Northwestern Formula Racing Salary

Northwestern Formula Racing Salary

How much does the Northwestern Formula Racing Pay for employees?

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As of August 2026, the average annual salary for employees at Northwestern Formula Racing in the United States is $93,181. This translates to an approximate hourly wage of $45. Salaries at Northwestern Formula Racing typically range from $81,840 to $105,636 annually, reflecting the diverse roles and experience levels within the company. Northwestern 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 Northwestern Formula Racing Pay for Different Roles?

Explore detailed salary information for specific jobs at Northwestern 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.
How accurate does the salary look to you?

Current Job Openings at Northwestern Formula Racing

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

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

How does Northwestern 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
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Average Salary ($/year)
Northwestern Formula Racing
Hospitality & Leisure
Niagara Frontier Bicycle Club
TalonsCove Golf Club
Industry Comparison
Our data shows that, on average, compensation at Northwestern Formula Racing is below the average for the U.S. Hospitality & Leisure industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Northwestern Formula Racing average annual salary with several similar companies. Northwestern Formula Racing average salary of $93,181 is higher than Niagara Frontier Bicycle Club, which has an average salary of $83,846. It is higher than TalonsCove Golf Club, with their average salary at $82,274. This places Northwestern Formula Racing 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 Northwestern 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 Northwestern Formula Racing. Click a company name to learn more.

Employee Reviews: Working at Northwestern Formula Racing

Considering a career at Northwestern 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.
A good option for those who prefer predictability in hospitality work. The leadership is approachable, though decision-making can sometimes take time. The company provides a steady work environment with clear expectations. The management team is approachable, and the work environment is positive. The company operates efficiently within the hospitality sector, and the workflow is well-organized.
Commented in February 24, 2025
27
2
I’ve been with this company for over three years, and it’s been a rewarding journey. I’d recommend this workplace to anyone seeking growth in hospitality. The scheduling is fair, and there’s a strong emphasis on teamwork. The training programs are top-notch, and career advancement is possible. The company truly values its employees. Good work-life balance.
Commented in September 29, 2024
16
2
It’s a fantastic place to work. The job is reliable, and the team is easy to work with. It’s a pleasure to work for such a reputable organization. The management team is proactive in addressing concerns and provides regular feedback. My experience has been consistent.
Commented in January 05, 2024
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2

Northwestern Formula Racing Overview

Website
www.northwesternformularacing.com
Founded In
2006
Employees
<25 employees
Industry
Hospitality & Leisure
Headquarter Address
2133 Sheridan Rd Evanston Illinois IL 60208
Revenue
<$5 Million
Phone Number
+1 8474913004
Social Media
About Northwestern Formula Racing
Northwestern Formula Racing designs, builds, and tests a new vehicle every year. When complete, we take our car to two competitions where we race against over one hundred schools on an international level. We rely on our corporate sponsors for the majority of our funding to manufacture our race car. Sponsors support us in a variety of ways: Monetary donations Material, part, or equipment donations

What Benefits Does Northwestern Formula Racing Offer Beyond Salary?

A competitive compensation package is more than just a salary. Northwestern 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 Evanston?

Understanding the cost of living near Evanston is key to truly evaluating a salary offer or your current compensation at Northwestern Formula Racing.
Evanston's Cost of Living Index is approximately 123.7 (23.7% more expensive than US average; 31.9% more than IL average). North Shore Chicago suburb (Northwestern Univ.), very desirable, high housing costs. Pace bus, CTA Purple Line, Metra. When planning your budget based on a salary from Northwestern Formula Racing, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Northwestern Formula Racing salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace/CTA/Metra (varies) 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 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $410 - $760+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,140 - $5,050+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Northwestern Formula Racing

1. How much does a Northwestern Formula Racing employee make?

Northwestern Formula Racing pays its employees an average of $93,181 per year. The average salary at Northwestern Formula Racing range from $81,840 to $105,636 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. Which similar company tend to pay more or less than Northwestern Formula Racing?

The salary at Northwestern Formula Racing is higher than the similar company. The average annual salary at Northwestern Formula Racing is $93,181, or an hourly wage of $45, in comparison to Niagara Frontier Bicycle Club which pays $83,846 per year or $40 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Northwestern Formula Racing?

In many roles at Northwestern Formula Racing, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Evanston affect the perceived value of a Northwestern Formula Racing salary?

Evanston's Cost of Living Index is approximately 123.7 (23.7% more expensive than US average; 31.9% more than IL average). This significantly impacts the purchasing power of a salary from Northwestern Formula Racing based there. Our "Cost of Living Insights for Evanston" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Northwestern Formula Racing typically offer employees?

Northwestern Formula Racing generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Northwestern Formula Racing" section on this page.

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