ToolKraft Salary

ToolKraft Salary

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As of April 2026, the average annual salary for employees at ToolKraft in the United States is $91,061. This translates to an approximate hourly wage of $44. Salaries at ToolKraft typically range from $80,208 to $102,758 annually, reflecting the diverse roles and experience levels within the company.

How Much Does ToolKraft Pay for Different Roles?

Explore detailed salary information for specific jobs at ToolKraft. Based on our data, the highest paying job is the Machinist, with an annual salary of $47,351. 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 ToolKraft

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

Is ToolKraft’s Pay Competitive? Salary Benchmarking Analysis

How does ToolKraft'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
Casadei Busellato $86,240
-5.3%
Typical compensation structure for smaller regional agencies like Casadei Busellato.
Pillar Machine $83,382
-8.4%
Pillar Machine may offer non-monetary perks in lieu of competitive base salaries.
Chase Machine & Engineering Inc $94,331
+3.6%
Driven by niche technical certifications required for Chase Machine & Engineering Inc's specialized projects.
Molding Corporation of America Co $100,913
+10.8%
Reflects a supply-demand imbalance for the specific talent Molding Corporation of America Co targets.
MFG Durable Industry $121,746
+33.7%
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 ToolKraft's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at ToolKraft

Considering a career at ToolKraft? 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.
I’ve had opportunities to learn and grow that I never expected. The company actively encourages internal promotions and invests in skill development programs, including apprenticeships and technical training. This makes you feel like your voice matters and that you can contribute to positive changes. A clean, safe facility with well-maintained equipment.
Commented in April 01, 2025
46
3
The factory is organized, safe, and productive. it feels like a tight-knit community working towards common goals. Meetings are purposeful, and goals are achievable. If you’re someone who prefers routine over challenge, it’s a reasonable place to work. Seeing our products used in demanding applications worldwide reinforces the importance of our daily work. Hard work and dedication are genuinely re...
Commented in March 11, 2025
36
3
You always know what’s expected and have the support to get it done. Shift flexibility is appreciated. The culture is professional and it is flexibility and innovation, which and it can suit employees seeking dynamic, fast-paced environments. Diversity is valued, and it creates a much richer and more innovative workplace.
Commented in February 06, 2024
22
1

ToolKraft Overview

Website
www.toolkraft.com
Founded In
1956
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
PO Box 80777 Springfield Massachusetts MA 01138
Revenue
$5 Million - $10 Million
Phone Number
+1 4137377331
Social Media
About ToolKraft
Toolkraft's performance has resulted in sustained growth for nearly 50 years and our long-term associations with our customers, who demand high precision, unmatched quality and on-time service. And we deliver it at the best price. We have gained a nationwide reputation for producing parts used in industries that require extremely tight tolerances, such as aerospace, medical, test equipment, food p

What Benefits Does ToolKraft Offer Beyond Salary?

A competitive compensation package is more than just a salary. ToolKraft 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 Springfield?

Understanding the cost of living near Springfield is key to truly evaluating a salary offer or your current compensation at ToolKraft.
Springfield's Cost of Living Index is approximately 97.5 (2.5% less expensive than US average; 26.5% less than MA average). Western MA city, more affordable housing. PVTA bus, Hartford Line rail. When planning your budget based on a salary from ToolKraft, 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 ToolKraft salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $58 (PVTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 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) $2,488 - $3,868+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of ToolKraft

1. What is the typical salary range (low to high) for most roles at ToolKraft?

The typical annual salary range for most roles at ToolKraft is approximately from $80,208 to $102,758. 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 ToolKraft pay compared to Casadei Busellato?

The average annual salary at ToolKraft is $91,061, or an hourly wage of $44, in comparison to Casadei Busellato which pays $86,240 per year or $41 per hour.

3. How does experience level affect salary at ToolKraft?

Experience level is a significant factor in determining salary at ToolKraft, 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 ToolKraft in Springfield is fair given the local cost of living?

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

5. Why might an individual's actual salary at ToolKraft differ from the ranges shown here?

An individual's actual salary at ToolKraft can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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