Peerless Machine & Tool Corp Salary

As of August 2026, the average annual salary for employees at Peerless Machine & Tool Corp in the United States is $86,335. This translates to an approximate hourly wage of $42. Salaries at Peerless Machine & Tool Corp typically range from $76,011 to $97,515 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Peerless Machine & Tool Corp

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Is Peerless Machine & Tool Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Peerless Machine & Tool Corp'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
Swiss-Micron Inc $105,881
+22.6%
Reflects a supply-demand imbalance for the specific talent Swiss-Micron Inc targets.
Metal Cutting Corp $103,813
+20.2%
Influenced by prevailing union wage agreements specific to Metal Cutting Corp's sector.
Pittsburgh Plastics Manufacturing Inc $90,143
+4.4%
Reflects structural premiums typical of Pittsburgh Plastics Manufacturing Inc's large-cap national operations.
Cole Hardwood Inc $86,852
+0.6%
Confirms Cole Hardwood Inc is a direct competitor vying for the exact same talent pool.
MFG Durable Industry $121,746
+41.0%
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 Peerless Machine & Tool Corp

Considering a career at Peerless Machine & Tool Corp? 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.
There's a real sense of community and mutual support among colleagues. From good benefits to recognizing hard work, you feel like a valued team member, not just a number. Work can be repetitive depending on department. They promote from within and recognize talent. Team environment is great and communication is strong across departments.
Safety protocols are strictly enforced, ensuring a secure workplace. It’s a place where you can feel secure in your role and proud of the products you help create. You’ll know what’s expected, there is engagement or brainstorming unless you’re in a leadership role. Workinghas been an incredibly rewarding experience.
The atmosphere is professional but friendly, and coworkers genuinely look out for each other. The company invests heavily in state-of-the-art equipment and automation technology, making our jobs safer and more efficient. Facilities are clean, organized and equipped with state-of-the-art machinery. Equipment is generally reliable with some unexpected downtimes. Workloads can fluctuate significantly...
They actively seek employee feedback and implement changes that make a real difference. The competitive wages and comprehensive benefits package show how much the company values its workforce. They ensure we have the right training and tools to do our jobs effectively and safely. This manufacturing firm provides stable employment and reasonable benefits. The facilities are modern, and everything i...
Daily tasks are manageable, and the environment is clean. Pay is fair, and hours are reliable. It’s more than a job—it’s a supportive environment that helps you thrive professionally. What stands out is the structured training process and continued mentorship.

Peerless Machine & Tool Corp Overview

Website
www.peerlessmachine.com
Founded In
1922
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1804 W 2nd St Marion Indiana IN 46952
Revenue
$10 Million - $50 Million
Phone Number
+1 7656622586
Social Media
About Peerless Machine & Tool Corp
Peerless Machine & Tool Corporation was founded in 1922 by Mr. John H. Carson. With six employees and 3,000 square feet of shop space he set up business in Marion, Indiana. In the early years, the company specialized in repairing machinery for the corrugated board industry. However, it wasn't long before opportunities in the paperboard converting and forming markets became available. In 1926, the

What Benefits Does Peerless Machine & Tool Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Peerless Machine & Tool Corp 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Peerless Machine & Tool Corp.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Peerless Machine & Tool Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Peerless Machine & Tool Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Peerless Machine & Tool Corp

1. How much does Peerless Machine & Tool Corp in the United States pay?

Peerless Machine & Tool Corp pays its employees an average of $86,335 per year. The average salary at Peerless Machine & Tool Corp range from $76,011 to $97,515 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. Do Peerless Machine & Tool Corp employees get a higher salary than its peer company?

The salary at Peerless Machine & Tool Corp is lesser than its peer company. The average annual salary at Peerless Machine & Tool Corp is $86,335, or an hourly wage of $42, in comparison to Swiss-Micron Inc which pays $105,881 per year or $51 per hour.

3. What are the highest paying jobs at Peerless Machine & Tool Corp?

The higher-paying job at Peerless Machine & Tool Corp, according to our data, include President (avg. $668,312 per year), Managing Director (avg. $668,312 per year), and Executive Vice President (avg. $254,305 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Peerless Machine & Tool Corp?

Salary progression with years of experience at Peerless Machine & Tool Corp is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Peerless Machine & Tool Corp vary by office location?

Yes, it's very likely that salaries at Peerless Machine & Tool Corp vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Indianapolis section provides more context.

6. Does Peerless Machine & Tool Corp offer good benefits?

Peerless Machine & Tool Corp typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Peerless Machine & Tool Corp" section on this page.