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. Location and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and the greater part earn dental coverage. Most Toolmakers report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
Read More
$40,617 - $80,719
(Median)
$41K
$56K
$81K
MEDIAN: $55,886
10%
50%
90%

Add this chart to your site: 640px    300px

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

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Many Toolmakers move into a Tool Maker role, which does not lead to a big boost in pay. Tool Makers on average bring in a similar salary to Toolmakers. Many Toolmakers go on to become Machinists or Prototype Machinists despite the fact that median compensation in those roles is reportedly $13K lower and $5K lower, respectively.

Tool and Die Maker Job Listings

Search for more jobs:

Popular Skills for Toolmaker


Survey takers who work as Toolmakers usually report a few specific skills. Those who have experience with Precision Machining, Tools, and CNC/NC can expect to be compensated well for these skills. Experience with CNC/NC is often linked with knowledge of Tools.

Pay by Experience Level for Toolmaker

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


Experience seems to be a major factor in determining the incomes of Toolmakers. Survey participants with less than five years' experience pocket $36K on average, but those with five to 10 years of experience enjoy a much bigger median of $49K. People with 10 to 20 years of experience make an average of about $53K in this role. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of 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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%
ADVERTISEMENT