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Industrial Tool Products Inc Salary

Industrial Tool Products Inc Salary

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As of August 2026, the average annual salary for employees at Industrial Tool Products Inc in the United States is $96,472. This translates to an approximate hourly wage of $46. Salaries at Industrial Tool Products Inc typically range from $84,845 to $109,099 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Industrial Tool Products Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Industrial Tool Products Inc. Based on our data, the highest paying job is the President, with an annual salary of $746,778. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Industrial Tool Products Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Industrial Tool Products 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
Reynard Africa $91,092
-5.6%
Reynard Africa operates with a leaner overhead structure, impacting base wage offers.
Wellport Container Line Inc $107,917
+11.9%
Data suggests Wellport Container Line Inc's workforce skews heavily towards veteran, high-tenure roles.
Wool and Company Fine Yarn $94,362
-2.2%
Indicates identical technical requirements and experience levels between the two firms.
Paramount Marine Inc $84,110
-12.8%
Reflects market rates for standard general contracting, differing from specialized roles.
Retail & Wholesale Industry $123,318
+27.8%
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.

How Industrial Tool Products Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Industrial Tool Products Inc

Considering a career at Industrial Tool Products 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.
The job is straightforward, and expectations are clear. Overall, it’s a supportive, forward-thinking employer with great long-term potential. The retail operations run smoothly. The company provides fair compensation. It’s a good option for those seeking stability in retail.
Commented in February 12, 2025
15
2
The leadership team is transparent about company goals, and employees are kept informed through regular updates. The company maintains a good reputation in the Retail & Wholesale industry, and operations run smoothly. Training is thorough and helpful. The company values its employees and offers good work-life balance. Colleagues are friendly, and schedules are flexible. The work culture is inclusi...
Commented in October 21, 2024
42
3
Compensation is competitive, and performance reviews are conducted fairly. Compensation is competitive, and benefits like health insurance and performance bonuses are appreciated. The leadership team is transparent, and there are regular training programs to help employees advance.
Commented in March 21, 2024
48
2

Industrial Tool Products Inc Overview

Website
www.itpco.com
Founded In
1945
Employees
<25 employees
Industry
Retail & Wholesale
Headquarter Address
919 N Central Ave Wood Dale Illinois IL 60191
Revenue
<$5 Million
Phone Number
+1 6307664040
Social Media
About Industrial Tool Products Inc
ITP specializes in industrial tool & hoist sales, rental and installation; along with repair, maintenance, testing and turnkey assembly line engineering torque applications. Since 1945, we've been delivering top quality products and expert applications guidance to countless production assembly, steel making, petrochemical, power generation and facility maintenance customers throughout our surround

What Benefits Does Industrial Tool Products Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Industrial Tool Products 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Industrial Tool Products Inc.
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 Tool Products Inc, 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 Tool Products Inc 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 Tool Products Inc

1. What is the typical salary range (low to high) for most roles at Industrial Tool Products Inc?

The typical annual salary range for most roles at Industrial Tool Products Inc is approximately from $84,845 to $109,099. 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. How much does Industrial Tool Products Inc pay compared to Reynard Africa?

The average annual salary at Industrial Tool Products Inc is $96,472, or an hourly wage of $46, in comparison to Reynard Africa which pays $91,092 per year or $44 per hour.

3. Do salaries differ significantly between departments at Industrial Tool Products Inc?

Yes, salaries often differ between departments at Industrial Tool Products 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. How does experience level affect salary at Industrial Tool Products Inc?

Experience level is a significant factor in determining salary at Industrial Tool Products Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Industrial Tool Products Inc in Chicago is fair given the local cost of living?

To determine if a salary offer from Industrial Tool Products Inc in Chicago is fair, first compare the gross salary to our data for similar roles at Industrial Tool Products Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

6. Are the salaries listed for Industrial Tool Products Inc on Salary.com pre-tax or after-tax?

All salary figures displayed for Industrial Tool Products Inc, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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