As of April 01, 2025, the average annual salary for a Machinist III in Elgin, IL is $66,609. According to Salary.com, salaries can range from a low of $54,302 to a high of $82,536, with most professionals earning between $60,167 and $74,946.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,946 | $6,246 | $1,441 | $36 |
| Average | $66,609 | $5,551 | $1,281 | $32 |
| 25th Percentile | $60,167 | $5,014 | $1,157 | $29 |
An entry-level Machinist III with under 1 year experience makes about $63,725. With less than 2 years of experience, a mid-level Machinist III makes around $64,205. After 2-4 years, the Machinist III pay rises to about $65,455. Those senior Machinist III with 5-8 years of experience earn roughly $67,480, and those Machinist III having 8 years or more experience are expected to earn about $70,342 on average.
| Levels | Salary |
|---|---|
| Entry Level Machinist III | $63,725 |
| Intermediate Level Machinist III | $64,205 |
| Senior Level Machinist III | $65,455 |
| Specialist Level Machinist III | $67,480 |
| Expert Level Machinist III | $70,342 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 0% |
| Top Level | 3% |
| Experienced | 7% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Casting: Casting is a manufacturing process in which a liquid material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. It is used for making complex shapes that would be otherwise difficult.
| Skill | Salary | Demand |
|---|---|---|
|
Process Improvement
|
$72,604 |
9%
|
|
Microsoft Office
|
$71,272 |
7%
|
|
Analysis
|
$71,272 |
7%
|
|
Scheduling
|
$71,272 |
7%
|
|
Leadership
|
$70,606 |
6%
|
|
Lean Manufacturing
|
$69,940 |
5%
|
