Central Tool Co Inc Salary

Central Tool Co Inc Salary

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As of July 2026, the average annual salary for employees at Central Tool Co Inc in the United States is $80,966. This translates to an approximate hourly wage of $39. Salaries at Central Tool Co Inc typically range from $71,311 to $91,357 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Central Tool Co Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Central Tool Co Inc. Based on our data, the highest paying job is the President, with an annual salary of $626,751. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Central Tool Co Inc

Ready for your next career move? Explore current job openings at Central Tool Co Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Central Tool Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Central Tool Co Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Carbide Processors $93,540
+15.5%
Reflects a supply-demand imbalance for the specific talent Carbide Processors targets.
Blanchat Mfg Inc $84,300
+4.1%
Reflects structural premiums typical of Blanchat Mfg Inc's large-cap national operations.
Freedom Automation Inc $95,206
+17.6%
Adjusted for higher cost-of-living indices in Freedom Automation Inc's primary metro hubs.
POM GEAR Inc $106,535
+31.6%
Supported by POM GEAR Inc's high-margin contracts allowing higher overhead.
MFG Durable Industry $121,746
+50.4%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Central Tool Co Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Central Tool Co Inc. Click a company name to learn more.

Employee Reviews: Working at Central Tool Co Inc

Considering a career at Central Tool Co Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
For anyone considering a career in manufacturing, I highly recommend this company. Coworkers were helpful, and managers checked in regularly. We meet production goals thanks to well-maintained equipment, competent leadership, and focused teamwork. The company's lean manufacturing approach eliminates waste and improves quality. Compensation and benefits are competitive, including profit sharing and...
Commented in March 13, 2025
24
3
Tools are provided, but upgrades are infrequent. Communication flows adequately but could be more frequent and transparent. There's minimal innovation or excitement. Schedules are consistent, and shifts are rarely disrupted. On the upside, the job is low-stress, and the hours are steady. Leadership communicates company goals clearly and celebrates team achievements. This manufacturing company stan...
Commented in August 29, 2024
39
0
A stable, rewarding job with growth options. The leadership is engaged and forward-thinking, always investing in better tech and processes to stay ahead in the market. Schedules are consistent, and there's a positive culture that fosters respect, growth, and cooperation at every level.
Commented in February 10, 2024
33
1

Central Tool Co Inc Overview

Website
www.centraltoolco.com
Founded In
1966
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
461 E Michigan St Fortville Indiana IN 46040
Revenue
<$5 Million
Phone Number
+1 3174855275
Social Media
About Central Tool Co Inc
Central Tool Co. Inc. is family owned and operated business located Northeast of Indianapolis. We have over 10,000 square feet of manufacturing space. We specialize in Fabrication, CNC Milling,CNC Turning, CNC Drilling and conventional Milling, Turning, Drilling and Welding. With over 50 years of quality service, Central Tool Co., Inc. takes pride in working with their customers, and guarantee the

What Benefits Does Central Tool Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Central Tool Co Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Central Tool Co Inc.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Central Tool Co Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Central Tool Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Central Tool Co Inc

1. What is the typical salary range (low to high) for most roles at Central Tool Co Inc?

The typical annual salary range for most roles at Central Tool Co Inc is approximately from $71,311 to $91,357. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Central Tool Co Inc pay compared to Carbide Processors?

The average annual salary at Central Tool Co Inc is $80,966, or an hourly wage of $39, in comparison to Carbide Processors which pays $93,540 per year or $45 per hour.

3. How does experience level affect salary at Central Tool Co Inc?

Experience level is a significant factor in determining salary at Central Tool Co Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Central Tool Co Inc in Indianapolis is fair given the local cost of living?

To determine if a salary offer from Central Tool Co Inc in Indianapolis is fair, first compare the gross salary to our data for similar roles at Central Tool Co Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Indianapolis" to understand its purchasing power.

5. What are the key factors that influence salary levels at Central Tool Co Inc?

Several key factors influence salary levels at Central Tool Co Inc. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Central Tool Co Inc likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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