Toolmaker Salary

Men account for the majority of Toolmakers in the United States. The overall average income for this group is approximately $23.12 per hour. In the world of Toolmakers, overall cash allowance can occasionally include more than $2K from bonuses and, in some exceptional cases, $11K from profit sharing, causing incomes to vary widely between $36K and $72K. Career duration is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and more than half earn dental coverage. Job satisfaction is high and work is enjoyable for most Toolmakers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$40,834 - $83,242
(Median)
$41K
$53K
$83K
MEDIAN: $53,463
10%
50%
90%

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$15.68 - $30.12
(Median)
$16
$23
$30
MEDIAN: $23.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Salary
$40,834 - $83,242  
   
Bonus
$0.00 - $2,010  
Profit Sharing
$147.95 - $10,926  
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).
)
$36,190 - $72,284  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 39
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$15.68 - $30.12  
   
Overtime
$21.70 - $43.70  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $2,010  
   
Profit Sharing
$147.95 - $10,926  
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).
)
$36,190 - $72,284  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 406

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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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Toolmakers who transition into an upper level Tool Maker position will not necessarily make much more than they do in their current role. The average Tool Maker makes $49K a year.

Tool and Die Maker Job Listings

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Survey takers who work as Toolmakers typically report just a few professional skills. CNC/NC and Tools are considered valuable skills and can increase employee pay. 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.


For many Toolmakers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Those in the early stages of their career can expect to make around $35K; however, individuals with five to 10 years of experience bring in $47K on average — a distinctly larger sum. After working for 10 to 20 years, Toolmakers make a median salary of $52K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $54K on average.

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

United States (change)

Experience Affects Toolmaker Salaries


Experienced
0%

National Average
$52,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 33%

Skills That Affect Toolmaker Salaries

CNC/NC
up arrow 2%

National Average
$52,000

Tools
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 70 votes.

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
8%
10-19 years
24%
20 years or more
60%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 56%
vision benefits Vision: 38% employee benefits None: 17%