Toolrite Salary

Toolrite Salary

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As of July 2026, the average annual salary for employees at Toolrite in the United States is $94,426. This translates to an approximate hourly wage of $45. Salaries at Toolrite typically range from $83,122 to $106,648 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Toolrite Pay for Different Roles?

Explore detailed salary information for specific jobs at Toolrite. Based on our data, the highest paying job is the Foreman, with an annual salary of $74,795. 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 Toolrite

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

Is Toolrite’s Pay Competitive? Salary Benchmarking Analysis

How does Toolrite'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
Carbide Die & MFG CO Inc $107,094
+13.4%
Supported by Carbide Die & MFG CO Inc's high-margin contracts allowing higher overhead.
Unique Model Inc $89,732
-5.0%
Unique Model Inc likely leverages performance bonuses over the high base salary shown here.
De-Lux Mold & Machine Inc $93,571
-0.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
FG Products Inc $94,879
+0.5%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $121,746
+28.9%
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 Toolrite's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Toolrite

Considering a career at Toolrite? 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.
Employees are committed, but there's a lack of team-building or cross-training opportunities. You’ll know what’s expected, there is engagement or brainstorming unless you’re in a leadership role. Efficient workflows improved by skilled, dedicated staff. Overall, this company provides a motivating and stable environment that supports long-term career growth. Working here has taught me discipline an...
Commented in February 27, 2025
23
3
I’ve really enjoyed being part of this company. A decent, routine manufacturing environment. Competitive pay and benefits, plus solid work-life balance. Benefits are decent, and the work atmosphere is upbeat.
Commented in February 25, 2025
38
1
Safety protocols are in place, though their strictness varies by team. Managers support basic needs but don't offer much mentorship. Schedules are consistent, and shifts are rarely disrupted. The company's lean manufacturing approach eliminates waste and improves quality. Career advancement opportunities are present.
Commented in March 31, 2024
38
1

Toolrite Overview

Website
www.toolrite.com
Founded In
1997
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
16400 W Lincoln Ave New Berlin Wisconsin WI 53151
Revenue
$10 Million - $50 Million
Phone Number
+1 2627827050
Social Media
About Toolrite
Toolrite Manufacturing Company, Inc. is a Wisconsin Corporation, established in May of 1967, by John and Bernhard Schreib. It was first housed at 3014 W. Cawker Place in Milwaukee, moved to 2465 S. 170th Street, New Berlin, in August of 1973 and has been located at 16400 W. Lincoln Avenue, New Berlin since January of 1987. John and Bernhard were both born in Berlin, Germany and came to the United

What Benefits Does Toolrite Offer Beyond Salary?

A competitive compensation package is more than just a salary. Toolrite 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)
Work at Toolrite?
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What Is the Cost of Living Near Milwaukee?

Understanding the cost of living near Milwaukee is key to truly evaluating a salary offer or your current compensation at Toolrite.
Milwaukee's Cost of Living Index is approximately 85.9 (14.1% less expensive than US average; 9.4% less than WI average). Largest WI city, Lake Michigan, affordable housing. MCTS bus, The Hop streetcar (free). When planning your budget based on a salary from Toolrite, 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 Toolrite salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $72 (MCTS monthly pass) 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 $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,292 - $3,582+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Toolrite

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

The typical annual salary range for most roles at Toolrite is approximately from $83,122 to $106,648. 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 Toolrite pay compared to Carbide Die & MFG CO Inc?

The average annual salary at Toolrite is $94,426, or an hourly wage of $45, in comparison to Carbide Die & MFG CO Inc which pays $107,094 per year or $51 per hour.

3. Do salaries differ significantly between departments at Toolrite?

Yes, salaries often differ between departments at Toolrite 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. How does experience level affect salary at Toolrite?

Experience level is a significant factor in determining salary at Toolrite, 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.

5. How can I determine if a salary offer from Toolrite in Milwaukee is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Toolrite?

Several key factors influence salary levels at Toolrite. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Toolrite likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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