Rayco Machine And Engineering Group Inc. Salary

As of July 2026, the average annual salary for employees at Rayco Machine And Engineering Group Inc. in the United States is $70,475. This translates to an approximate hourly wage of $34. Salaries at Rayco Machine And Engineering Group Inc. typically range from $61,982 to $79,967 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Rayco Machine And Engineering Group Inc. Pay for Different Roles?

Explore detailed salary information for specific jobs at Rayco Machine And Engineering Group Inc.. Based on our data, the highest paying job is the Director of Finance and Accounting, with an annual salary of $191,976. The table below outlines the annual salary ranges for most popular roles within the company.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Technical Support Representative

$49,122 / year

Salary Range: $43,897 - $55,402

Technical Support

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Turn Insight into Opportunity: Current Job Openings

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About Rayco Machine And Engineering Group Inc.: Company Profile

Website
www.raycomachine.com
Founded In
2005
Employees
<25 employees
Industry
MFG Durable
Headquarter Location
INDIANAPOLIS
Revenue
<$5 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Rayco Machine And Engineering Group Inc.'s culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Weekly check-ins prevent surprises during reviews. Positive feedback is celebrated company-wide. There's a strong culture of mentorship, where experienced manufacturing professionals willingly share their knowledge and guide newer team members. This attention to the manufacturing environment demonstrates a respect for employees and contributes to a more positive and efficient atmosphere, reducing ...
Certification reimbursements demonstrate investment in our growth. Teams work seamlessly across departments to solve complex problems. There's a genuine promote from within culture here. Career aspirations are discussed openly.
Lunch-and-learns facilitate cross-training. Work-life balance is genuinely supported here, with predictable shift schedules and management's respect for our personal time. This consideration contributes to a more sustainable and less stressful work environment overall for the team. Knowing that this manufacturing company has a strong market position and a consistent stream of orders brings a profo...

Is Rayco Machine And Engineering Group Inc.’s Pay Competitive? Salary Benchmarking Analysis

How does Rayco Machine And Engineering Group 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
RIGHTNOUR MANUFACTURING CO., INC. $67,555
-4.1%
Reflects market rates for standard general contracting, differing from specialized roles.
RCITECHNOLOGIES $80,511
+14.2%
Driven by niche technical certifications required for RCITECHNOLOGIES's specialized projects.
BULLSEYE LEAK DETECTION, INC $78,223
+11.0%
Reflects a supply-demand imbalance for the specific talent BULLSEYE LEAK DETECTION, INC targets.
CREATIVEMACHINECOMPANY $77,524
+10.0%
Data suggests CREATIVEMACHINECOMPANY's workforce skews heavily towards veteran, high-tenure roles.
MFG Durable Industry $121,746
+72.8%
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.

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 Rayco Machine And Engineering Group Inc..
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 Rayco Machine And Engineering Group Inc., 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 Rayco Machine And Engineering Group Inc. 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.

Most Common Questions About Rayco Machine And Engineering Group Inc.

FAQ 1: What is the estimated average total compensation at Rayco Machine And Engineering Group Inc.?
Salary.com estimates that the average total compensation package at Rayco Machine And Engineering Group Inc., which can include base salary, potential bonuses, and benefits, is around $70,475 annually . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Rayco Machine And Engineering Group Inc. pay compared to RIGHTNOUR MANUFACTURING CO., INC.?
The average annual salary at Rayco Machine And Engineering Group Inc. is $70,475, or an hourly wage of $34, in comparison to RIGHTNOUR MANUFACTURING CO., INC. which pays $67,555 per year or $32 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Rayco Machine And Engineering Group Inc.?
Salary progression from an entry-level to a senior role at Rayco Machine And Engineering Group Inc. 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.
FAQ 4: How can I determine if a salary offer from Rayco Machine And Engineering Group Inc. in Indianapolis is fair given the local cost of living?
To determine if a salary offer from Rayco Machine And Engineering Group Inc. in Indianapolis is fair, first compare the gross salary to our data for similar roles at Rayco Machine And Engineering Group Inc. and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Indianapolis" to understand its purchasing power.
FAQ 5: Are promotions at Rayco Machine And Engineering Group Inc. usually accompanied by a significant salary increase?
Yes, promotions at Rayco Machine And Engineering Group Inc. 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.