Ideal Tool Co Inc Salary

As of July 2026, the average annual salary for employees at Ideal Tool Co Inc in the United States is $82,949. This translates to an approximate hourly wage of $40. Salaries at Ideal Tool Co Inc typically range from $73,061 to $93,600 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Ideal Tool Co Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Ideal Tool Co Inc. Based on our data, the highest paying job is the Chief Executive Officer, with an annual salary of $642,102. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Ideal Tool Co Inc

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

Is Ideal Tool Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Ideal Tool Co 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
Advanced Electrical and Motor Controls Inc $91,377
+10.2%
Supported by Advanced Electrical and Motor Controls Inc's high-margin contracts allowing higher overhead.
Food Products Manufacturers Inc $91,419
+10.2%
Data suggests Food Products Manufacturers Inc's workforce skews heavily towards veteran, high-tenure roles.
NFA Tracker $85,365
+2.9%
Confirms NFA Tracker is a direct competitor vying for the exact same talent pool.
Bodawg.com $93,012
+12.1%
Reflects structural premiums typical of Bodawg.com's large-cap national operations.
MFG Durable Industry $121,746
+46.8%
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 Ideal Tool Co Inc

Considering a career at Ideal Tool Co Inc? 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.
Safety is a top priority, and protocols are taken seriously. You’re given responsibility and support at the same time. There’s a good rhythm to the work, and team leads are knowledgeable and fair. Flexible scheduling options allow employees to balance personal and professional commitments. Coworkers were helpful, and managers checked in regularly.
The work environment is collaborative, with teams working closely to meet production goals efficiently. Production is steady but occasionally impacted by minor delays. The facility is clean, well-organized, and up-to-date. Working here has provided me with a steady income and meaningful work. It’s a well-run operation with strong values and clear communication across all levels. It’s a decent plac...
I enjoy the structure here. Teamwork is highly encouraged here. From the first day, I felt welcomed and well-trained. The work environment is positive and collaborative, with regular recognition of employee contributions. The company provides a stable work environment with standard safety practices, though enforcement can sometimes be inconsistent.

Ideal Tool Co Inc Overview

Website
www.idealtool.net
Founded In
1977
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
126 Capital Ct Nicholasville Kentucky KY 40356
Revenue
$5 Million - $10 Million
Phone Number
+1 8592557738
Social Media
About Ideal Tool Co Inc
Welcome to Ideal Tool & Manufacturing Company, Inc. Ideal Tool was started on November 1, 1977 by Terrell and Millie Edwards. In January of 2009, Terrell and Millie retired and sold the business to their youngest daughter and her husband, Jenny and Scott Johns. Jenny has been with Ideal Tool since September 23, 1985. Scott joined Ideal on January 17, 2002. Jenny and Scott are committed to continui

What Benefits Does Ideal Tool Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ideal Tool Co Inc 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 Lexington?

Understanding the cost of living near Lexington is key to truly evaluating a salary offer or your current compensation at Ideal Tool Co 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 Ideal Tool Co 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 Ideal Tool Co 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.

FAQs of Ideal Tool Co Inc

1. What is the estimated average total compensation at Ideal Tool Co Inc?

Salary.com estimates that the average total compensation package at Ideal Tool Co Inc, which can include base salary, potential bonuses, and benefits, is around $82,949 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Ideal Tool Co Inc pay compared to Advanced Electrical and Motor Controls Inc?

The average annual salary at Ideal Tool Co Inc is $82,949, or an hourly wage of $40, in comparison to Advanced Electrical and Motor Controls Inc which pays $91,377 per year or $44 per hour.

3. Do salaries differ significantly between departments at Ideal Tool Co Inc?

Yes, salaries often differ between departments at Ideal Tool Co Inc 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 Ideal Tool Co Inc?

Salary progression from an entry-level to a senior role at Ideal Tool Co 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.

5. How can I determine if a salary offer from Ideal Tool Co Inc in Lexington is fair given the local cost of living?

To determine if a salary offer from Ideal Tool Co Inc in Lexington is fair, first compare the gross salary to our data for similar roles at Ideal Tool Co 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.

6. Are promotions at Ideal Tool Co Inc usually accompanied by a significant salary increase?

Yes, promotions at Ideal Tool Co 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.