Diversified Tool Salary

Diversified Tool Salary

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As of August 2026, the average hourly salary for employees at Diversified Tool in the United States is $40. This translates to an approximate annual wage of $83,741. Salaries at Diversified Tool typically range from $35 to $45 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Diversified Tool

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Is Diversified Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Diversified 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
2220 Industries Inc $49
+22.6%
Reflects structural premiums typical of 2220 Industries Inc's large-cap national operations.
The One Mold $44
+8.1%
Adjusted for higher cost-of-living indices in The One Mold's primary metro hubs.
Blue Square Manufacturing LLC $42
+3.5%
Reflects a supply-demand imbalance for the specific talent Blue Square Manufacturing LLC targets.
Hoosier Tool & Die Co $41
+0.7%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $59
+45.4%
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.

Companies Similar to Diversified Tool and Their Hourly Pay Rates

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

Employee Reviews: Working at Diversified Tool

Considering a career at Diversified 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.
It’s clear they value their workforce and want to attract and retain good people. Flexible work schedules and safety initiatives enhance employee satisfaction. It’s fine for steady work without much variation. Processes are somewhat outdated, but they still function. Management understands that happy employees produce quality work, and it shows in both our working conditions and the products we sh...
Commented in April 06, 2025
12
0
Modern equipment and technology improve daily work. Equipment and technology are regularly updated to ensure productivity and safety. Cross-training is encouraged, allowing employees to build skills in different areas. What impresses me most is how the company invests in employee development - from technical certifications to leadership training programs. The training programs helped me upskill qu...
Commented in October 30, 2024
24
1
Benefits surpass industry standards, including health coverage and retirement plans. Leadership is visible and accessible, promoting open dialogue. Equipment updates happen often.
Commented in February 08, 2024
42
0

Diversified Tool Overview

Website
www.diversifiedtoolco.com
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
2004 W 16th St Erie Pennsylvania PA 16505
Revenue
$5 Million - $10 Million
Phone Number
+1 7248643957
Social Media
About Diversified Tool
Since 1974 Diversified Tool has been providing the plastics injection molding industry the highest quality of close tolerance tools and spare tooling possible. We specialize in extremely close tolerance, high quality tools for the connector, medical and fiber optic industries. Our quality is recognized and appreciated by mold engineers, purchasing managers and the people who use our tools every da

What Benefits Does Diversified Tool Offer Beyond Salary?

A competitive compensation package is more than just a salary. Diversified 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)
Work at Diversified Tool?
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What Is the Cost of Living Near Erie?

Understanding the cost of living near Erie is key to truly evaluating a salary offer or your current compensation at Diversified Tool.
Erie's Cost of Living Index is approximately 79.2 (20.8% less expensive than US average; 18.4% less than PA average). Lake Erie city, very affordable housing. EMTA bus. When planning your budget based on a salary from Diversified Tool, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,100+ A significant portion of Diversified Tool salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $42 (EMTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,982 - $3,162+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Diversified Tool

1. What is the average salary for employees at Diversified Tool?

The average total compensation for employees at Diversified Tool is approximately $40 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $35 to $45 per hour, depending on factors like job role, experience, and location.

2. How much does Diversified Tool pay compared to 2220 Industries Inc?

The average annual salary at Diversified Tool is $83,741, or an hourly wage of $40, in comparison to 2220 Industries Inc which pays $102,685 per year or $49 per hour.

3. How does having a professional certification impact salary for relevant roles at Diversified Tool?

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 Diversified Tool for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Diversified Tool offer cost-of-living adjustments (COLA) for employees in high-cost areas like Erie?

While some companies offer formal COLA, many, including potentially Diversified Tool, 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.

5. What's the typical process for salary reviews and raises at Diversified Tool?

Most companies, likely including Diversified Tool, 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.

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