Toolmaker Salary

Toolmakers in the United States are largely men, earning an average of $23.78 per hour. In the world of Toolmakers, total cash compensation can vary between $36K and $75K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $2K and $11K, respectively. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most enjoy medical while a majority get dental coverage. Vision coverage is also available to just over two-fifths. Most Toolmakers report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$40,617 - $80,719
(Median)
$41K
$56K
$81K
MEDIAN: $55,886
10%
50%
90%

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$15.96 - $30.79
(Median)
$16
$24
$31
MEDIAN: $23.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$40,617 - $80,719  
   
Bonus
$0.00 - $2,022  
Profit Sharing
$150.50 - $11,335  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,387 - $74,630  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 55
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$15.96 - $30.79  
   
Overtime
$22.96 - $45.02  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$0.00 - $2,022  
   
Profit Sharing
$150.50 - $11,335  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,387 - $74,630  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 517
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Job Description for Toolmaker

Toolmakers are responsible for all aspects related to creating tools; this involves overseeing and implementing all steps in the process of efficiently producing usable tools. Toolmakers begin with the initial engineering design, mark raw material, and perform basic cutting. Then, they use machine tools to complete the rough outline of the product. Next, they use hand tools to provide proper finishing. Finally, they assemble and test the completed tool to ensure quality craftsmanship. Toolmakers are capable of producing unique custom tools, as well as modifying existing tools to meet specific manufacturing needs.

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Toolmaker Tasks

  • Inspect, troubleshoot, and repair tooling, dies, and equipment.
  • Calibrate, set up, and run machines and equipment.
  • Read blueprints, design, maintain, and build gauges, tools, dies and other equipment.
  • Test equipment, validate that it meets specifications, and file, grind, and adjust parts as needed.

Common Career Paths for Toolmaker


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For Toolmakers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Toolmakers earn similar salaries to those in higher-end positions like Tool Maker. Toolmakers most frequently become Machinists and Prototype Machinists even though median compensation is $13K lower and $5K lower, respectively.

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Popular Skills for Toolmaker


Just a handful of professional skills are reported by Toolmakers who took the survey. Those who have experience with Precision Machining, Tools, and CNC/NC can expect to be compensated well for these skills. CNC/NC and Tools are also commonly seen together.

Pay by Experience Level for Toolmaker

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of Toolmakers. Salaries for the relatively untried average out to around $36K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. Toolmakers with one to two decades of relevant experience report an average salary of approximately $53K. Toolmakers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $57K.

Toolmaker Advice

What do you wish you knew about your job when you first started out?

Toolmaker in Jackson:
"Pay attention."
Ask questions no matter how odd they seem and always watch close and learn from veteran toolmakers whenever possible.

Related Job Salaries

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Experience Affects Toolmaker Salaries


National Average
$54,000

Experienced
up arrow 1%

Mid-Career
up arrow 8%

Entry-Level
up arrow 33%

Skills That Affect Toolmaker Salaries

Precision Machining
up arrow 2%

Tools
0%

National Average
$54,000

CNC/NC
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 87 votes.

Years of Experience

Less than 1 year
0%
1-4 years
10%
5-9 years
7%
10-19 years
20%
20 years or more
62%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 61%
medical benefits
Vision: 43%
dental benefits
None: 15%
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