Innovated Machine & Tool Co Inc Salary

As of September 2026, the average annual salary for employees at Innovated Machine & Tool Co Inc in the United States is $85,418. This translates to an approximate hourly wage of $41. Salaries at Innovated Machine & Tool Co Inc typically range from $75,214 to $96,417 annually, reflecting the diverse roles and experience levels within the company.
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Is Innovated Machine & Tool Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovated Machine & 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
Bevco Engineering $89,542
+4.8%
Influenced by prevailing union wage agreements specific to Bevco Engineering's sector.
China Wind Systems Inc $108,518
+27.0%
Reflects a supply-demand imbalance for the specific talent China Wind Systems Inc targets.
NJ Sullivan Company Inc $100,491
+17.6%
Driven by niche technical certifications required for NJ Sullivan Company Inc's specialized projects.
GonLED Inc $98,012
+14.7%
Data suggests GonLED Inc's workforce skews heavily towards veteran, high-tenure roles.
MFG Durable Industry $121,746
+42.5%
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 Innovated Machine & Tool Co Inc

Considering a career at Innovated Machine & 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.
I’ve worked here for years and still learn something new regularly. It feels good to work for an organization that gives back and cares about more than just the bottom line, creating a sense of broader social responsibility. It’s a place where everyone’s role contributes to long-term company success and employee satisfaction. Working here has exceeded all my brings resources that support both inno...
Employees at this company benefit from a collaborative culture that encourages continuous learning and safety awareness. They also encourage continuous learning, providing resources for us to improve our skills. Career growth opportunities are abundant, with clear paths from production roles to management. Production goals are challenging but fair, and there’s a real focus on hitting quality metri...
Training programs exist but lack consistency and and it can meet all employee needs. There’s a good rhythm to the work, and team leads are knowledgeable and fair. Scheduling is fair, and production timelines are met. It’s not particularly innovative or fast-paced. Clear processes and helpful training materials.

Innovated Machine & Tool Co Inc Overview

Website
www.innovatedmachine.com
Founded In
1982
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
250 Picketts Ln Newport News Virginia VA 23602
Revenue
$5 Million - $10 Million
Phone Number
+1 7578872181
Social Media
About Innovated Machine & Tool Co Inc
Innovated Machine & Tool Co., Inc. was began in the late 1970's, and incorporated in 1982 in Gloucester County, Virginia. Our company began as a humble machine shop and tool & die maker. The current owner and CEO, Dwight Bryant, joined Innovated Machine in 1984. Subsequently Innovated moved from our first modest shop into a larger building on Route 17 in Gloucester in 1986. The company continued t

What Benefits Does Innovated Machine & Tool Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovated Machine & 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 Newport News?

Understanding the cost of living near Newport News is key to truly evaluating a salary offer or your current compensation at Innovated Machine & Tool Co Inc.
Newport News' Cost of Living Index is approximately 89.8 (10.2% less expensive than US average; 13.7% less than VA average). Hampton Roads city, shipbuilding, affordable. HRT bus. When planning your budget based on a salary from Innovated Machine & Tool Co Inc, 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 Innovated Machine & Tool Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (HRT 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 $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovated Machine & Tool Co Inc

1. What is the average salary for employees at Innovated Machine & Tool Co Inc?

The average annual total compensation for employees at Innovated Machine & Tool Co Inc is approximately $85,418. However, this is an aggregate figure, actual salaries can range significantly, typically from $75,214 to $96,417, depending on factors like job role, experience, and location.

2. How much does Innovated Machine & Tool Co Inc pay compared to Bevco Engineering?

The average annual salary at Innovated Machine & Tool Co Inc is $85,418, or an hourly wage of $41, in comparison to Bevco Engineering which pays $89,542 per year or $43 per hour.

3. What is the lowest salary at Innovated Machine & Tool Co Inc?

The lowest-paying job at Innovated Machine & Tool Co Inc is a Machine Operator with a salary of $31,112 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Innovated Machine & Tool Co Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Innovated Machine & Tool Co Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Innovated Machine & Tool Co Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Newport News?

While some companies offer formal COLA, many, including potentially Innovated Machine & Tool Co Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Innovated Machine & Tool Co Inc?

Most companies, likely including Innovated Machine & Tool Co Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.