Strike Tool Salary

As of April 2026, the average annual salary for employees at Strike Tool in the United States is $88,245. This translates to an approximate hourly wage of $42. Salaries at Strike Tool typically range from $77,725 to $99,575 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Strike Tool Pay for Different Roles?

Explore detailed salary information for specific jobs at Strike Tool. Based on our data, the highest paying job is the President, with an annual salary of $683,090. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Strike Tool

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

Is Strike Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Strike Tool'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
Walker US Inc $100,438
+13.8%
Reflects a supply-demand imbalance for the specific talent Walker US Inc targets.
Advanced Ears $84,648
-4.1%
Advanced Ears likely leverages performance bonuses over the high base salary shown here.
Euler Products Inc $97,347
+10.3%
Supported by Euler Products Inc's high-margin contracts allowing higher overhead.
Lab Interiors Group $86,683
-1.8%
Confirms Lab Interiors Group is a direct competitor vying for the exact same talent pool.
MFG Durable Industry $121,746
+38.0%
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.

Employee Reviews: Working at Strike Tool

Considering a career at Strike Tool? 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.
Work is steady and predictable. Working here has been a positive experience from the start. Management recognizes hard work, and training is thorough. Leadership is accessible and responsive to employee feedback.
The benefits are generous and consistent with industry standards. They combine a strong commitment to producing quality products with an equally strong commitment to their employees' well-being and development. Leadership cares about employees and works to create a safe and inclusive environment. The culture is professional but sometimes bureaucratic, with resistance to rapid change and innovation...
They offer good health and wellness programs, showing a genuine concern for employee well-being beyond just workplace safety. Reliable equipment reduces unexpected breakdowns and delays. Schedules are consistent, and there's a positive culture that fosters respect, growth, and cooperation at every level.

Strike Tool Overview

Website
www.striketool.com
Founded In
1984
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
31785 64th Ave Cannon Falls Minnesota MN 55009
Revenue
<$5 Million
Phone Number
+1 5072634129
Social Media
About Strike Tool
At Strike Tool we manufacture products that enhance the concrete industry. Whether it be precast concrete or construction, we make products tough enough to withstand both. We pride ourselves on making products that our customers need and ask for. Our president, Bob Banks, takes his tool-making education and combines it with his knowledge of the precast industry to come up with some of the most inn

What Benefits Does Strike Tool Offer Beyond Salary?

A competitive compensation package is more than just a salary. Strike Tool 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Strike Tool.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Strike Tool, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Strike Tool salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Strike Tool

1. How much does a Strike Tool employee make?

Strike Tool pays its employees an average of $88,245 per year. The average salary at Strike Tool range from $77,725 to $99,575 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.

2. Which similar company tend to pay more or less than Strike Tool?

The salary at Strike Tool is lesser than the similar company. The average annual salary at Strike Tool is $88,245, or an hourly wage of $42, in comparison to Walker US Inc which pays $100,438 per year or $48 per hour.

3. How much does a President typically earn at Strike Tool?

A President at Strike Tool typically earns an average annual base salary of around $683,090, with a general range of $523,478 to $859,104.

4. Do employees with advanced degrees (Master's, PhD) earn more at Strike Tool?

In many roles at Strike Tool, 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.

5. How does the cost of living near Minneapolis affect the perceived value of a Strike Tool salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Strike Tool based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Strike Tool typically offer employees?

Strike Tool 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 Strike Tool" section on this page.