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Colonial Machine and Tool Company Inc Salary

Colonial Machine and Tool Company Inc Salary

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As of August 2026, the average annual salary for employees at Colonial Machine and Tool Company Inc in the United States is $94,499. This translates to an approximate hourly wage of $45. Salaries at Colonial Machine and Tool Company Inc typically range from $83,214 to $106,672 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Colonial Machine and Tool Company Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Colonial Machine and Tool Company Inc. Based on our data, the highest paying job is the President, with an annual salary of $731,509. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Colonial Machine and Tool Company Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Colonial Machine and Tool Company 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
Checkpoint Technologies LLC $113,117
+19.7%
Reflects structural premiums typical of Checkpoint Technologies LLC's large-cap national operations.
Andrepreneur Industries LLC $94,658
+0.2%
Confirms Andrepreneur Industries LLC is a direct competitor vying for the exact same talent pool.
Re-Company Battery Co $91,166
-3.5%
Normalized for lower cost-of-living zones where Re-Company Battery Co primarily operates.
Radiation Monitoring Devices $97,864
+3.6%
Driven by niche technical certifications required for Radiation Monitoring Devices's specialized projects.
MFG Durable Industry $121,746
+28.8%
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 Colonial Machine and Tool Company Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Colonial Machine and Tool Company Inc

Considering a career at Colonial Machine and Tool Company 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.
Flexible shifts allow for better work-life balance, and the workplace culture promotes respect and collaboration among diverse teams. What impresses me most is how the company invests in employee development - from technical certifications to leadership training programs. Safety is a priority. Cross-training opportunities allow workers to develop diverse skills and enhance their careers.
Commented in February 20, 2025
15
3
The facility is organized and it is somehow modern. The workplace culture is formal and professional but sometimes lacks flexibility and agility. Good benefits and retirement options. Shift leaders are approachable and fair.
Commented in February 03, 2025
45
3
The training programs helped me upskill quickly, and leadership recognizes hard work through regular incentives. Management is fair and provides the necessary resources and support to get the job done effectively and safely. Training was thorough, and support continued afterward. There’s a lot of pride in the products we create. It allows for impressive capabilities while maintaining focus on indi...
Commented in November 18, 2024
33
0
Pay is competitive and benefits are solid. Recognition programs celebrate individual and team achievements regularly, boosting motivation and morale. Great company values and mission. You’ll know what’s expected, there is engagement or brainstorming unless you’re in a leadership role.
Commented in February 14, 2024
12
3

Colonial Machine and Tool Company Inc Overview

Website
www.colonialmachine.com
Founded In
1971
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
5 Salvas Ave Coventry Rhode Island RI 02816
Revenue
$5 Million - $10 Million
Phone Number
+1 4018261883
Social Media
About Colonial Machine and Tool Company Inc
Since 1962 Colonial Machine and Tool Company, Inc. has been a leader in sophisticated machining services for commercial and medical markets, aerospace and nuclear power. With over 40 employees, including engineers and craftsmen operating state-of-the-art equipment, Colonial understands the complex techniques necessary to address the uncompromising demands of our customers. Colonial Machine and Too

What Benefits Does Colonial Machine and Tool Company Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Colonial Machine and Tool Company 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 Coventry?

Understanding the cost of living near Coventry is key to truly evaluating a salary offer or your current compensation at Colonial Machine and Tool Company Inc.
Coventry's Cost of Living Index is approximately 104.5 (4.5% more expensive than US average; 3.7% less than RI average). Kent County town, more affordable housing than Providence metro core. RIPTA bus. When planning your budget based on a salary from Colonial Machine and Tool Company Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,800+ A significant portion of Colonial Machine and Tool Company Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (RIPTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,690 - $4,050+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Colonial Machine and Tool Company Inc

1. What is the estimated average total compensation at Colonial Machine and Tool Company Inc?

Salary.com estimates that the average total compensation package at Colonial Machine and Tool Company Inc, which can include base salary, potential bonuses, and benefits, is around $94,499 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Colonial Machine and Tool Company Inc pay compared to Checkpoint Technologies LLC?

The average annual salary at Colonial Machine and Tool Company Inc is $94,499, or an hourly wage of $45, in comparison to Checkpoint Technologies LLC which pays $113,117 per year or $54 per hour.

3. Do salaries differ significantly between departments at Colonial Machine and Tool Company Inc?

Yes, salaries often differ between departments at Colonial Machine and Tool Company Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Colonial Machine and Tool Company Inc?

Salary progression from an entry-level to a senior role at Colonial Machine and Tool Company Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Colonial Machine and Tool Company Inc in Coventry is fair given the local cost of living?

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

6. Are promotions at Colonial Machine and Tool Company Inc usually accompanied by a significant salary increase?

Yes, promotions at Colonial Machine and Tool Company Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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