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As of August 01, 2026, the average salary for a Tool Maker IV in Iowa is $75,390 per year, which breaks down to an hourly rate of $36.
However, a Tool Maker IV's salary can vary significantly. Here’s a look at the typical salary range:
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Tool Maker IV Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $81,990 | $6,833 | $1,577 | $39 |
| Average | $75,390 | $6,283 | $1,450 | $36 |
| 25th Percentile | $69,590 | $5,799 | $1,338 | $33 |
Magna - Victor, IA
Magna - Victor, IA
Access Dubuque - Dubuque, IA
Precision of New Hampton - New Hampton, IA
A Tool Maker IV's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Tool Maker IV's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Machine Shop Tool & Die Maker II | 1-3 years | $60,223 |
| Machine Shop Tool & Die Maker III | 3-5 years | $67,513 |
| Tool Maker IV | 5-7 years | $75,394 |
| Tool and Die Supervisor I | 7+ years | $79,563 |
| Tool and Die Supervisor II | 7+ years | $85,954 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Tool Maker IVs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Tool Maker IV salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $84,804. While startup companies pay approximate $71,696.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $71,696 |
| Growth Stage | 51~500 | $75,839 |
| Established | 501~5000 | $81,881 |
| Enterprise | 5000+ | $84,804 |
For Tool Maker IV roles, the industry you choose can affect earning potential by as much as 58% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Software & Networking sectors offer the strongest compensation, at 35% above the average. In contrast, Tool Maker positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Tool Maker IV as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $101,776 | $49.0 | 35% |
| Software & Networking | $94,238 | $45.0 | 25% |
| Insurance | $88,960 | $43.0 | 18% |
| Energy & Utilities | $85,945 | $41.0 | 14% |
| Aerospace & Defense | $84,437 | $41.0 | 12% |
Understanding how a Tool Maker IV's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $81,990 | $6,833 | $1,577 | $39 |
| Average | $75,390 | $6,283 | $1,450 | $36 |
| 25th Percentile | $69,590 | $5,799 | $1,338 | $33 |
For a Tool Maker IV, the most direct path to higher earnings is advancing to the Tool and Die Supervisor I role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $79,600 - a projected growth of 6% over your current level.
Ready to take the next step in your career? Browse thousands of current Tool Maker IV job openings on our job board. Use the search bar below to find your perfect match.
Silgan Holdings
Fort Madison, IA
Silgan Holdings | Fort Madison, IA
Machinist. Starting pay is $34.08 per hour. What We Offer You. Starting pay is $34.08 per hour plus on call pay. Consistent wage increases. Quarterly bonus... more
8 Days Ago
Molded Products, Inc
Harlan, IA
Molded Products, Inc | Harlan, IA
Tool Maker Assistant. The Tool Maker Assistant supports Tool Makers in the design, fabrication, and maintenance of tools, dies, and fixtures used in manufa... more
9 Days Ago
Sligan Plastics
Fort Madison, IA
Sligan Plastics | Fort Madison, IA
Sligan Plastics - - Responsibilities: Work with strict manufacturing tolerances to ensure high-quality production performance. Refurbish and repair tools a... more
9 Days Ago
Winnebago Industries
Forest City, IA
Winnebago Industries | Forest City, IA
Tool & Die Maker. The Tool & Die Maker is responsible for the design, fabrication, assembly, maintenance, and repair of precision tooling with an emphasis ... more
8 Days Ago
Magna Services
Montezuma, IA
Magna Services | Montezuma, IA
Tool Room ToolmakerAt Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We ... more
7 Days Ago
Winnebago Industries
Forest City, IA
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