Lewis Machine & Tool Co Salary

As of August 2026, the average hourly salary for employees at Lewis Machine & Tool Co in the United States is $44. This translates to an approximate annual wage of $92,168. Salaries at Lewis Machine & Tool Co typically range from $39 to $50 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Lewis Machine & Tool Co

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

How does Lewis Machine & Tool Co'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
Armscor $46
+4.9%
Reflects structural premiums typical of Armscor's large-cap national operations.
Norris Ltd $45
+1.6%
Indicates identical technical requirements and experience levels between the two firms.
Global Yachting Group Ltd $43
-3.7%
Global Yachting Group Ltd focuses strategically on recruiting and training entry-level apprentices.
Creative Pultrusions Inc $44
-1.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
MFG Durable Industry $59
+32.1%
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.

Employee Reviews: Working at Lewis Machine & Tool Co

Considering a career at Lewis Machine & Tool Co? 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.
This makes you feel like your voice matters and that you can contribute to positive changes. There’s minimal stress if you follow procedures. Others may crave more engagement. Good benefits and retirement options.
Managers give helpful feedback, and colleagues support each other. Advancement is based on merit, not just tenure. It’s a rewarding environment for those seeking career development. It’s a structured workplace with the flexibility to improve and grow. A good stopgap job, not necessarily a long-term career builder. Management is approachable, and coworkers are always willing to help.
The workplace environment encourages collaboration and respect among colleagues. The unique opportunity to work on cutting-edge, boundary-pushing media projects that are actively shaping how compelling stories are told, creatively consumed, and culturally shared is incredibly stimulating, professionally enriching, and deeply rewarding. Work is steady and predictable. There are plenty of opportunit...

Lewis Machine & Tool Co Overview

Website
www.lmtdefense.com
Founded In
1980
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
1600 E Leonard Ct Eldridge Iowa IA 52748
Revenue
$10 Million - $50 Million
Phone Number
+1 3097877151
Social Media
About Lewis Machine & Tool Co
LMT Defense (Lewis Machine & Tool Company) is a premiere manufacturer of gas piston AR 15 type, .308 rifle, M203 grenade launchers, Suppressors and firearms accessories used throughout the United States and in over 45 countries around the world. The company was founded in 1980 in Milan, Illinois with the mission of designing and producing the highest quality products for the military and governmen

What Benefits Does Lewis Machine & Tool Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lewis Machine & Tool Co 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 Davenport?

Understanding the cost of living near Davenport is key to truly evaluating a salary offer or your current compensation at Lewis Machine & Tool Co.
Davenport's Cost of Living Index is approximately 78.3 (21.7% less expensive than US average; 13.0% less than IA average). Quad Cities area (IA/IL), very affordable housing. CitiBus. When planning your budget based on a salary from Lewis Machine & Tool Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $700 - $1,100+ A significant portion of Lewis Machine & Tool Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 (Seasonal swings) Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (CitiBus monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,840 - $3,030+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lewis Machine & Tool Co

1. What is the typical salary range (low to high) for most roles at Lewis Machine & Tool Co?

The typical salary range for most roles at Lewis Machine & Tool Co is approximately from $39 to $50 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.

2. How much does Lewis Machine & Tool Co pay compared to Armscor?

The average annual salary at Lewis Machine & Tool Co is $92,168, or an hourly wage of $44, in comparison to Armscor which pays $96,662 per year or $46 per hour.

3. Do salaries differ significantly between departments at Lewis Machine & Tool Co?

Yes, salaries often differ between departments at Lewis Machine & Tool Co 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. How does experience level affect salary at Lewis Machine & Tool Co?

Experience level is a significant factor in determining salary at Lewis Machine & Tool Co, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Lewis Machine & Tool Co in Davenport is fair given the local cost of living?

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

6. What factors influence salary increases at Lewis Machine & Tool Co?

Salary increases at Lewis Machine & Tool Co are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.