Hancock Machine & Tool Salary

As of July 2026, the average annual salary for employees at Hancock Machine & Tool in the United States is $83,382. This translates to an approximate hourly wage of $40. Salaries at Hancock Machine & Tool typically range from $73,437 to $94,088 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Hancock Machine & Tool Pay for Different Roles?

Explore detailed salary information for specific jobs at Hancock Machine & Tool. Based on our data, the highest paying job is the Plant Manager, with an annual salary of $148,464. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Hancock Machine & Tool

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

Is Hancock Machine & Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Hancock Machine & Tool'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
Texmate Inc $93,592
+12.2%
Reflects a supply-demand imbalance for the specific talent Texmate Inc targets.
PH Machine Works LLC $79,796
-4.3%
Typical compensation structure for smaller regional agencies like PH Machine Works LLC.
Lange Precision Inc $99,615
+19.5%
Reflects structural premiums typical of Lange Precision Inc's large-cap national operations.
Tek-Matic Inc $86,135
+3.3%
Supported by Tek-Matic Inc's high-margin contracts allowing higher overhead.
MFG Durable Industry $121,746
+46.0%
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 Hancock Machine & Tool

Considering a career at Hancock Machine & Tool? 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 support work-life balance, and the workplace culture values diversity and respect. What stands out is the culture of mutual respect across all levels and departments. Collaborative culture encourages problem-solving and innovation. Career advancement opportunities exist but progress is often nfluenced by seniority. A workplace with clear goals, regular updates, and a shared focus o...
The culture is professional but somewhat rigid and bureaucratic. It’s easier now to resolve issues quickly and ensure that production stays on track. Training is available and it is somehow frequent. Productivity is fine, and quality standards are enforced. Management provides clear performance metrics so everyone understands their contribution to overall success. What I appreciate most about this...
The emphasis on lean manufacturing and quality control has improved customer satisfaction and reduced waste. Not much room for creativity, but that’s expected in manufacturing. As part of a we're producing essential goods that are used worldwide, impacting countless lives. Colleagues are supportive, and management is always willing to listen to concerns and ideas.

Hancock Machine & Tool Overview

Website
www.hancockmachine.com
Founded In
1962
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
4427 Bishop Ln Louisville Kentucky KY 40218
Revenue
<$5 Million
Phone Number
+1 5024521596
Social Media
About Hancock Machine & Tool
Hancock Machine and tool was founded in 1962 as Hancock Engineering by Bob Hancock, a Professional Engineer. The company was founded as General Electric was building the massive appliance park facility on the south side of Louisville. Bob had developed an overload protection system for stamping presses. GE was full of presses stamping parts for their appliances, and the overload protection for the

What Benefits Does Hancock Machine & Tool Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hancock Machine & Tool 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 Louisville?

Understanding the cost of living near Louisville is key to truly evaluating a salary offer or your current compensation at Hancock Machine & Tool.
Louisville's Cost of Living Index is approximately 87.8 (12.2% less expensive than US average; 5.5% less than KY average). Largest KY city, Kentucky Derby, affordable housing. TARC bus. When planning your budget based on a salary from Hancock Machine & Tool, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of Hancock Machine & Tool salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (TARC 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 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,180 - $3,500+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Hancock Machine & Tool

1. How much does Hancock Machine & Tool in the United States pay?

Hancock Machine & Tool pays its employees an average of $83,382 per year. The average salary at Hancock Machine & Tool range from $73,437 to $94,088 per year. 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. Do Hancock Machine & Tool employees get a higher salary than its peer company?

The salary at Hancock Machine & Tool is lesser than its peer company. The average annual salary at Hancock Machine & Tool is $83,382, or an hourly wage of $40, in comparison to Texmate Inc which pays $93,592 per year or $45 per hour.

3. What are the highest paying jobs at Hancock Machine & Tool?

The higher-paying job at Hancock Machine & Tool, according to our data, include Plant Manager (avg. $148,464 per year), Regional Sales Manager (avg. $96,900 per year), and Mechanical Engineer (avg. $86,420 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Hancock Machine & Tool?

Salary progression with years of experience at Hancock Machine & Tool is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Hancock Machine & Tool vary by office location?

Yes, it's very likely that salaries at Hancock Machine & Tool vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Louisville section provides more context.

6. Does Hancock Machine & Tool offer good benefits?

Hancock Machine & Tool typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Hancock Machine & Tool" section on this page.