Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a Tool Maker IV in Minnesota is $80,690 per year, which breaks down to an hourly rate of $39.
However, a Tool Maker IV's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
AI Onboarding
Recruit with AI
Tool Maker IV Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $87,690 | $7,308 | $1,686 | $42 |
| Average | $80,690 | $6,724 | $1,552 | $39 |
| 25th Percentile | $74,390 | $6,199 | $1,431 | $36 |
General Equipment - Owatonna, MN
Resonetics - Hutchinson, MN
Platinum Staffing Group - Owatonna, MN
Atlas Staffing Inc. - Minneapolis, MN
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 | $64,395 |
| Machine Shop Tool & Die Maker III | 3-5 years | $72,191 |
| Tool Maker IV | 5-7 years | $80,618 |
| Tool and Die Supervisor I | 7+ years | $85,075 |
| Tool and Die Supervisor II | 7+ years | $91,909 |
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 $90,766. While startup companies pay approximate $76,737.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $76,737 |
| Growth Stage | 51~500 | $81,170 |
| Established | 501~5000 | $87,638 |
| Enterprise | 5000+ | $90,766 |
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 | $108,932 | $52.0 | 35% |
| Software & Networking | $100,862 | $48.0 | 25% |
| Insurance | $95,214 | $46.0 | 18% |
| Energy & Utilities | $91,987 | $44.0 | 14% |
| Aerospace & Defense | $90,373 | $43.0 | 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 | $87,690 | $7,308 | $1,686 | $42 |
| Average | $80,690 | $6,724 | $1,552 | $39 |
| 25th Percentile | $74,390 | $6,199 | $1,431 | $36 |
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 $85,100 - a projected growth of 5% 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.
Modern Molding Inc.
Delano, MN
Modern Molding Inc. | Delano, MN
Job Description. Job Description. Modern Molding is seeking an experienced Toolmaker and Tooling Machinist to join our growing team. This full-time positio... more
9 Days Ago
PlasmanPrecisionParts LLC
Hopkins, MN
PlasmanPrecisionParts LLC | Hopkins, MN
We're looking for a Toolmaker/Moldmaker who is ready to take on the next challenge and make a real impact while becoming a strong team member within our gr... more
7 Days Ago
Phillips and Temro
Eden Prairie, MN
Phillips and Temro | Eden Prairie, MN
ESSENTIAL DUTIES AND RESPONSIBIITIES:Studies blueprints, sketches, models, and specifications to produce fabricating molds, tools, dies, jigs, fixtures and... more
7 Days Ago
BTD Manufacturing
Lakeville, MN
BTD Manufacturing | Lakeville, MN
Job Title. Safety is #1 at BTD: Our expectation is that every employee: 1) Strictly follows safety policies, rules and safe work methods. 2) Promptly corre... more
7 Days Ago
MDS Staffing
South Saint Paul, MN
MDS Staffing | South Saint Paul, MN
Tool And Die Maker. Understand the tool building processes from specifications such as noted in blueprints, sketches, models, or descriptions, and visualiz... more
7 Days Ago
Harvey Vogel Manufacturing
Saint Paul, MN
Harvey Vogel Manufacturing | Saint Paul, MN
Job Description. Job Description. Harvey Vogel Manufacturing Co., a leader in metal stampings has immediate openings for experienced Tool & Die Makers on o... more
7 Days Ago
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com's CompAnalyst platform offers:
