Towne Machine Tool Co Salary

Towne Machine Tool Co Salary

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As of July 2026, the average annual salary for employees at Towne Machine Tool Co in the United States is $82,591. This translates to an approximate hourly wage of $40. Salaries at Towne Machine Tool Co typically range from $72,740 to $93,198 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Towne Machine Tool Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Towne Machine Tool Co. Based on our data, the highest paying job is the Manager, Business, with an annual salary of $103,553. 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 Towne Machine Tool Co

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

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

How does Towne 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
Americo Machining and Fabrication $87,126
+5.5%
Reflects structural premiums typical of Americo Machining and Fabrication's large-cap national operations.
Remarc Manufacturing Inc $89,247
+8.1%
Driven by niche technical certifications required for Remarc Manufacturing Inc's specialized projects.
H&e Machined Specialties Inc $82,222
-0.4%
Confirms H&e Machined Specialties Inc is a direct competitor vying for the exact same talent pool.
American Turn-Key Fabricators $93,940
+13.7%
Supported by American Turn-Key Fabricators's high-margin contracts allowing higher overhead.
MFG Durable Industry $121,746
+47.4%
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.

How Towne 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 Towne Machine Tool Co. Click a company name to learn more.

Employee Reviews: Working at Towne Machine Tool Co

Considering a career at Towne 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.
Work conditions are generally stable, with decent safety measures and adequate equipment. The facilities are impressively maintained, creating a professional work environment. A reliable employer that takes employee development and satisfaction seriously every step. Employees demonstrate great attention to detail and care. The communication channels are open, and employee feedback is genuinely enc...
Commented in March 24, 2025
10
3
Whether you're in production, maintenance, or logistics, there’s room to grow and innovate. Overall, a reliable workplace with few surprises but limited excitement or advancement. This manufacturing company is committed to employee safety and professional growth. Equipment functions well most of the time. Upper management makes regular rounds and values visibility. This company provides a consiste...
Commented in February 01, 2025
40
0
In an ever-changing industry, they've consistently shown strength and a forward-thinking approach. The work environment is professional but can feel bureaucratic and inflexible. This flexibility has allowed me to grow and stay engaged with my work every day.
Commented in December 13, 2024
44
2

Towne Machine Tool Co Overview

Website
www.townemachinetool.com
Founded In
1954
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
1009 Lynch Rd Danville Illinois IL 61834
Revenue
<$5 Million
Phone Number
+1 2174424910
Social Media
About Towne Machine Tool Co
Towne Machine Tool Company was formed by brothers George Towne and Lewis Towne in 1947. The company was founded as a family owned and operated business. The focus was, and still is, on the employment of qualified and capable people with dedication to quality craftsmanship, efficiency, and customer service. The current President and CEO, Scott Towne, is the grandson of Lewis Towne. He maintains the

What Benefits Does Towne Machine Tool Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Towne 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)
Work at Towne Machine Tool Co?
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Towne Machine Tool Co.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Towne Machine Tool Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Towne Machine Tool Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Towne Machine Tool Co

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

The typical annual salary range for most roles at Towne Machine Tool Co is approximately from $72,740 to $93,198. 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 Towne Machine Tool Co pay compared to Americo Machining and Fabrication?

The average annual salary at Towne Machine Tool Co is $82,591, or an hourly wage of $40, in comparison to Americo Machining and Fabrication which pays $87,126 per year or $42 per hour.

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

Yes, salaries often differ between departments at Towne 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. How does experience level affect salary at Towne Machine Tool Co?

Experience level is a significant factor in determining salary at Towne Machine Tool Co, 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 Towne Machine Tool Co in Chicago is fair given the local cost of living?

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

6. Are the salaries listed for Towne Machine Tool Co on Salary.com pre-tax or after-tax?

All salary figures displayed for Towne Machine Tool Co, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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