Chips Tool Repair Inc Salary

As of September 2026, the average annual salary for employees at Chips Tool Repair Inc in the United States is $94,542. This translates to an approximate hourly wage of $45. Salaries at Chips Tool Repair Inc typically range from $83,095 to $106,965 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Chips Tool Repair Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Chips Tool Repair Inc. Based on our data, the highest paying job is the Machinist, with an annual salary of $49,161. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Chips Tool Repair Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Chips Tool Repair 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
Rave Speakers $101,313
+7.2%
Driven by niche technical certifications required for Rave Speakers's specialized projects.
Brindle McCaslin PC $90,618
-4.2%
Brindle McCaslin PC likely leverages performance bonuses over the high base salary shown here.
MaRous & Co $94,447
-0.1%
Confirms MaRous & Co is a direct competitor vying for the exact same talent pool.
Panacea Pro Corp $97,242
+2.9%
Indicates identical technical requirements and experience levels between the two firms.
Business Services Industry $120,931
+27.9%
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.

Employee Reviews: Working at Chips Tool Repair Inc

Considering a career at Chips Tool Repair 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.
The total rewards package demonstrates how much the organization values its people. It’s a reliable place to work, but those looking for a dynamic culture may be disappointed. Training is offered, but often generalized. There’s a strong sense of purpose in our work. Most of the work is process-driven and can become repetitive. There’s a clear hierarchy, which can be limiting in decision-making. Th...
Working here has provided me with multiple avenues to grow. While the company offers stability and job security, opportunities for upward movement are limited unless you're in specific departments. It’s a nice perk that adds up to significant savings throughout the year. Management communicates organizational changes, though sometimes with delays. A truly professional operation from start to finis...
It’s a supportive and friendly atmosphere that makes coming to work a pleasure. The work-life balance is actively supported by management, who understand the importance of personal time for overall well-being and productivity. Leadership encourages transparency and regular check-ins, which makes you feel seen and valued. This focus not only enhances my skills but also demonstrates a clear commitme...

Chips Tool Repair Inc Overview

Website
www.chipstoolrepair.com
Founded In
1999
Employees
<25 employees
Industry
Business Services
Headquarter Address
6250 Bunker Lake Blvd NW Ramsey Minnesota MN 55303
Revenue
<$5 Million
Phone Number
+1 7633234080
Social Media
About Chips Tool Repair Inc
Chips Tool Repair is a national leader in manufacturing special tools to your specifications. We will save you time and money! Tell our experts what you need and your tool will be custom-designed, built and quality inspected in-house.

What Benefits Does Chips Tool Repair Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Chips Tool Repair 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Chips Tool Repair Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Chips Tool Repair Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Chips Tool Repair Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Chips Tool Repair Inc

1. What is the average salary for employees at Chips Tool Repair Inc?

The average annual total compensation for employees at Chips Tool Repair Inc is approximately $94,542. However, this is an aggregate figure, actual salaries can range significantly, typically from $83,095 to $106,965, depending on factors like job role, experience, and location.

2. How much does Chips Tool Repair Inc pay compared to Rave Speakers?

The average annual salary at Chips Tool Repair Inc is $94,542, or an hourly wage of $45, in comparison to Rave Speakers which pays $101,313 per year or $49 per hour.

3. What is the lowest salary at Chips Tool Repair Inc?

The lowest-paying job at Chips Tool Repair Inc is a Shipping Receiving with a salary of $31,648 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Chips Tool Repair Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Chips Tool Repair Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Chips Tool Repair Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?

While some companies offer formal COLA, many, including potentially Chips Tool Repair Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Chips Tool Repair Inc?

Most companies, likely including Chips Tool Repair Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.