Lake Precision Salary

As of August 2026, the average annual salary for employees at Lake Precision in the United States is $74,185. This translates to an approximate hourly wage of $36. Salaries at Lake Precision typically range from $65,238 to $84,182 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Lake Precision Pay for Different Roles?

Explore detailed salary information for specific jobs at Lake Precision. Based on our data, the highest paying job is the Director of Finance and Accounting, with an annual salary of $191,976. The table below outlines the annual salary ranges for most popular roles within the company.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Digital Marketing & Content Specialist

$114,029 / year

Salary Range: $101,095 - $128,388

Digital Marketing

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Lake Precision.
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About Lake Precision: Company Profile

Website
www.lakelandprecision.com
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Location
CONNEAUT LAKE
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Lake Precision's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
You’re encouraged to ask questions and take initiative. Supervisors are approachable, and new ideas are always welcomed during team meetings or project updates. Career advancement opportunities are encouraged and supported. Upper management is rarely visible. Shift work can lead to fatigue due to varying schedules.
It’s more than a job—it’s a supportive environment that helps you thrive professionally. Management listens to feedback. A well-run company where professionalism and teamwork drive performance every day. They don't cut corners on necessary equipment or technology. I like the structured routine. If you like a quiet, professional environment without a lot of chatter, this place works. The environmen...
There's immense pride in seeing our products in the market and knowing the collective effort that went into their creation. Processes are clearly laid out, and there’s rarely any confusion about responsibilities. Shift schedules are predictable, though sometimes repetitive.

Is Lake Precision’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Precision'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
LV VENTURES, INC. $84,462
+13.9%
Reflects structural premiums typical of LV VENTURES, INC.'s large-cap national operations.
LAKELAND PRECISION TOOL $74,704
+0.7%
Indicates identical technical requirements and experience levels between the two firms.
FORT WAYNE WIRE DIE INC $74,680
+0.7%
Suggests FORT WAYNE WIRE DIE INC utilizes a highly similar base-plus-benefits compensation model.
ILLPREC $72,239
-2.6%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MFG Durable Industry $121,746
+64.1%
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.

What Is the Cost of Living Near Erie?

Understanding the cost of living near Erie is key to truly evaluating a salary offer or your current compensation at Lake Precision.
Erie's Cost of Living Index is approximately 79.2 (20.8% less expensive than US average; 18.4% less than PA average). Lake Erie city, very affordable housing. EMTA bus. When planning your budget based on a salary from Lake Precision, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,100+ A significant portion of Lake Precision salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $42 (EMTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,982 - $3,162+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Lake Precision

FAQ 1: What is the estimated average total compensation at Lake Precision?
Salary.com estimates that the average total compensation package at Lake Precision, which can include base salary, potential bonuses, and benefits, is around $74,185 annually . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Lake Precision pay compared to LV VENTURES, INC.?
The average annual salary at Lake Precision is $74,185, or an hourly wage of $36, in comparison to LV VENTURES, INC. which pays $84,462 per year or $41 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Lake Precision?
Salary progression from an entry-level to a senior role at Lake Precision 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.
FAQ 4: How can I determine if a salary offer from Lake Precision in Erie is fair given the local cost of living?
To determine if a salary offer from Lake Precision in Erie is fair, first compare the gross salary to our data for similar roles at Lake Precision and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Erie" to understand its purchasing power.
FAQ 5: Are promotions at Lake Precision usually accompanied by a significant salary increase?
Yes, promotions at Lake Precision 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.