As of August 01, 2026, the average salary for a Tool Maker IV in Rhode Island is $81,690 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:
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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 | $65,245 |
| Machine Shop Tool & Die Maker III | 3-5 years | $73,143 |
| Tool Maker IV | 5-7 years | $81,681 |
| Tool and Die Supervisor I | 7+ years | $86,197 |
| Tool and Die Supervisor II | 7+ years | $93,121 |
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:
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 $91,891. While startup companies pay approximate $77,688.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $77,688 |
| Growth Stage | 51~500 | $82,176 |
| Established | 501~5000 | $88,724 |
| Enterprise | 5000+ | $91,891 |
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 | $110,282 | $53.0 | 35% |
| Software & Networking | $102,112 | $49.0 | 25% |
| Insurance | $96,394 | $46.0 | 18% |
| Energy & Utilities | $93,127 | $45.0 | 14% |
| Aerospace & Defense | $91,493 | $44.0 | 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.
Last Updated on August 01, 2026For 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 $86,200 - 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.
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