Lake Park Tool & Machine LLC Salary

Lake Park Tool & Machine LLC Salary

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As of July 2026, the average annual salary for employees at Lake Park Tool & Machine LLC in the United States is $83,730. This translates to an approximate hourly wage of $40. Salaries at Lake Park Tool & Machine LLC typically range from $73,748 to $94,478 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Lake Park Tool & Machine LLC Pay for Different Roles?

Explore detailed salary information for specific jobs at Lake Park Tool & Machine LLC. Based on our data, the highest paying job is the Chief Executive Officer, with an annual salary of $648,144. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Lake Park Tool & Machine LLC

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

Is Lake Park Tool & Machine LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Park Tool & Machine LLC'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
Service Stampings Inc $85,935
+2.6%
Suggests Service Stampings Inc utilizes a highly similar base-plus-benefits compensation model.
Mid-Ohio Material Handling Inc $84,785
+1.3%
Indicates identical technical requirements and experience levels between the two firms.
Advisar LLC $84,310
+0.7%
Confirms Advisar LLC is a direct competitor vying for the exact same talent pool.
Goforth Williamson Inc $86,072
+2.8%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MFG Durable Industry $121,746
+45.4%
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 Lake Park Tool & Machine LLC's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Lake Park Tool & Machine LLC. Click a company name to learn more.

Employee Reviews: Working at Lake Park Tool & Machine LLC

Considering a career at Lake Park Tool & Machine LLC? 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 work is consistent and expectations are clear. Compensation and benefits are competitive, including profit sharing and excellent healthcare. The culture is supportive, emphasizing respect and collaboration across departments, creating a positive and productive workplace. Great hands-on learning experience. More importantly, the culture is incredibly positive; people are friendly, and managemen...
Commented in March 08, 2025
48
3
The experienced workforce maintains time-tested quality standards while adopting the latest smart manufacturing technologies. I've been consistently impresseddedication to employee safety and well-being. Leadership is approachable and open to suggestions, which makes you feel heard.
Commented in November 04, 2024
34
0
Training opportunities are available, and the team collaborates effectively. Supportive management and a strong sense of teamwork make this a great place to grow. Pay is fair, though advancement takes time. My experience has been relatively uneventful. The company offers a decent working environment with clear guidelines and expectations. Safety is a top priority, with strict protocols well enforc...
Commented in July 27, 2024
10
2

Lake Park Tool & Machine LLC Overview

Website
www.lakepark.com
Founded In
1954
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
1221 Velma Ct Youngstown Ohio OH 44512
Revenue
<$5 Million
Phone Number
+1 3307882437
Social Media
About Lake Park Tool & Machine LLC
He was an entrepreneur who started his first business-repairing bicycles-at the age of 14. After graduating from high school, he majored in engineering at Youngstown College (now Youngstown State University). He served in the Army Air Corps, and later held a civilian job at the Naval Air Station in Pensacola, FL. When Pearl Harbor was bombed, he was a member of the technical crew called in to repa

What Benefits Does Lake Park Tool & Machine LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lake Park Tool & Machine LLC 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)
Work at Lake Park Tool & Machine LLC?
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What Is the Cost of Living Near Youngstown?

Understanding the cost of living near Youngstown is key to truly evaluating a salary offer or your current compensation at Lake Park Tool & Machine LLC.
Youngstown's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 19.1% less than OH average). NE OH city, former steel town, extremely affordable. WRTA. When planning your budget based on a salary from Lake Park Tool & Machine LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $600 - $900+ A significant portion of Lake Park Tool & Machine LLC salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (WRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $340 - $500 Can be higher with more dining out or specialty stores.
Personal & Leisure $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,720 - $2,780+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lake Park Tool & Machine LLC

1. What is the typical salary range (low to high) for most roles at Lake Park Tool & Machine LLC?

The typical annual salary range for most roles at Lake Park Tool & Machine LLC is approximately from $73,748 to $94,478. 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 Lake Park Tool & Machine LLC pay compared to Service Stampings Inc?

The average annual salary at Lake Park Tool & Machine LLC is $83,730, or an hourly wage of $40, in comparison to Service Stampings Inc which pays $85,935 per year or $41 per hour.

3. Do salaries differ significantly between departments at Lake Park Tool & Machine LLC?

Yes, salaries often differ between departments at Lake Park Tool & Machine LLC 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 Lake Park Tool & Machine LLC?

Experience level is a significant factor in determining salary at Lake Park Tool & Machine LLC, 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 Lake Park Tool & Machine LLC in Youngstown is fair given the local cost of living?

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

6. What factors influence salary increases at Lake Park Tool & Machine LLC?

Salary increases at Lake Park Tool & Machine LLC are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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