| 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. |
$91,377 / year
Salary Range: $80,465 - $103,148
Irving, TX
$91,419 / year
Salary Range: $80,483 - $103,221
Grandville, MI
$85,365 / year
Salary Range: $75,168 - $96,356
Alba, MO
$93,012 / year
Salary Range: $81,904 - $104,990
Richmond, TX
$81,768 / year
Salary Range: $72,016 - $92,259
Mount Vernon, KY
$77,781 / year
Salary Range: $68,516 - $87,772
Murray, KY
$79,796 / year
Salary Range: $70,284 - $90,040
Lawrenceburg, KY
$81,061 / year
Salary Range: $71,402 - $91,479
Harrison, AR
$86,430 / year
Salary Range: $76,121 - $97,527
Harrisburg, PA
Get an estimated calculation of how much you should be earning and insight into your career options.
| 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. |
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.
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.
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.
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.
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.
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.
The trusted data and intuitive software your organization needs to get pay right.
Explore CompAnalyst ®Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data SetsReal-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.
SalaryIQTMIf your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning