Somoco Inc Salary

Somoco Inc Salary

How much does the Somoco Inc Pay for employees?

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As of July 2026, the average annual salary for employees at Somoco Inc in the United States is $83,909. This translates to an approximate hourly wage of $40. Salaries at Somoco Inc typically range from $73,702 to $95,125 annually, reflecting the diverse roles and experience levels within the company. Somoco Inc’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 Somoco Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Somoco Inc. 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 Somoco Inc

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

Is Somoco Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Somoco Inc’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
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90k
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Average Salary ($/year)
Somoco Inc
Hospitality & Leisure
Cavg
Yum & Chill
Industry Comparison
Our data shows that, on average, compensation at Somoco Inc is below the average for the U.S. Hospitality & Leisure industry by approximately 32%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Somoco Inc average annual salary with several similar companies. Somoco Inc average salary of $83,909 is lower than Cavg, which has an average salary of $87,675. It is lower than Yum & Chill, with their average salary at $100,691. This places Somoco Inc in a developing position among its peers.
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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 Somoco Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Somoco Inc

Considering a career at Somoco Inc? 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.
My experience has been steady, with a well-organized workflow. I appreciate the emphasis on employee well-being and career development. I joined this company six months ago, and it’s been a great fit. Training is sufficient, though more mentorship opportunities would be helpful. I appreciate the supportive environment here.
Commented in April 10, 2025
25
1
The benefits, including health and wellness programs, are outstanding. Strong leadership and clear goals. Tbh this might not be the most extraordinary, it’s a dependable workplace in hospitality. They offer mental health resources and flexible scheduling. I’m proud to work for a company that values both employees and customers. Flexible scheduling and mental health resources are available.
Commented in July 24, 2024
30
3
It’s a stable option for those in hospitality. The workplace is well-structured with clear policies. The benefits are standard for the industry, and the work environment is clean and organized.
Commented in March 22, 2024
8
1

Somoco Inc Overview

Website
Data pending, update soon.
Founded In
1984
Employees
<25 employees
Industry
Hospitality & Leisure
Headquarter Address
13685 S West Bay Shore Dr Traverse City Michigan MI 49684
Revenue
<$5 Million
Phone Number
+1 2319460200
Social Media
About Somoco Inc
Somoco Inc is a company that operates in the Oil & Energy industry. It employs 6-10 people and has $1M-$5M of revenue. The company is headquartered in Traverse City, Michigan.

What Benefits Does Somoco Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Somoco Inc 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 Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Somoco Inc.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Somoco Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Somoco Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid 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 $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Somoco Inc

1. How much does a Somoco Inc employee make?

Somoco Inc pays its employees an average of $83,909 per year. The average salary at Somoco Inc range from $73,702 to $95,125 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 Somoco Inc?

The salary at Somoco Inc is lesser than the similar company. The average annual salary at Somoco Inc is $83,909, or an hourly wage of $40, in comparison to Cavg which pays $87,675 per year or $42 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Somoco Inc?

In many roles at Somoco Inc, 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 Grand Rapids affect the perceived value of a Somoco Inc salary?

Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). This significantly impacts the purchasing power of a salary from Somoco Inc based there. Our "Cost of Living Insights for Grand Rapids" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Somoco Inc typically offer employees?

Somoco Inc 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 Somoco Inc" section on this page.

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