Spencer Machine & Tool Co Salary

Spencer Machine & Tool Co Salary

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As of July 2026, the average annual salary for employees at Spencer Machine & Tool Co in the United States is $84,405. This translates to an approximate hourly wage of $41. Salaries at Spencer Machine & Tool Co typically range from $74,335 to $95,234 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Spencer Machine & Tool Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Spencer Machine & Tool Co. Based on our data, the highest paying job is the President, with an annual salary of $653,369. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Spencer Machine & Tool Co

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

Is Spencer Machine & Tool Co’s Pay Competitive? Salary Benchmarking Analysis

How does Spencer Machine & Tool Co'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
DDS Glass Doors LLC $79,616
-5.7%
Reflects market rates for standard general contracting, differing from specialized roles.
iTRAK Corp $88,287
+4.6%
Reflects structural premiums typical of iTRAK Corp's large-cap national operations.
Ion Beam Services Ltd $87,126
+3.2%
Driven by niche technical certifications required for Ion Beam Services Ltd's specialized projects.
Madi LLC $85,196
+0.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MFG Durable Industry $121,746
+44.2%
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.

How Spencer Machine & Tool Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Spencer Machine & Tool Co. Click a company name to learn more.

Employee Reviews: Working at Spencer Machine & Tool Co

Considering a career at Spencer Machine & Tool Co? 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 not just a job—it’s a place where your contribution truly matters every day. I feel like a valued member of a successful and caring organization. Problem-solving is encouraged and supported. Welcoming environment with helpful coworkers. I've been with this manufacturer for years, and the stability is fantastic.
Commented in March 30, 2025
30
1
I feel like my skills are respected and used meaningfully. Coworkers were helpful, and managers checked in regularly. I’ve found this manufacturing company to be a fantastic place to work. It’s a reliable workplace that respects time, values results, and celebrates milestones together as a team. The culture emphasizes professionalism to adapt to change, occasionally causing frustration. It’s a wel...
Commented in March 14, 2025
46
3
Communication between shifts could be improved. The company takes pride in its product, and it shows in every detail. Benefits are comprehensive, covering health, retirement, and wellness initiatives.
Commented in January 20, 2024
31
0

Spencer Machine & Tool Co Overview

Website
www.spencermachine.com
Founded In
1994
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
6205 Gheens Mill Rd Jeffersonville Indiana IN 47130
Revenue
$5 Million - $10 Million
Phone Number
+1 8122826300
Social Media
About Spencer Machine & Tool Co
Spencer Machine & Tool offers machining capabilities done by our highly qualified machinists. The specialized equipment that Spencer utilizes can do nearly any job needed. One of the equipment that Spencer operates often is a CNC (Computer Numerical Control) 5" boring mill that has a travel table capable of holding up to 12.5 tons. Spencer has acquired a brand new lathe that can swing out to 60" a

What Benefits Does Spencer Machine & Tool Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Spencer Machine & Tool Co 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 Louisville?

Understanding the cost of living near Louisville is key to truly evaluating a salary offer or your current compensation at Spencer Machine & Tool Co.
Louisville's Cost of Living Index is approximately 87.8 (12.2% less expensive than US average; 5.5% less than KY average). Largest KY city, Kentucky Derby, affordable housing. TARC bus. When planning your budget based on a salary from Spencer Machine & Tool Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of Spencer Machine & Tool Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (TARC 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 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,180 - $3,500+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Spencer Machine & Tool Co

1. What is the estimated average total compensation at Spencer Machine & Tool Co?

Salary.com estimates that the average total compensation package at Spencer Machine & Tool Co, which can include base salary, potential bonuses, and benefits, is around $84,405 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Spencer Machine & Tool Co pay compared to DDS Glass Doors LLC?

The average annual salary at Spencer Machine & Tool Co is $84,405, or an hourly wage of $41, in comparison to DDS Glass Doors LLC which pays $79,616 per year or $38 per hour.

3. Do salaries differ significantly between departments at Spencer Machine & Tool Co?

Yes, salaries often differ between departments at Spencer Machine & Tool Co due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Spencer Machine & Tool Co?

Salary progression from an entry-level to a senior role at Spencer Machine & Tool Co 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.

5. How can I determine if a salary offer from Spencer Machine & Tool Co in Louisville is fair given the local cost of living?

To determine if a salary offer from Spencer Machine & Tool Co in Louisville is fair, first compare the gross salary to our data for similar roles at Spencer Machine & Tool Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Louisville" to understand its purchasing power.

6. Are promotions at Spencer Machine & Tool Co usually accompanied by a significant salary increase?

Yes, promotions at Spencer Machine & Tool Co 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.

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