Peerless Machine & Tool Corp Salary

As of August 2026, the average hourly salary for employees at Peerless Machine & Tool Corp in the United States is $42. This translates to an approximate annual wage of $86,335. Salaries at Peerless Machine & Tool Corp typically range from $37 to $47 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Peerless Machine & Tool Corp

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

How does Peerless Machine & Tool Corp'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
Swiss-Micron Inc $51
+22.6%
Influenced by prevailing union wage agreements specific to Swiss-Micron Inc's sector.
Metal Cutting Corp $50
+20.2%
Reflects a supply-demand imbalance for the specific talent Metal Cutting Corp targets.
Pittsburgh Plastics Manufacturing Inc $43
+4.4%
Supported by Pittsburgh Plastics Manufacturing Inc's high-margin contracts allowing higher overhead.
Cole Hardwood Inc $42
+0.6%
Confirms Cole Hardwood Inc is a direct competitor vying for the exact same talent pool.
MFG Durable Industry $59
+41.0%
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 Peerless Machine & Tool Corp

Considering a career at Peerless Machine & Tool Corp? 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.
There's a real sense of community and mutual support among colleagues. From good benefits to recognizing hard work, you feel like a valued team member, not just a number. Work can be repetitive depending on department. They promote from within and recognize talent. Team environment is great and communication is strong across departments.
Safety protocols are strictly enforced, ensuring a secure workplace. It’s a place where you can feel secure in your role and proud of the products you help create. You’ll know what’s expected, there is engagement or brainstorming unless you’re in a leadership role. Workinghas been an incredibly rewarding experience.
The atmosphere is professional but friendly, and coworkers genuinely look out for each other. The company invests heavily in state-of-the-art equipment and automation technology, making our jobs safer and more efficient. Facilities are clean, organized and equipped with state-of-the-art machinery. Equipment is generally reliable with some unexpected downtimes. Workloads can fluctuate significantly...
They actively seek employee feedback and implement changes that make a real difference. The competitive wages and comprehensive benefits package show how much the company values its workforce. They ensure we have the right training and tools to do our jobs effectively and safely. This manufacturing firm provides stable employment and reasonable benefits. The facilities are modern, and everything i...
Daily tasks are manageable, and the environment is clean. Pay is fair, and hours are reliable. It’s more than a job—it’s a supportive environment that helps you thrive professionally. What stands out is the structured training process and continued mentorship.

Peerless Machine & Tool Corp Overview

Website
www.peerlessmachine.com
Founded In
1922
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1804 W 2nd St Marion Indiana IN 46952
Revenue
$10 Million - $50 Million
Phone Number
+1 7656622586
Social Media
About Peerless Machine & Tool Corp
Peerless Machine & Tool Corporation was founded in 1922 by Mr. John H. Carson. With six employees and 3,000 square feet of shop space he set up business in Marion, Indiana. In the early years, the company specialized in repairing machinery for the corrugated board industry. However, it wasn't long before opportunities in the paperboard converting and forming markets became available. In 1926, the

What Benefits Does Peerless Machine & Tool Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Peerless Machine & Tool Corp 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Peerless Machine & Tool Corp.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Peerless Machine & Tool Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Peerless Machine & Tool Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo 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 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Peerless Machine & Tool Corp

1. What is the estimated average total compensation at Peerless Machine & Tool Corp?

Salary.com estimates that the average total compensation package at Peerless Machine & Tool Corp, which can include base salary, potential bonuses, and benefits, is around $42 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Peerless Machine & Tool Corp pay compared to Swiss-Micron Inc?

The average annual salary at Peerless Machine & Tool Corp is $86,335, or an hourly wage of $42, in comparison to Swiss-Micron Inc which pays $105,881 per year or $51 per hour.

3. Do salaries differ significantly between departments at Peerless Machine & Tool Corp?

Yes, salaries often differ between departments at Peerless Machine & Tool Corp 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 Peerless Machine & Tool Corp?

Salary progression from an entry-level to a senior role at Peerless Machine & Tool Corp 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 Peerless Machine & Tool Corp in Indianapolis is fair given the local cost of living?

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

6. Are promotions at Peerless Machine & Tool Corp usually accompanied by a significant salary increase?

Yes, promotions at Peerless Machine & Tool Corp 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.