Toolrite Salary

Toolrite Salary

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As of August 2026, the average hourly salary for employees at Toolrite in the United States is $45. This translates to an approximate annual wage of $94,426. Salaries at Toolrite typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Toolrite Pay for Different Roles?

Explore detailed salary information for specific jobs at Toolrite. Based on our data, the highest paying job is the Foreman, with an hourly wage of $36. The table below outlines the hourly wage ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Toolrite

Ready for your next career move? Explore current job openings at Toolrite. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Toolrite’s Pay Competitive? Salary Benchmarking Analysis

How does Toolrite'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
Carbide Die & MFG CO Inc $51
+13.4%
Reflects structural premiums typical of Carbide Die & MFG CO Inc's large-cap national operations.
Unique Model Inc $43
-5.0%
Normalized for lower cost-of-living zones where Unique Model Inc primarily operates.
De-Lux Mold & Machine Inc $45
-0.9%
Suggests De-Lux Mold & Machine Inc utilizes a highly similar base-plus-benefits compensation model.
FG Products Inc $46
+0.5%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $59
+28.9%
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 Toolrite and Their Hourly Pay Rates

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

Employee Reviews: Working at Toolrite

Considering a career at Toolrite? 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.
Employees are committed, but there's a lack of team-building or cross-training opportunities. You’ll know what’s expected, there is engagement or brainstorming unless you’re in a leadership role. Efficient workflows improved by skilled, dedicated staff. Overall, this company provides a motivating and stable environment that supports long-term career growth. Working here has taught me discipline an...
Commented in February 27, 2025
23
3
I’ve really enjoyed being part of this company. A decent, routine manufacturing environment. Competitive pay and benefits, plus solid work-life balance. Benefits are decent, and the work atmosphere is upbeat.
Commented in February 25, 2025
38
1
Safety protocols are in place, though their strictness varies by team. Managers support basic needs but don't offer much mentorship. Schedules are consistent, and shifts are rarely disrupted. The company's lean manufacturing approach eliminates waste and improves quality. Career advancement opportunities are present.
Commented in March 31, 2024
38
1

Toolrite Overview

Website
www.toolrite.com
Founded In
1997
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
16400 W Lincoln Ave New Berlin Wisconsin WI 53151
Revenue
$10 Million - $50 Million
Phone Number
+1 2627827050
Social Media
About Toolrite
Toolrite Manufacturing Company, Inc. is a Wisconsin Corporation, established in May of 1967, by John and Bernhard Schreib. It was first housed at 3014 W. Cawker Place in Milwaukee, moved to 2465 S. 170th Street, New Berlin, in August of 1973 and has been located at 16400 W. Lincoln Avenue, New Berlin since January of 1987. John and Bernhard were both born in Berlin, Germany and came to the United

What Benefits Does Toolrite Offer Beyond Salary?

A competitive compensation package is more than just a salary. Toolrite 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 Milwaukee?

Understanding the cost of living near Milwaukee is key to truly evaluating a salary offer or your current compensation at Toolrite.
Milwaukee's Cost of Living Index is approximately 85.9 (14.1% less expensive than US average; 9.4% less than WI average). Largest WI city, Lake Michigan, affordable housing. MCTS bus, The Hop streetcar (free). When planning your budget based on a salary from Toolrite, 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 Toolrite salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $72 (MCTS monthly pass) 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 $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,292 - $3,582+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Toolrite

1. How much does a Toolrite employee make?

Toolrite pays its employees an average of $45 per hour. The average salary at Toolrite range from $40 to $51 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. Which similar company tend to pay more or less than Toolrite?

The salary at Toolrite is lesser than the similar company. The average annual salary at Toolrite is $94,426, or an hourly wage of $45, in comparison to Carbide Die & MFG CO Inc which pays $107,094 per year or $51 per hour.

3. How much does a Foreman typically earn at Toolrite?

A Foreman at Toolrite typically earns an average hourly base salary of around $36, with a general range of $32 to $39.

4. Do employees with advanced degrees (Master's, PhD) earn more at Toolrite?

In many roles at Toolrite, 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.

5. How does the cost of living near Milwaukee affect the perceived value of a Toolrite salary?

Milwaukee's Cost of Living Index is approximately 85.9 (14.1% less expensive than US average; 9.4% less than WI average). This significantly impacts the purchasing power of a salary from Toolrite based there. Our "Cost of Living Insights for Milwaukee" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Toolrite typically offer employees?

Toolrite 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 Toolrite" section on this page.

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