Palma Tool & Die Co Inc Salary

As of August 2026, the average annual salary for employees at Palma Tool & Die Co Inc in the United States is $88,297. This translates to an approximate hourly wage of $42. Salaries at Palma Tool & Die Co Inc typically range from $77,743 to $99,661 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Palma Tool & Die Co Inc

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Is Palma Tool & Die Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Palma Tool & Die Co 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
Aladdin Packaging LLC $99,668
+12.9%
Reflects structural premiums typical of Aladdin Packaging LLC's large-cap national operations.
Light Technology Industry $100,660
+14.0%
Influenced by prevailing union wage agreements specific to Light Technology Industry's sector.
Mold $89,647
+1.5%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Smartdesks $101,493
+14.9%
Adjusted for higher cost-of-living indices in Smartdesks's primary metro hubs.
MFG Durable Industry $121,746
+37.9%
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 Palma Tool & Die Co Inc

Considering a career at Palma Tool & Die Co 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.
Employees enjoy working in a company that values safety, quality, and innovation. Supervisors know your name, and coworkers look out for each other. Training varies by team and shift. Tasks are assigned clearly, and performance expectations are measurable. Safety isn't just a priority - it's ingrained in the culture at all levels.
There’s a strong emphasis on continuous learning and skill development. The work is consistent and expectations are clear. Management is approachable and solutions-oriented. It’s not the most inspiring place to work, but it is dependable.
Expectations are communicated clearly, and leadership takes the time to support staff with resources and tools. The company offers a decent working environment with clear guidelines and expectations. Communication across teams is sometimes unclear, leading to misunderstandings. It's an ideal place for individuals seeking a long-term career in a dynamic manufacturing environment. From onboarding to...
It's inspiring to be part of an organization that values both operational excellence and its people equally. It’s a reliable workplace that respects time, values results, and celebrates milestones together as a team. Strong workforce, the company maintains a robust culture of operational excellence and continuous improvement. I’ve worked in several manufacturing facilities over the years, and this...

Palma Tool & Die Co Inc Overview

Website
www.palmatool.com
Founded In
1962
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
40 Ward Rd Lancaster New York NY 14086
Revenue
$5 Million - $10 Million
Phone Number
+1 7166814464
Social Media
About Palma Tool & Die Co Inc
Palma has been in business since 1962. We are a diverse machine shop with capabilities beyond the basic labels in the NAICS listed below. PROTOTYPE, TOOLING, FIXTURES, REPAIR and LOW VOLUME PRODUCTION are what we do best. We have experience with most tool steels, stainless steels, aluminum and various other alloys and super alloys. AEROSPACE, AIRCRAFT, AUTO, MEDICAL and FOOD, are just at few of th

What Benefits Does Palma Tool & Die Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Palma Tool & Die Co 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 Buffalo?

Understanding the cost of living near Buffalo is key to truly evaluating a salary offer or your current compensation at Palma Tool & Die Co Inc.
Buffalo's Cost of Living Index is approximately 79.5 (20.5% less expensive than US average; 36.4% less than NY average). Western NY city, very affordable housing, revitalizing. NFTA Metro Bus/Rail. When planning your budget based on a salary from Palma Tool & Die Co Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of Palma Tool & Die Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $75 (NFTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,215 - $3,555+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Palma Tool & Die Co Inc

1. What is the typical salary range (low to high) for most roles at Palma Tool & Die Co Inc?

The typical annual salary range for most roles at Palma Tool & Die Co Inc is approximately from $77,743 to $99,661. 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 Palma Tool & Die Co Inc pay compared to Aladdin Packaging LLC?

The average annual salary at Palma Tool & Die Co Inc is $88,297, or an hourly wage of $42, in comparison to Aladdin Packaging LLC which pays $99,668 per year or $48 per hour.

3. Do salaries differ significantly between departments at Palma Tool & Die Co Inc?

Yes, salaries often differ between departments at Palma Tool & Die Co 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 Palma Tool & Die Co Inc?

Experience level is a significant factor in determining salary at Palma Tool & Die Co 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 Palma Tool & Die Co Inc in Buffalo is fair given the local cost of living?

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

6. What factors influence salary increases at Palma Tool & Die Co Inc?

Salary increases at Palma Tool & Die Co Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.