Mustangs Formula Racing Salary

Mustangs Formula Racing Salary

How much does the Mustangs Formula Racing Pay for employees?

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As of August 2026, the average annual salary for employees at Mustangs Formula Racing in the United States is $81,990. This translates to an approximate hourly wage of $39. Salaries at Mustangs Formula Racing typically range from $72,016 to $92,954 annually, reflecting the diverse roles and experience levels within the company. Mustangs Formula Racing’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 Mustangs Formula Racing Pay for Different Roles?

Explore detailed salary information for specific jobs at Mustangs Formula Racing. 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 Mustangs Formula Racing

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

Is Mustangs Formula Racing’s Pay Competitive? Salary Benchmarking Analysis

How does Mustangs Formula Racing’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
60k
30k
0
Average Salary ($/year)
Mustangs Formula Racing
Hospitality & Leisure
Hambric Sports
Bundesrepublikdeutschland
Industry Comparison
Our data shows that, on average, compensation at Mustangs Formula Racing is below the average for the U.S. Hospitality & Leisure 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 Mustangs Formula Racing average annual salary with several similar companies. Mustangs Formula Racing average salary of $81,990 is lower than Hambric Sports, which has an average salary of $88,255. It is lower than Bundesrepublikdeutschland, with their average salary at $84,342. This places Mustangs Formula Racing 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 Mustangs Formula Racing's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Mustangs Formula Racing

Considering a career at Mustangs Formula Racing? 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.
I’ve grown so much professionally thanks to this company. Teamwork is emphasized, making it a great place to collaborate and grow. The compensation is fair, and the schedule is consistent. I joined this company six months ago, and it’s been a great fit.
Commented in March 17, 2025
10
0
The company invests in employee development, offering workshops and mentorship programs. Coworkers are helpful, and management is fair. Overall, it’s a great place to grow professionally while contributing to memorable guest experiences. Career progression is possible, with many internal promotions. Training programs are thorough, helping employees excel in their roles. Benefits like wellness prog...
Commented in March 13, 2025
25
1
Team dynamics are positive, and management is reasonable. Overall, it’s a decent place to work in the hospitality sector. It is innovative, it’s a dependable place to work with steady growth potential.
Commented in February 05, 2024
50
2

Mustangs Formula Racing Overview

Website
Data pending, update soon.
Founded In
2021
Employees
<25 employees
Industry
Hospitality & Leisure
Headquarter Address
3410 Taft Blvd Sikes Lake Ctr Wichita Falls Texas TX 76308
Revenue
<$5 Million
Phone Number
-
Social Media
About Mustangs Formula Racing
MSU Texas FSAE (Mustangs Formula Racing) is a student-led organization at Midwestern State University committed to compete in the Formula SAE competition held annually in Michigan.Launched in early 2021, we have assembled a team geared towards designing, building, testing and racing small open-wheeled formula-style cars for competition against over one hundred other universities at the Formula SAE

What Benefits Does Mustangs Formula Racing Offer Beyond Salary?

A competitive compensation package is more than just a salary. Mustangs Formula Racing 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 Wichita Falls?

Understanding the cost of living near Wichita Falls is key to truly evaluating a salary offer or your current compensation at Mustangs Formula Racing.
Wichita Falls' Cost of Living Index is approximately 77.8 (22.2% less expensive than US average; 16.3% less than TX average). North TX city (Sheppard AFB), very affordable. Falls Ride. When planning your budget based on a salary from Mustangs Formula Racing, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $700 - $1,050+ A significant portion of Mustangs Formula Racing salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $530 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,860 - $3,010+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Mustangs Formula Racing

1. How much does Mustangs Formula Racing in the United States pay?

Mustangs Formula Racing pays its employees an average of $81,990 per year. The average salary at Mustangs Formula Racing range from $72,016 to $92,954 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 Mustangs Formula Racing employees get a higher salary than its peer company?

The salary at Mustangs Formula Racing is lesser than its peer company. The average annual salary at Mustangs Formula Racing is $81,990, or an hourly wage of $39, in comparison to Hambric Sports which pays $88,255 per year or $42 per hour.

3. How much does salary increase with years of experience at Mustangs Formula Racing?

Salary progression with years of experience at Mustangs Formula Racing 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.

4. Do salaries at Mustangs Formula Racing vary by office location?

Yes, it's very likely that salaries at Mustangs Formula Racing 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 Wichita Falls section provides more context.

5. Does Mustangs Formula Racing offer good benefits?

Mustangs Formula Racing 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 Mustangs Formula Racing" section on this page.

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