Palmer Tool LLC Salary

As of September 2026, the average annual salary for employees at Palmer Tool LLC in the United States is $81,146. This translates to an approximate hourly wage of $39. Salaries at Palmer Tool LLC typically range from $71,466 to $91,576 annually, reflecting the diverse roles and experience levels within the company.
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Is Palmer Tool LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Palmer Tool LLC'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
Custom Manufacturing & Polishing Inc $84,648
+4.3%
Driven by niche technical certifications required for Custom Manufacturing & Polishing Inc's specialized projects.
Polytanks & Containers Kenya Ltd - Mohinani Group Co $87,749
+8.1%
Supported by Polytanks & Containers Kenya Ltd - Mohinani Group Co's high-margin contracts allowing higher overhead.
Simakas Company Inc $88,034
+8.5%
Data suggests Simakas Company Inc's workforce skews heavily towards veteran, high-tenure roles.
Stainless Process Systems Inc $95,069
+17.2%
Adjusted for higher cost-of-living indices in Stainless Process Systems Inc's primary metro hubs.
MFG Durable Industry $121,746
+50.0%
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 Palmer Tool LLC

Considering a career at Palmer Tool LLC? 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 team is skilled and dedicated, and we all contribute to a high-quality output. Training programs are available but and it can fully meet role-specific needs. Cross-training opportunities help keep the job interesting and develop new skills. It’s a place where you can see a long-term future, supported by a management team that genuinely cares about its people and their professional development....
Upper management makes regular rounds and values visibility. Processes are tightly controlled, which helps productivity but limits flexibility. Employees appreciate the company’s focus on quality and continuous improvement. Management values employee input and actively supports training and professional growth initiatives. There's a great spirit of cooperation, and achievements, both big and small...
Career progression can be often in some roles. Skilled technicians handle machinery expertly and efficiently. You can tell the company invests in both technology and people, which keeps work efficient and safe. There’s a clear focus on quality, and every department works hard to meet expectations.

Palmer Tool LLC Overview

Website
www.palmertool.com
Founded In
1965
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
3385 Hwy 70 E Camden Tennessee TN 38320
Revenue
$10 Million - $50 Million
Phone Number
+1 7315844681
Social Media
About Palmer Tool LLC
The Palmer Tool Company is a thirty-year-old company dedicated to supplying custom machined and fabricated metal products to the world. Palmer Tool is seeking tong-term relationships with lop-quality customers, especially in petrochemical, power, pulp and paper, sand and gravel, mining industries, and marine repair and service, we are prepared to quote anyone on anything.

What Benefits Does Palmer Tool LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Palmer Tool LLC 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 Memphis?

Understanding the cost of living near Memphis is key to truly evaluating a salary offer or your current compensation at Palmer Tool LLC.
Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). Blues/BBQ, FedEx hub, very affordable housing. MATA bus/trolley. When planning your budget based on a salary from Palmer Tool LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Palmer Tool LLC salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MATA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Palmer Tool LLC

1. What is the estimated average total compensation at Palmer Tool LLC?

Salary.com estimates that the average total compensation package at Palmer Tool LLC, which can include base salary, potential bonuses, and benefits, is around $81,146 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Palmer Tool LLC pay compared to Custom Manufacturing & Polishing Inc?

The average annual salary at Palmer Tool LLC is $81,146, or an hourly wage of $39, in comparison to Custom Manufacturing & Polishing Inc which pays $84,648 per year or $41 per hour.

3. Do salaries differ significantly between departments at Palmer Tool LLC?

Yes, salaries often differ between departments at Palmer Tool LLC 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 Palmer Tool LLC?

Salary progression from an entry-level to a senior role at Palmer Tool LLC 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 Palmer Tool LLC in Memphis is fair given the local cost of living?

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

6. Are promotions at Palmer Tool LLC usually accompanied by a significant salary increase?

Yes, promotions at Palmer Tool LLC 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.