Toolmaker Salary

Very much a male-dominated career in the United States, Toolmakers earn an average of $24.12 per hour. Cash earnings for Toolmakers — including $3K in bonuses and $13K in profit sharing proceeds near the top of the pay scale — generally stretch from $39K to $76K depending on individual performance. Geography and tenure each impact pay for this group, with the former having the largest influence. Work is enjoyable for Toolmakers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a majority earn dental coverage. This report is based on responses to the PayScale salary survey.
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$43,769 - $80,000
$44K
$63K
$80K
MEDIAN: $62,549
10%
50%
90%

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$16.28 - $31.12
$16
$24
$31
MEDIAN: $24.14
10%
50%
90%

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$0$80K
Salary $43,769 - $80,000
Bonus $485.64 - $3,945
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).
)
$39,192 - $75,799
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 44
Hourly Data $0$46
Hourly Rate $16.28 - $31.12
Overtime $21.32 - $46.36
Annual Data $0$75K
Bonus $485.64 - $3,945
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).
)
$39,192 - $75,799
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 424

Find Out Exactly What You Should Be Paid

United States (change)

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 frequently advance into Machinist and Prototype Machinist roles even though the median salaries are $13K lower and $5K lower, respectively.

Toolmaker Job Listings

Popular Skills for Toolmaker


Survey results show that Toolmakers use a fair number of 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 6 percent and 15 percent. Skills that are correlated to lower pay, on the other hand, include Grinding Tools, CNC, and Mold Making. Skill sets containing Tools also tend to include Precision Machining. Those familiar with CNC/NC also tend to 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: $53,692

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

Toolmakers will find that Dayton offers an impressive pay rate, one which exceeds the national average by 27 percent. Toolmakers will also find cushy salaries in Minneapolis (+21 percent), Indianapolis (+15 percent), Seattle (+14 percent), and Detroit (+9 percent). Toolmakers in Cincinnati take home the lowest salaries, earning a whopping 25 percent less than the national average. Employers also pay below the national average in Rochester (19 percent lower) and Providence (16 percent lower).

Related Job Salaries

Key Stats for Toolmaker

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 votes.
Less than 1 year
1%
1-4 years
14%
5-9 years
11%
10-19 years
14%
20 years or more
61%
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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

Highly satisfied
Rated 4 out of 5
based on 76 votes.

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
11%
10-19 years
14%
20 years or more
61%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 65%
vision benefits
Vision: 49%
no benefits
None: 15%
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