New Ulm Precision Tool Inc Salary

As of July 2026, the average annual salary for employees at New Ulm Precision Tool Inc in the United States is $93,867. This translates to an approximate hourly wage of $45. Salaries at New Ulm Precision Tool Inc typically range from $82,673 to $105,916 annually, reflecting the diverse roles and experience levels within the company.

How Much Does New Ulm Precision Tool Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at New Ulm Precision Tool Inc. Based on our data, the highest paying job is the Tool Designer, with an annual salary of $66,297. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at New Ulm Precision Tool Inc

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Is New Ulm Precision Tool Inc’s Pay Competitive? Salary Benchmarking Analysis

How does New Ulm Precision Tool 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
Lemna Technologies Inc $93,044
-0.9%
Confirms Lemna Technologies Inc is a direct competitor vying for the exact same talent pool.
Windows and Doors Inc $92,949
-1.0%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Amaryllo $98,877
+5.3%
Reflects structural premiums typical of Amaryllo's large-cap national operations.
Maybar Manufacturing Co $88,118
-6.1%
Typical compensation structure for smaller regional agencies like Maybar Manufacturing Co.
MFG Durable Industry $121,746
+29.7%
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.

Employee Reviews: Working at New Ulm Precision Tool Inc

Considering a career at New Ulm Precision Tool 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.
You feel appreciated for your efforts. The blend of skilled tradespeople and advanced automation creates an exciting work environment. The team is collaborative, and there’s a shared commitment to efficiency and quality. The work environment is friendly, with open communication and recognition programs that celebrate employee achievements, creating high motivation and job satisfaction.
I’m proud to contribute to products that are built with precision and care. The organization focuses on employee well-being and process improvement. The communication between management and employees is excellent, ensuring everyone is aligned and informed. Tasks are assigned clearly, and performance expectations are measurable. Training is comprehensive, and collaboration across shifts is smooth. ...
Work conditions are generally stable, with decent safety measures and adequate equipment. You’re given responsibility and support at the same time. The employee recognition programs make hard work feel valued. Welcoming environment with helpful coworkers.

New Ulm Precision Tool Inc Overview

Website
www.newulmprecisiontool.com
Founded In
1974
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
2217 S Broadway St New Ulm Minnesota MN 56073
Revenue
<$5 Million
Phone Number
+1 5072332900
Social Media
About New Ulm Precision Tool Inc
New Ulm Precision Tool, Inc. (NUPTI) was founded in 1974 and located in a 12,000 sq. ft. facility in New Ulm, Minnesota. By 1989, the company had outgrown its first facility, so the founder of the company, Curt Asleson, decided to move the company to a larger facility located just down the road at 2217 South Broadway. With the need for yet another expansion in 2006, Curt added on to the building b

What Benefits Does New Ulm Precision Tool Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. New Ulm Precision Tool 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at New Ulm Precision Tool Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from New Ulm Precision Tool Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of New Ulm Precision Tool Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of New Ulm Precision Tool Inc

1. What is the typical salary range (low to high) for most roles at New Ulm Precision Tool Inc?

The typical annual salary range for most roles at New Ulm Precision Tool Inc is approximately from $82,673 to $105,916. 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. How much does New Ulm Precision Tool Inc pay compared to Lemna Technologies Inc?

The average annual salary at New Ulm Precision Tool Inc is $93,867, or an hourly wage of $45, in comparison to Lemna Technologies Inc which pays $93,044 per year or $45 per hour.

3. Do salaries differ significantly between departments at New Ulm Precision Tool Inc?

Yes, salaries often differ between departments at New Ulm Precision Tool 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. How does experience level affect salary at New Ulm Precision Tool Inc?

Experience level is a significant factor in determining salary at New Ulm Precision Tool Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from New Ulm Precision Tool Inc in Minneapolis is fair given the local cost of living?

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

6. Why might an individual's actual salary at New Ulm Precision Tool Inc differ from the ranges shown here?

An individual's actual salary at New Ulm Precision Tool Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.