Toolmaker Salary

Men make up the majority of Toolmakers in the United States, bringing in about $24.04 per hour. In the world of Toolmakers, overall cash allowance can occasionally include more than $3K from bonuses and, in some exceptional cases, $15K from profit sharing, causing incomes to vary widely between $39K and $77K. Residence and career length each impact pay for this group, with the former having the largest influence. A large number enjoy medical while the greater part get dental coverage. Vision coverage is also available to approximately one-half. For the most part, Toolmakers enjoy their work and report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$43,087 - $82,434
$43K
$64K
$82K
MEDIAN: $64,081
10%
50%
90%

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$15.99 - $30.86
$16
$24
$31
MEDIAN: $24.04
10%
50%
90%

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$0$82K
Salary $43,087 - $82,434
Bonus $491.94 - $3,477
Profit Sharing $515 - $14,544
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).
)
$38,858 - $76,675
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 48
Hourly Data $0$46
Hourly Rate $15.99 - $30.86
Overtime $21.55 - $46.39
Annual Data $0$76K
Bonus $491.94 - $3,477
Profit Sharing $515 - $14,544
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).
)
$38,858 - $76,675
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 403

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United States (change)

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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

  • 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.
  • Inspect, troubleshoot, and repair tooling, dies, and equipment.
  • Calibrate, set up, and run machines and equipment.

Common Career Paths for Toolmaker


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Toolmakers who go on to become Tool Makers may see somewhat stagnant compensation. On average, a Tool Maker, an upper-level role, pays $50K. Toolmakers most frequently become Machinists and Prototype Machinists even though median compensation is $13K lower and $5K lower, respectively.

Toolmaker Job Listings

Popular Skills for Toolmaker


Toolmakers report using a wide range of professional skills. Most notably, skills in Engineering Design, Machine Programming, Manufacturing, Precision Machining, and toolmaker are correlated to pay that is above average, with boosts between 7 percent and 16 percent. At the other end of the pay range are skills like Grinding Tools, CNC, and Mold Making. People who know Tools usually also know Precision Machining. The majority of those who know CNC/NC also know CAD/CAM.

Pay by Experience Level for Toolmaker

Pay by Experience for a Toolmaker has a positive trend. An entry-level Toolmaker with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 82 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Toolmaker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $51,000 based on 63 salaries. An experienced Toolmaker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $56,000 based on 113 salaries. A Toolmaker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 280 salaries.

Pay Difference by Location

National Average: $53,788

Larger city markers indicate a job is popular in that location.

For Toolmakers, busy Dayton offers a higher-than-average pay rate, 28 percent above the national average. Toolmakers will also find cushy salaries in Minneapolis (+21 percent), Indianapolis (+15 percent), Seattle (+14 percent), and Detroit (+9 percent). The lowest-paying market is Cincinnati, which sits 25 percent below the national average, proving that location is a significant contributor to overall pay. Employers pay around 19 percent less in Rochester and 16 percent less in Providence, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Toolmaker

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
11%
10-19 years
14%
20 years or more
62%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Toolmaker Salaries

▲13%

▲4%

National Average
$54,000

▼6%

▼22%

Skills That Affect Toolmaker Salaries

Engineering Design
▲16%

Machine Programming, Manufacturing
▲12%


toolmaker
▲5%

CAD/CAM
▲4%

▲3%

▲1%

National Average
$54,000

Mold Making
▼6%

CNC
▼7%

Grinding Tools
▼14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
11%
10-19 years
14%
20 years or more
62%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 64%
vision benefits
Vision: 48%
no benefits
None: 13%
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