Loftis Machine Company Salary

Loftis Machine Company pays its employees an average of $62,905 per year. The average salary at Loftis Machine Company range from $55,214 to $71,579 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.

The salary at Loftis Machine Company is lesser than its peer company. The average annual salary at Loftis Machine Company is $62,905, or an hourly wage of $30, in comparison to L & M MACHINE INC which pays $75,173 per year or $36 per hour.

Salary progression with years of experience at Loftis Machine Company is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

Yes, it's very likely that salaries at Loftis Machine Company vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Grand Rapids section provides more context.

Loftis Machine Company typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Loftis Machine Company" section on this page.