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Marengo Tool & Die Works Inc Salary

Marengo Tool & Die Works Inc Salary

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As of August 2026, the average annual salary for employees at Marengo Tool & Die Works Inc in the United States is $90,386. This translates to an approximate hourly wage of $43. Salaries at Marengo Tool & Die Works Inc typically range from $79,594 to $102,026 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Marengo Tool & Die Works Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Marengo Tool & Die Works Inc. Based on our data, the highest paying job is the President, with an annual salary of $699,665. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Marengo Tool & Die Works Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Marengo Tool & Die Works 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
CAMEL Die Ltd $91,209
+0.9%
Confirms CAMEL Die Ltd is a direct competitor vying for the exact same talent pool.
H B Mains Industries Inc $87,411
-3.3%
Normalized for lower cost-of-living zones where H B Mains Industries Inc primarily operates.
Scientific Test Inc $89,394
-1.1%
Indicates identical technical requirements and experience levels between the two firms.
Midwest Mold Services Inc $91,599
+1.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
MFG Durable Industry $121,746
+34.7%
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 Marengo Tool & Die Works Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Marengo Tool & Die Works Inc. Click a company name to learn more.

Employee Reviews: Working at Marengo Tool & Die Works Inc

Considering a career at Marengo Tool & Die Works 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.
Consistent processes, minimal errors, and smart scheduling define this workplace. Those who show initiative and reliability are quickly noticed and rewarded. It allows for impressive capabilities while maintaining focus on individual development. The emphasis on open communication and employee involvement here is remarkable. However, change and ideas for improvement are often delayed.
Commented in April 27, 2025
16
0
If you’re looking for predictability and minimal stress, this could be a good fit. There’s little variation day to day, and most tasks are repetitive. A well-run company where professionalism and teamwork drive performance every day. Clean environment, efficient workflows, and respectful coworkers. Safety training goes beyond minimum requirements, creating genuine culture of care. I greatly apprec...
Commented in October 19, 2024
12
3
Their visionary guidance, strategic insight, and genuine enthusiasm are a true inspiration to all of us. The work environment is safe, the teams are collaborative, and there are tangible opportunities for advancement. Modern machinery increases production speed and quality. Communication between departments can be inconsistent, occasionally impacting productivity. Consistent hours, respectful cowo...
Commented in September 07, 2024
18
1
There are consistent opportunities for training and career advancement, supported by management. It’s a place where effort is appreciated and results matter. Safety isn't just a priority here, it's a core value that guides every decision. Leadership communicates company goals clearly and celebrates team achievements. This shared purpose creates a positive and motivated workforce dedicated to achie...
Commented in July 11, 2024
49
1
Employees demonstrate great attention to detail and care. The company meets the basics but doesn’t go beyond. Pride in building quality products. The culture is supportive, emphasizing respect and collaboration across departments, creating a positive and productive workplace.
Commented in March 28, 2024
13
1

Marengo Tool & Die Works Inc Overview

Website
www.marengotool.com
Founded In
1946
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
201 E Railroad St Marengo Illinois IL 60152
Revenue
$5 Million - $10 Million
Phone Number
+1 8155687411
Social Media
About Marengo Tool & Die Works Inc
Marengo Tool & Die Works was founded in 1946 through the partnership of Otto Tauck and Fred Struckmeier, Sr. The original building was only 10,000 square feet. The business mainly serviced tool and die work and machining in the early years. Since then the Company has expanded several times and now covers approximately 62,000 square feet. In the mid 1950's Marengo Tool & Die built several special m

What Benefits Does Marengo Tool & Die Works Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Marengo Tool & Die Works 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Marengo Tool & Die Works Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Marengo Tool & Die Works Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Marengo Tool & Die Works Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Marengo Tool & Die Works Inc

1. What is the estimated average total compensation at Marengo Tool & Die Works Inc?

Salary.com estimates that the average total compensation package at Marengo Tool & Die Works Inc, which can include base salary, potential bonuses, and benefits, is around $90,386 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Marengo Tool & Die Works Inc pay compared to CAMEL Die Ltd?

The average annual salary at Marengo Tool & Die Works Inc is $90,386, or an hourly wage of $43, in comparison to CAMEL Die Ltd which pays $91,209 per year or $44 per hour.

3. Do salaries differ significantly between departments at Marengo Tool & Die Works Inc?

Yes, salaries often differ between departments at Marengo Tool & Die Works Inc 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Marengo Tool & Die Works Inc?

Salary progression from an entry-level to a senior role at Marengo Tool & Die Works Inc 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.

5. How can I determine if a salary offer from Marengo Tool & Die Works Inc in Chicago is fair given the local cost of living?

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

6. Are promotions at Marengo Tool & Die Works Inc usually accompanied by a significant salary increase?

Yes, promotions at Marengo Tool & Die Works Inc 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.

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