Olympic Tool Co Salary

Olympic Tool Co Salary

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As of April 2026, the average annual salary for employees at Olympic Tool Co in the United States is $96,440. This translates to an approximate hourly wage of $46. Salaries at Olympic Tool Co typically range from $84,946 to $108,831 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Olympic Tool Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Olympic Tool Co. Based on our data, the highest paying job is the Head of Engineering, with an annual salary of $253,633. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Olympic Tool Co

Ready for your next career move? Explore current job openings at Olympic Tool Co. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Olympic Tool Co’s Pay Competitive? Salary Benchmarking Analysis

How does Olympic Tool Co'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
Unimotion Inc $97,189
+0.8%
Indicates identical technical requirements and experience levels between the two firms.
Swastik Inc $97,337
+0.9%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
D-NA Inc $93,413
-3.1%
D-NA Inc focuses strategically on recruiting and training entry-level apprentices.
Rayolite $89,088
-7.6%
Rayolite may offer non-monetary perks in lieu of competitive base salaries.
MFG Durable Industry $121,746
+26.2%
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 Olympic Tool Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Olympic Tool Co. Click a company name to learn more.

Employee Reviews: Working at Olympic Tool Co

Considering a career at Olympic Tool Co? 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.
The training programs are top-notch, helping employees develop valuable technical skills. It’s easier now to resolve issues quickly and ensure that production stays on track. Safety standards are high, and equipment is well-maintained. Employees at this company benefit from a collaborative culture that encourages continuous learning and safety awareness.
Commented in February 11, 2025
15
1
They are transparent in their communications and always make time to listen to employees. Equipment updates happen often. I'm proud to be part of a manufacturing company that not only excels in its industry but also takes great care of its employees. What makes this company different is how leadership prioritizes employee development and team cohesion. Promotion is possible but highly competitive.
Commented in February 07, 2025
16
1
It’s not just a job—it’s a place where your contribution truly matters every day. The facility is organized, clean, and equipped for high-volume, high-quality manufacturing. However, the role can feel monotonous over time due to repetitive responsibilities and limited interaction. I appreciate the emphasis on innovation and the investment in advanced manufacturing technologies, which keeps our pro...
Commented in August 24, 2024
42
1

Olympic Tool Co Overview

Website
www.olympic-tool.com
Founded In
1967
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
5a Helmly St Bayville New Jersey NJ 08721
Revenue
<$5 Million
Phone Number
+1 7322695274
Social Media
About Olympic Tool Co
Olympic Tool is a premier contract manufacturing shop that produces precision parts and components to exact customer specifications. We serve a variety of industries including: microwave, lighting, food and beverage, environmental, valve and high technology, as well as subcontracting for other machine shops. We offer you flexible and responsive services with practically limitless versatility. Whet

What Benefits Does Olympic Tool Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Olympic Tool Co 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 Toms River?

Understanding the cost of living near Toms River is key to truly evaluating a salary offer or your current compensation at Olympic Tool Co.
Toms River's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 3.8% less than NJ average). Ocean County, Jersey Shore, housing costs above US avg. NJ Transit, Ocean Ride. When planning your budget based on a salary from Olympic Tool Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,200+ A significant portion of Olympic Tool Co salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation NJ Transit bus, Ocean Ride Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,940 - $4,590+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Olympic Tool Co

1. How much does an Olympic Tool Co employee make?

Olympic Tool Co pays its employees an average of $96,440 per year. The average salary at Olympic Tool Co range from $84,946 to $108,831 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 Olympic Tool Co?

The salary at Olympic Tool Co is lesser than the similar company. The average annual salary at Olympic Tool Co is $96,440, or an hourly wage of $46, in comparison to Unimotion Inc which pays $97,189 per year or $47 per hour.

3. How much does a Head of Engineering typically earn at Olympic Tool Co?

A Head of Engineering at Olympic Tool Co typically earns an average annual base salary of around $253,633, with a general range of $227,221 to $281,969.

4. Do employees with advanced degrees (Master's, PhD) earn more at Olympic Tool Co?

In many roles at Olympic Tool Co, 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 Toms River affect the perceived value of a Olympic Tool Co salary?

Toms River's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 3.8% less than NJ average). This significantly impacts the purchasing power of a salary from Olympic Tool Co based there. Our "Cost of Living Insights for Toms River" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Olympic Tool Co typically offer employees?

Olympic Tool Co 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 Olympic Tool Co" section on this page.

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