Lake Precision Salary

As of September 2026, the average hourly salary for employees at Lake Precision in the United States is $36. This translates to an approximate annual wage of $74,185. Salaries at Lake Precision typically range from $31 to $40 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Lake Precision Pay for Different Roles?

Explore detailed salary information for specific jobs at Lake Precision. Based on our data, the highest paying job is the Director of Finance and Accounting, with an hourly wage of $92. The table below outlines the hourly wage ranges for most popular roles within the company.

Sales Manager

$78 / hour

Salary Range: $68 - $90

Sales

Technical Performance Specialist - Tooling Tryout

$53 / hour

Salary Range: $49 - $57

Engineering

Tooling Tryout Technician

$45 / hour

Salary Range: $42 - $49

Engineering

Business Systems Analyst

$41 / hour

Salary Range: $38 - $46

Information Technology

Digital Marketing & Content Specialist

$55 / hour

Salary Range: $49 - $62

Digital Marketing

Director of Finance and Accounting

$92 / hour

Salary Range: $82 - $105

Management

Turn Insight into Opportunity: Current Job Openings

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About Lake Precision: Company Profile

Website
www.lakelandprecision.com
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Location
CONNEAUT LAKE
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Lake Precision's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
You’re encouraged to ask questions and take initiative. Supervisors are approachable, and new ideas are always welcomed during team meetings or project updates. Career advancement opportunities are encouraged and supported. Upper management is rarely visible. Shift work can lead to fatigue due to varying schedules.
It’s more than a job—it’s a supportive environment that helps you thrive professionally. Management listens to feedback. A well-run company where professionalism and teamwork drive performance every day. They don't cut corners on necessary equipment or technology. I like the structured routine. If you like a quiet, professional environment without a lot of chatter, this place works. The environmen...
There's immense pride in seeing our products in the market and knowing the collective effort that went into their creation. Processes are clearly laid out, and there’s rarely any confusion about responsibilities. Shift schedules are predictable, though sometimes repetitive.

Is Lake Precision’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Precision'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
LV VENTURES, INC. $41
+13.9%
Adjusted for higher cost-of-living indices in LV VENTURES, INC.'s primary metro hubs.
LAKELAND PRECISION TOOL $36
+0.7%
Indicates identical technical requirements and experience levels between the two firms.
FORT WAYNE WIRE DIE INC $36
+0.7%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
ILLPREC $35
-2.6%
Suggests ILLPREC utilizes a highly similar base-plus-benefits compensation model.
MFG Durable Industry $59
+64.1%
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.

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 Lake Precision.
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 Lake Precision, 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 Lake Precision 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.

Most Common Questions About Lake Precision

FAQ 1: How much does a Lake Precision employee make?
Lake Precision pays its employees an average of $36 per hour. The average salary at Lake Precision range from $31 to $40 per hour. 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.
FAQ 2: Which similar company tend to pay more or less than Lake Precision?
The salary at Lake Precision is lesser than the similar company. The average annual salary at Lake Precision is $74,185, or an hourly wage of $36, in comparison to LV VENTURES, INC. which pays $84,462 per year or $41 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Lake Precision?
In many roles at Lake Precision, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
FAQ 4: How does the cost of living near Erie affect the perceived value of a Lake Precision salary?
Erie's Cost of Living Index is approximately 79.2 (20.8% less expensive than US average; 18.4% less than PA average). This significantly impacts the purchasing power of a salary from Lake Precision based there. Our "Cost of Living Insights for Erie" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Lake Precision typically offer employees?
Lake Precision generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Lake Precision" section on this page.