Toolmaker Salary

Men account for the majority of Toolmakers in the United States. The overall average income for this group is approximately $24.15 per hour. In the world of Toolmakers, total cash compensation can vary between $38K and $76K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $3K and $15K, respectively. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and the larger part earn dental coverage. Job satisfaction is high and work is enjoyable for most Toolmakers. This snapshot results from replies to PayScale's salary survey.
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$40,963 - $82,434
$41K
$63K
$82K
MEDIAN: $63,460
10%
50%
90%

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$16.33 - $30.89
$16
$24
$31
MEDIAN: $24.15
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$28K$56K$84K
Salary
$40,963 - $82,434  
   
Bonus
$401.34 - $3,122  
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).
)
$37,965 - $75,971  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 49
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
$16.33 - $30.89  
   
Overtime
$23.02 - $46.65  
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
$401.34 - $3,122  
   
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).
)
$37,965 - $75,971  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 405

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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' salary tends to stay somewhat level for those who assume higher-end positions like Tool Maker. Median pay for Tool Makers is $50K. Toolmakers most often advance into Machinist and Prototype Machinist positions even though the median salaries are $14K lower and $6K lower, respectively.

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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 5 percent and 14 percent. Skills that pay less than market rate include Grinding Tools, CNC, and Mold Making. Most people who know CNC/NC also know CAD/CAM. Most people experienced in Tools also know Precision Machining.

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: $54,612

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

For Toolmakers, busy Dayton offers a higher-than-average pay rate, 26 percent above the national average. Toolmakers will also find cushy salaries in Minneapolis (+20 percent), Indianapolis (+13 percent), Seattle (+12 percent), and Detroit (+8 percent). Toolmakers in Cincinnati report much lower salaries than the rest of the country — 26 percent below the national average — proving that residence is a major factor in overall pay. Two other places where employers offer below-median salaries are Rochester (20 percent less) and Providence (17 percent less).

Related Job Salaries

Key Stats for Toolmaker

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
10%
10-19 years
15%
20 years or more
62%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Toolmaker Salaries

▲11%

▲3%

National Average
$55,000

▼7%

▼23%

Skills That Affect Toolmaker Salaries

Engineering Design
▲14%

Machine Programming, Manufacturing
▲10%


toolmaker
▲3%

CAD/CAM
▲2%

▲1%

National Average
$55,000

▼1%

Mold Making
▼7%

CNC
▼9%

Grinding Tools
▼15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
10%
10-19 years
15%
20 years or more
62%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 67%
vision benefits
Vision: 49%
no benefits
None: 11%