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Richter Precision Inc Salary

Richter Precision Inc Salary

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As of October 2026, the average annual salary for employees at Richter Precision Inc in the United States is $75,584. This translates to an approximate hourly wage of $36. Salaries at Richter Precision Inc typically range from $66,470 to $85,770 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Richter Precision Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Richter Precision 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 Richter Precision Inc: Company Profile

Website
www.richterprecision.com
Founded In
1978
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
EAST PETERSBURG
Revenue
$10 Million - $50 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 Richter Precision Inc's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Problem-solving is encouraged and supported. It's a place where you feel respected and your contributions are genuinely appreciated by both peers and supervisors. Leadership communicates company goals clearly and celebrates team achievements. Commitment to deadlines consistently meets customer expectations. Leadership is approachable and open to suggestions, which makes you feel heard.
Commented in April 28, 2025
14
3
Processes are well-established but can feel rigid. It's a strong, dependable environment for anyone interested in stable, hands-on manufacturing work with growth opportunities. Great team culture on the floor. The company feels stable, with steady demand and minimal layoffs. Safety practices meet regulations but lack extra initiatives. Shift work can be tiring due to irregular schedules. Employees...
Commented in March 17, 2025
20
0
Promotions occur but are infrequent. Safety is paramount here, and it shows in everything we do. Reliable production processes and experienced staff ensure timely delivery and consistent product quality. This culture of appreciation boosts morale and motivates everyone to do their best work consistently. Management listens to feedback.
Commented in October 05, 2024
35
3
The company uses modern machinery and technology, improving productivity and job satisfaction. Expectations are easy to meet, and leadership rarely interferes unless there’s an issue. It’s a very inclusive environment where everyone is treated with respect. Training was straightforward, and my team was very welcoming. The training doesn't stop after orientation - there are regular skills upgrades ...
Commented in February 02, 2024
27
2

How Richter Precision Inc's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Richter Precision Inc’s pay competitiveness. Click on a company for a deeper dive.

Is Richter Precision Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Richter Precision 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
RTSCUT $76,887
+1.7%
Suggests RTSCUT utilizes a highly similar base-plus-benefits compensation model.
REIF CARBIDE TOOL COMPANY $78,342
+3.6%
Reflects structural premiums typical of REIF CARBIDE TOOL COMPANY's large-cap national operations.
ROESCH MANUFACTURING $77,648
+2.7%
Confirms ROESCH MANUFACTURING is a direct competitor vying for the exact same talent pool.
RELIABLE CUTTING TOOLS INC. $85,471
+13.1%
Influenced by prevailing union wage agreements specific to RELIABLE CUTTING TOOLS INC.'s sector.
MFG Durable Industry $121,746
+61.1%
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 Lancaster?

Understanding the cost of living near Lancaster is key to truly evaluating a salary offer or your current compensation at Richter Precision Inc.
Lancaster's Cost of Living Index is approximately 97.1 (2.9% less expensive than US average; same as PA average). South Central PA city, Amish country, housing near US avg. RRTA bus. When planning your budget based on a salary from Richter Precision Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Richter Precision Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $56 (RRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,456 - $3,816+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Richter Precision Inc

FAQ 1: How much does a Richter Precision Inc employee make?
Richter Precision Inc pays its employees an average of $75,584 per year. The average salary at Richter Precision Inc range from $66,470 to $85,770 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.
FAQ 2: Which similar company tend to pay more or less than Richter Precision Inc?
The salary at Richter Precision Inc is lesser than the similar company. The average annual salary at Richter Precision Inc is $75,584, or an hourly wage of $36, in comparison to RTSCUT which pays $76,886 per year or $37 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Richter Precision Inc?
In many roles at Richter Precision Inc, 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.
FAQ 4: How does the cost of living near Lancaster affect the perceived value of a Richter Precision Inc salary?
Lancaster's Cost of Living Index is approximately 97.1 (2.9% less expensive than US average; same as PA average). This significantly impacts the purchasing power of a salary from Richter Precision Inc based there. Our "Cost of Living Insights for Lancaster" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Richter Precision Inc typically offer employees?
Richter Precision Inc 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 Richter Precision Inc" section on this page.

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