Master Tool & Mfg Inc Salary

As of July 2026, the average annual salary for employees at Master Tool & Mfg Inc in the United States is $84,015. This translates to an approximate hourly wage of $40. Salaries at Master Tool & Mfg Inc typically range from $73,996 to $94,795 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Master Tool & Mfg Inc

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Is Master Tool & Mfg Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Master Tool & Mfg 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
StoneDeks $85,259
+1.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Electric Bike Action $99,594
+18.5%
Reflects a supply-demand imbalance for the specific talent Electric Bike Action targets.
Schoitz Engineering Inc $80,144
-4.6%
Typical compensation structure for smaller regional agencies like Schoitz Engineering Inc.
DMA Industries LLC $83,435
-0.7%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $121,746
+44.9%
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.

Employee Reviews: Working at Master Tool & Mfg Inc

Considering a career at Master Tool & Mfg 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.
This company has a clear vision for the future and effectively communicates it to the employees. Continuous improvement isn't just a slogan here - employee ideas regularly lead to process enhancements. Working here has improved my confidence. Competitive salaries and benefits help retain talented staff.
It’s a solid job where you feel like a valuable part of the team. It’s a stable and enjoyable place to work. However, the environment feels a bit disconnected at times. Smooth production, reliable deliveries, and quality workmanship define our plant. If you like a quiet, professional environment without a lot of chatter, this place works. There aren’t many surprises, and schedules are predictable.
There are real opportunities for growth here. Leadership is accessible, encourages feedback, and invests in employee development through training and mentoring. Consistent performance, high-quality standards, and excellent team coordination make this company stand out. There's great communication between departments, which helps avoid bottlenecks and confusion.

Master Tool & Mfg Inc Overview

Website
www.mastertoolmfg.com
Founded In
2000
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
1450 Progress Dr Hiawatha Iowa IA 52233
Revenue
$5 Million - $10 Million
Phone Number
+1 3193938450
Social Media
About Master Tool & Mfg Inc
Master Tool & Mfg. Inc. is an Innovative Business Located in Hiawatha, Iowa specializing in Manufacturing, Fabrication, Polishing, Information Technology and tool and die

What Benefits Does Master Tool & Mfg Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Master Tool & Mfg 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 Cedar Rapids?

Understanding the cost of living near Cedar Rapids is key to truly evaluating a salary offer or your current compensation at Master Tool & Mfg Inc.
Cedar Rapids' Cost of Living Index is approximately 82.5 (17.5% less expensive than US average; 8.2% less than IA average). Eastern IA city, affordable housing. CR Transit. When planning your budget based on a salary from Master Tool & Mfg Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Master Tool & Mfg Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (CR Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,925 - $3,135+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Master Tool & Mfg Inc

1. How much does a Master Tool & Mfg Inc employee make?

Master Tool & Mfg Inc pays its employees an average of $84,015 per year. The average salary at Master Tool & Mfg Inc range from $73,996 to $94,795 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. Which similar company tend to pay more or less than Master Tool & Mfg Inc?

The salary at Master Tool & Mfg Inc is lesser than the similar company. The average annual salary at Master Tool & Mfg Inc is $84,015, or an hourly wage of $40, in comparison to StoneDeks which pays $85,259 per year or $41 per hour.

3. How much does a President typically earn at Master Tool & Mfg Inc?

A President at Master Tool & Mfg Inc typically earns an average annual base salary of around $650,348, with a general range of $498,360 to $817,864.

4. Do employees with advanced degrees (Master's, PhD) earn more at Master Tool & Mfg Inc?

In many roles at Master Tool & Mfg Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Cedar Rapids affect the perceived value of a Master Tool & Mfg Inc salary?

Cedar Rapids' Cost of Living Index is approximately 82.5 (17.5% less expensive than US average; 8.2% less than IA average). This significantly impacts the purchasing power of a salary from Master Tool & Mfg Inc based there. Our "Cost of Living Insights for Cedar Rapids" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Master Tool & Mfg Inc typically offer employees?

Master Tool & Mfg Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Master Tool & Mfg Inc" section on this page.