Speedway Machine and Tool Co Inc Salary

As of August 2026, the average annual salary for employees at Speedway Machine and Tool Co Inc in the United States is $85,513. This translates to an approximate hourly wage of $41. Salaries at Speedway Machine and Tool Co Inc typically range from $75,324 to $96,503 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Speedway Machine and Tool Co Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Speedway Machine and Tool Co Inc. Based on our data, the highest paying job is the Design Engineer, with an annual salary of $104,450. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Speedway Machine and Tool Co Inc

Ready for your next career move? Explore current job openings at Speedway Machine and Tool Co Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Speedway Machine and Tool Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Speedway Machine and Tool Co 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
Tridus $98,898
+15.7%
Driven by niche technical certifications required for Tridus's specialized projects.
Aquapoint Inc $92,327
+8.0%
Data suggests Aquapoint Inc's workforce skews heavily towards veteran, high-tenure roles.
Hardig Industrial Services Inc $85,882
+0.4%
Suggests Hardig Industrial Services Inc utilizes a highly similar base-plus-benefits compensation model.
TOPS Engineering Corp $87,675
+2.5%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MFG Durable Industry $121,746
+42.4%
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 Speedway Machine and Tool Co Inc

Considering a career at Speedway Machine and Tool Co Inc? 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.
It’s a well-run operation with strong values and clear communication across all levels. Everyone’s role feels important to the company’s success, and that helps create a great workplace culture. Advancement is possible. Flexible scheduling options provide work-life balance, which employees appreciate.
Our facility runs smoothly with minimal downtime, and employee feedback is regularly considered for improving performance and efficiency. I feel like my work matters here. Good benefits and a stable work environment are also major positives. Reliable schedule and stable job security. Schedules sometimes change with short notice. The commitment to quality here is inspiring. Seeing our products used...
operations run efficiently without feeling impersonal. The leadership team is transparent and approachable, maintaining open communication channels. Smooth production, reliable deliveries, and quality workmanship define our plant. I’m impressed by their commitment to sustainability and environmentally friendly practices. Employees across multiple shifts, coordination could be challenging, but the ...

Speedway Machine and Tool Co Inc Overview

Website
www.speedwaymachines.com
Founded In
1950
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
1802 N Luett Ave Indianapolis Indiana IN 46222
Revenue
<$5 Million
Phone Number
+91 1125918854
Social Media
About Speedway Machine and Tool Co Inc
Speedway Machine and Tool Co Inc is a company that operates in the Machinery industry. It employs 11-20 people and has $1M-$5M of revenue. The company is headquartered in Indianapolis, Indiana.

What Benefits Does Speedway Machine and Tool Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Speedway Machine and Tool Co Inc 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 Speedway Machine and Tool Co 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 Speedway Machine and Tool Co 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 Speedway Machine and Tool Co 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.

FAQs of Speedway Machine and Tool Co Inc

1. What is the typical salary range (low to high) for most roles at Speedway Machine and Tool Co Inc?

The typical annual salary range for most roles at Speedway Machine and Tool Co Inc is approximately from $75,324 to $96,503. 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. How much does Speedway Machine and Tool Co Inc pay compared to Tridus?

The average annual salary at Speedway Machine and Tool Co Inc is $85,513, or an hourly wage of $41, in comparison to Tridus which pays $98,898 per year or $48 per hour.

3. How does experience level affect salary at Speedway Machine and Tool Co Inc?

Experience level is a significant factor in determining salary at Speedway Machine and Tool Co Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Speedway Machine and Tool Co Inc in Indianapolis is fair given the local cost of living?

To determine if a salary offer from Speedway Machine and Tool Co Inc in Indianapolis is fair, first compare the gross salary to our data for similar roles at Speedway Machine and Tool Co 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.

5. What factors influence salary increases at Speedway Machine and Tool Co Inc?

Salary increases at Speedway Machine and Tool Co Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.