Salem Tool Inc Salary

Salem Tool Inc Salary

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As of August 2026, the average annual salary for employees at Salem Tool Inc in the United States is $69,958. This translates to an approximate hourly wage of $34. Salaries at Salem Tool Inc typically range from $61,522 to $79,386 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Salem Tool Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Salem Tool 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 Salem Tool Inc: Company Profile

Website
www.salemtool.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
CORBIN
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About SALEM TOOL INC
SALEM TOOL INC is a company based out of PO BOX 760, LONDON, Kentucky, United States.

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Salem Tool Inc's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
They skillfully manage a colossal operation maintaining clear strategic goals and a strong company culture. There’s not much flexibility in how work is done. Career growth opportunities exist but are competitive. The management style is hands-off. Leadership communicates company goals clearly and celebrates team achievements.
Commented in March 23, 2025
13
2
The team I work with is professional and dedicated. Beyond that, the team atmosphere is fantastic. Management actually listens to suggestions and acts on them. The facility is clean, well-organized, and up-to-date.
Commented in February 02, 2025
22
0
It's a place where you feel respected and your contributions are genuinely appreciated by both peers and supervisors. The focus on lean manufacturing principles eliminates wasteful practices while improving working conditions. The attention to detail in our manufacturing processes is impressive, and there's a shared pride in the quality of our output. Shift schedules vary and may cause fatigue. I ...
Commented in January 05, 2025
20
0
Facilities are clean, well-lit, and climate-controlled, creating a comfortable work environment. Working at this manufacturing plant has been an incredibly rewarding experience. The operations are efficient, and innovation is welcomed at all levels. The company culture is excellent, promoting collaboration and open communication across all departments. Advancement is based on merit, not just tenur...
Commented in August 23, 2024
15
0
This consideration makes a huge difference in overall job satisfaction and well-being, allowing for a healthy integration of work and life. The processes are well-documented, and production targets are realistic. You know what to expect, and policies are applied evenly. The work atmosphere is professional, though sometimes rigid. One of the best places I’ve worked in manufacturing.
Commented in February 11, 2024
22
0

How Salem Tool Inc's Salaries Compare to Similar Companies?

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

Is Salem Tool Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Salem Tool 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
DAVEY KENT, INC. $74,472
+6.5%
Data suggests DAVEY KENT, INC.'s workforce skews heavily towards veteran, high-tenure roles.
LUDMAN MACHINE $75,822
+8.4%
Adjusted for higher cost-of-living indices in LUDMAN MACHINE's primary metro hubs.
DIVERSIFIED ENERGY SERVICES $72,325
+3.4%
Reflects structural premiums typical of DIVERSIFIED ENERGY SERVICES's large-cap national operations.
ELDRED WHEELER FURNITURE $83,802
+19.8%
Supported by ELDRED WHEELER FURNITURE's high-margin contracts allowing higher overhead.
MFG Durable Industry $121,746
+74.0%
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.

What Is the Cost of Living Near Lexington?

Understanding the cost of living near Lexington is key to truly evaluating a salary offer or your current compensation at Salem Tool Inc.
Lexington's Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 2.6% less than KY average). 'Horse Capital', Univ. of Kentucky, housing affordable. Lextran bus. When planning your budget based on a salary from Salem Tool Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Salem Tool Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (Lextran monthly pass, free for UK) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $360 - $680+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Salem Tool Inc

FAQ 1: How much does Salem Tool Inc in the United States pay?
Salem Tool Inc pays its employees an average of $69,958 per year. The average salary at Salem Tool Inc range from $61,522 to $79,386 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: Do Salem Tool Inc employees get a higher salary than its peer company?
The salary at Salem Tool Inc is lesser than its peer company. The average annual salary at Salem Tool Inc is $69,958, or an hourly wage of $34, in comparison to DAVEY KENT, INC. which pays $74,471 per year or $36 per hour.
FAQ 3: How much does salary increase with years of experience at Salem Tool Inc?
Salary progression with years of experience at Salem Tool Inc 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.
FAQ 4: Do salaries at Salem Tool Inc vary by office location?
Yes, it's very likely that salaries at Salem Tool Inc 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 Lexington section provides more context.
FAQ 5: Does Salem Tool Inc offer good benefits?
Salem Tool Inc 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 Salem Tool Inc" section on this page.

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