Industrial Park Machine & Tool Co Salary

As of May 2026, the average annual salary for employees at Industrial Park Machine & Tool Co in the United States is $87,527. This translates to an approximate hourly wage of $42. Salaries at Industrial Park Machine & Tool Co typically range from $77,102 to $98,771 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Industrial Park Machine & Tool Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Industrial Park Machine & Tool Co. Based on our data, the highest paying job is the Chief Executive Officer, with an annual salary of $677,538. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Industrial Park Machine & Tool Co

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

Is Industrial Park Machine & Tool Co’s Pay Competitive? Salary Benchmarking Analysis

How does Industrial Park Machine & Tool Co'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
Cabco Cabinets $87,907
+0.4%
Suggests Cabco Cabinets utilizes a highly similar base-plus-benefits compensation model.
Iwaco $89,436
+2.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Lites On West $104,256
+19.1%
Influenced by prevailing union wage agreements specific to Lites On West's sector.
Mount Trailer Co $91,862
+5.0%
Supported by Mount Trailer Co's high-margin contracts allowing higher overhead.
MFG Durable Industry $121,746
+39.1%
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 Industrial Park Machine & Tool Co

Considering a career at Industrial Park Machine & Tool Co? 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.
The company values craftsmanship and ensures products are made to the highest standard every time. I feel valued and respected, which makes me want to do my best. This focus on excellence is instilled from the top down and makes the work feel meaningful and important to everyone involved. Workload fluctuations cause periodic stress, especially in peak seasons.
Training is strong, safety is a priority, and leadership promotes accountability. Overtime may be required during busy periods, leading to occasional fatigue. Management is present, and it is somehow responsive to feedback. While that may be ideal for some, it can get boring. The work environment is professional but can feel bureaucratic and inflexible.
I always feel protected and informed on the job. Coworkers are polite and it is somehow overly collaborative. Strong workplace culture, efficient processes, and consistent leadership create a stable and productive environment. Leadership is visible and approachable. Safety protocols are prioritized and well enforced. The culture here is based on respect, productivity, and teamwork.

Industrial Park Machine & Tool Co Overview

Website
www.gkipl.com
Founded In
1988
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
3326 Butler St Chicago Heights Illinois IL 60411
Revenue
<$5 Million
Phone Number
+1 7087547080
Social Media
About Industrial Park Machine & Tool Co
GK Industrial Park (GKIP) is India’s first fabrication-focussed heavy engineering hub spanning 600-acres located at Tiruchirapalli (Trichy) in the state of Tamil Nadu, South India

What Benefits Does Industrial Park Machine & Tool Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Industrial Park Machine & Tool Co 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Industrial Park Machine & Tool Co.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Industrial Park Machine & Tool Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Industrial Park Machine & Tool Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Industrial Park Machine & Tool Co

1. How much does an Industrial Park Machine & Tool Co employee make?

Industrial Park Machine & Tool Co pays its employees an average of $87,527 per year. The average salary at Industrial Park Machine & Tool Co range from $77,102 to $98,771 per year. 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 Industrial Park Machine & Tool Co?

The salary at Industrial Park Machine & Tool Co is lesser than the similar company. The average annual salary at Industrial Park Machine & Tool Co is $87,527, or an hourly wage of $42, in comparison to Cabco Cabinets which pays $87,907 per year or $42 per hour.

3. How much does a Chief Executive Officer typically earn at Industrial Park Machine & Tool Co?

A Chief Executive Officer at Industrial Park Machine & Tool Co typically earns an average annual base salary of around $677,538, with a general range of $519,282 to $852,161.

4. Do employees with advanced degrees (Master's, PhD) earn more at Industrial Park Machine & Tool Co?

In many roles at Industrial Park Machine & Tool Co, 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 Chicago affect the perceived value of a Industrial Park Machine & Tool Co salary?

Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). This significantly impacts the purchasing power of a salary from Industrial Park Machine & Tool Co based there. Our "Cost of Living Insights for Chicago" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Industrial Park Machine & Tool Co typically offer employees?

Industrial Park Machine & Tool Co 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 Industrial Park Machine & Tool Co" section on this page.