Salem Tool Inc Salary

Salem Tool Inc Salary

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As of August 2026, the average hourly salary for employees at Salem Tool Inc in the United States is $34. This translates to an approximate annual wage of $69,958. Salaries at Salem Tool Inc typically range from $30 to $38 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Salem Tool Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Salem Tool Inc. 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

Technical Support Representative

$24 / hour

Salary Range: $21 - $27

Technical Support

Director of Finance and Accounting

$92 / hour

Salary Range: $82 - $105

Management

Business Systems Analyst

$41 / hour

Salary Range: $38 - $46

Information Technology

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Salem Tool Inc.
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About Salem Tool Inc: Company Profile

Website
www.salemtool.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
CORBIN
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About SALEM TOOL INC
SALEM TOOL INC is a company based out of PO BOX 760, LONDON, Kentucky, United States.

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Salem Tool Inc's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
They skillfully manage a colossal operation maintaining clear strategic goals and a strong company culture. There’s not much flexibility in how work is done. Career growth opportunities exist but are competitive. The management style is hands-off. Leadership communicates company goals clearly and celebrates team achievements.
Commented in March 23, 2025
13
2
The team I work with is professional and dedicated. Beyond that, the team atmosphere is fantastic. Management actually listens to suggestions and acts on them. The facility is clean, well-organized, and up-to-date.
Commented in February 02, 2025
22
0
It's a place where you feel respected and your contributions are genuinely appreciated by both peers and supervisors. The focus on lean manufacturing principles eliminates wasteful practices while improving working conditions. The attention to detail in our manufacturing processes is impressive, and there's a shared pride in the quality of our output. Shift schedules vary and may cause fatigue. I ...
Commented in January 05, 2025
20
0
Facilities are clean, well-lit, and climate-controlled, creating a comfortable work environment. Working at this manufacturing plant has been an incredibly rewarding experience. The operations are efficient, and innovation is welcomed at all levels. The company culture is excellent, promoting collaboration and open communication across all departments. Advancement is based on merit, not just tenur...
Commented in August 23, 2024
15
0
This consideration makes a huge difference in overall job satisfaction and well-being, allowing for a healthy integration of work and life. The processes are well-documented, and production targets are realistic. You know what to expect, and policies are applied evenly. The work atmosphere is professional, though sometimes rigid. One of the best places I’ve worked in manufacturing.
Commented in February 11, 2024
22
0

How Salem Tool Inc's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Salem Tool Inc’s pay competitiveness. Click on a company for a deeper dive.

Is Salem Tool Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Salem Tool Inc'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
DAVEY KENT, INC. $36
+6.5%
Data suggests DAVEY KENT, INC.'s workforce skews heavily towards veteran, high-tenure roles.
LUDMAN MACHINE $36
+8.4%
Driven by niche technical certifications required for LUDMAN MACHINE's specialized projects.
DIVERSIFIED ENERGY SERVICES $35
+3.4%
Supported by DIVERSIFIED ENERGY SERVICES's high-margin contracts allowing higher overhead.
ELDRED WHEELER FURNITURE $40
+19.8%
Adjusted for higher cost-of-living indices in ELDRED WHEELER FURNITURE's primary metro hubs.
MFG Durable Industry $59
+74.0%
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.

What Is the Cost of Living Near Lexington?

Understanding the cost of living near Lexington is key to truly evaluating a salary offer or your current compensation at Salem Tool Inc.
Lexington's Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 2.6% less than KY average). 'Horse Capital', Univ. of Kentucky, housing affordable. Lextran bus. When planning your budget based on a salary from Salem Tool Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Salem Tool Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (Lextran monthly pass, free for UK) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $360 - $680+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Salem Tool Inc

FAQ 1: What is the estimated average total compensation at Salem Tool Inc?
Salary.com estimates that the average total compensation package at Salem Tool Inc, which can include base salary, potential bonuses, and benefits, is around $34 per hour . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Salem Tool Inc pay compared to DAVEY KENT, INC.?
The average annual salary at Salem Tool Inc is $69,958, or an hourly wage of $34, in comparison to DAVEY KENT, INC. which pays $74,471 per year or $36 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Salem Tool Inc?
Salary progression from an entry-level to a senior role at Salem Tool Inc 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.
FAQ 4: How can I determine if a salary offer from Salem Tool Inc in Lexington is fair given the local cost of living?
To determine if a salary offer from Salem Tool Inc in Lexington is fair, first compare the gross salary to our data for similar roles at Salem Tool Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Lexington" to understand its purchasing power.
FAQ 5: Are promotions at Salem Tool Inc usually accompanied by a significant salary increase?
Yes, promotions at Salem Tool Inc 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.

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