.3% more expensive than US average; 12.8% more than FL average). South FL coastal city, 'Venice of America', high housing costs, boating culture. Broward County Transit, Water Taxi, Brightline. When planning your budget based on a salary from Merritt Yachts, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,700+ A significant portion of Merritt Yachts salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (BCT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $830+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,330 - $5,220+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Merritt Yachts

1. What is the estimated average total compensation at Merritt Yachts?

Salary.com estimates that the average total compensation package at Merritt Yachts, which can include base salary, potential bonuses, and benefits, is around $94,468 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Merritt Yachts pay compared to Fitzco Marine Group LLC?

The average annual salary at Merritt Yachts is $94,468, or an hourly wage of $45, in comparison to Fitzco Marine Group LLC which pays $89,995 per year or $43 per hour.

3. Do salaries differ significantly between departments at Merritt Yachts?

Yes, salaries often differ between departments at Merritt Yachts 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 Merritt Yachts?

Salary progression from an entry-level to a senior role at Merritt Yachts 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 Merritt Yachts in Fort Lauderdale is fair given the local cost of living?

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

6. Are promotions at Merritt Yachts usually accompanied by a significant salary increase?

Yes, promotions at Merritt Yachts 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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