Lorain Tool Enterprises Inc Salary
How Much Does Lorain Tool Enterprises Inc Pay for Different Roles?
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Current Job Openings at Lorain Tool Enterprises Inc
Is Lorain Tool Enterprises Inc’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Modern Plastic Industries | $88,941 |
+4.5%
|
Adjusted for higher cost-of-living indices in Modern Plastic Industries's primary metro hubs. |
| SENSORSTAR Inc | $89,711 |
+5.4%
|
Data suggests SENSORSTAR Inc's workforce skews heavily towards veteran, high-tenure roles. |
| Waterjet Corp Topjet Series Automated Waterjet | $92,991 |
+9.3%
|
Supported by Waterjet Corp Topjet Series Automated Waterjet's high-margin contracts allowing higher overhead. |
| Picustech Software | $100,754 |
+18.4%
|
Reflects structural premiums typical of Picustech Software's large-cap national operations. |
| MFG Durable Industry | $121,746 |
+43.1%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Lorain Tool Enterprises Inc's Salaries Compare to Similar Companies?
Modern Plastic Industries
$88,941 / year
Salary Range: $78,339 - $100,368
SENSORSTAR Inc
$89,711 / year
Salary Range: $79,017 - $101,234
Ellicott City, MD
Waterjet Corp Topjet Series Automated Waterjet
$92,991 / year
Salary Range: $81,885 - $104,977
Lake Orion, MI
Picustech Software
$100,754 / year
Salary Range: $88,749 - $113,696
Valley Cottage, NY
Ubiquity Solar Inc
$84,711 / year
Salary Range: $74,609 - $95,588
Endicott, NY
Schafer Woodworks
$88,318 / year
Salary Range: $77,789 - $99,661
Troy, MI
Syntex Supermaterials
$89,774 / year
Salary Range: $79,072 - $101,307
Houston, TX
Building Automation Systems
$96,546 / year
Salary Range: $85,028 - $108,940
Weymouth, MA
Carson Tool & Mold
$86,356 / year
Salary Range: $76,057 - $97,441
Kennesaw, GA
Employee Reviews: Working at Lorain Tool Enterprises Inc
Lorain Tool Enterprises Inc Overview
What Benefits Does Lorain Tool Enterprises Inc Offer Beyond Salary?
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What Is the Cost of Living Near Lorain?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $650 - $1,000+ | A significant portion of Lorain Tool Enterprises Inc salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | Limited local transit | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $350 - $520 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $280 - $530+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $340 - $630+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $1,800 - $2,930+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Lorain Tool Enterprises Inc
1. How much does Lorain Tool Enterprises Inc in the United States pay?
Lorain Tool Enterprises Inc pays its employees an average of $85,101 per year. The average salary at Lorain Tool Enterprises Inc range from $74,958 to $96,027 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.
2. Do Lorain Tool Enterprises Inc employees get a higher salary than its peer company?
The salary at Lorain Tool Enterprises Inc is lesser than its peer company. The average annual salary at Lorain Tool Enterprises Inc is $85,101, or an hourly wage of $41, in comparison to Modern Plastic Industries which pays $88,941 per year or $43 per hour.
3. How much does salary increase with years of experience at Lorain Tool Enterprises Inc?
Salary progression with years of experience at Lorain Tool Enterprises Inc 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.
4. Do salaries at Lorain Tool Enterprises Inc vary by office location?
Yes, it's very likely that salaries at Lorain Tool Enterprises Inc 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 Lorain section provides more context.
5. Does Lorain Tool Enterprises Inc offer good benefits?
Lorain Tool Enterprises Inc 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 Lorain Tool Enterprises Inc" section on this page.
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