Diamond Tool & Engineering Inc Salary

How much does the Diamond Tool & Engineering Inc Pay for employees?

As of May 2026, the average annual salary for employees at Diamond Tool & Engineering Inc in the United States is $83,266. This translates to an approximate hourly wage of $40. Salaries at Diamond Tool & Engineering Inc typically range from $73,336 to $93,954 annually, reflecting the diverse roles and experience levels within the company. Diamond Tool & Engineering Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Diamond Tool & Engineering Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Diamond Tool & Engineering Inc. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Diamond Tool & Engineering Inc

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

Is Diamond Tool & Engineering Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Diamond Tool & Engineering Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Diamond Tool & Engineering Inc
MFG Durable
Minnesota Millwork & Fixtures
Bergvik North America Inc
Industry Comparison
Our data shows that, on average, compensation at Diamond Tool & Engineering Inc is below the average for the U.S. MFG Durable industry by approximately 32%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Diamond Tool & Engineering Inc average annual salary with several similar companies. Diamond Tool & Engineering Inc average salary of $83,266 is lower than Minnesota Millwork & Fixtures, which has an average salary of $93,972. It is lower than Bergvik North America Inc, with their average salary at $94,341. This places Diamond Tool & Engineering Inc in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

Employee Reviews: Working at Diamond Tool & Engineering Inc

Considering a career at Diamond Tool & Engineering Inc? 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.
Promotion paths are available but competitive. The combination of skilled colleagues and visionary leadership creates an environment where quality and efficiency thrive. Friendly environment with respectful and helpful coworkers. Colleagues are supportive, and management is always willing to listen to concerns and ideas. This manufacturing firm provides stable employment and reasonable benefits.
Working here has exceeded all my brings resources that support both innovation and job security. Some groups collaborate well, others tend to work more independently with minimal communication. The company promotes from within and supports career growth. The company promotes a culture where employee safety and professional development are priorities. Training varies by team and shift. The leadersh...
Training exists but is often generic. I'm continually impressed by the strong sense of teamwork and camaraderie at this manufacturing plant. Workload varies, sometimes causing stress.

Diamond Tool & Engineering Inc Overview

Website
www.diamondtande.com
Founded In
1989
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
205 2nd Ave NW Bertha Minnesota MN 56437
Revenue
$5 Million - $10 Million
Phone Number
+1 2189244024
Social Media
About Diamond Tool & Engineering Inc
Diamond Tool & Engineering was established in 1989 to design and build plastic injection molds. We specialize in intricate, close-tolerance tooling for the medical, electronic, and automotive industries.

What Benefits Does Diamond Tool & Engineering Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Diamond Tool & Engineering Inc 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)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Diamond Tool & Engineering Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Diamond Tool & Engineering Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Diamond Tool & Engineering Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Diamond Tool & Engineering Inc

1. How much does a Diamond Tool & Engineering Inc employee make?

Diamond Tool & Engineering Inc pays its employees an average of $83,266 per year. The average salary at Diamond Tool & Engineering Inc range from $73,336 to $93,954 per year. 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. Which similar company tend to pay more or less than Diamond Tool & Engineering Inc?

The salary at Diamond Tool & Engineering Inc is lesser than the similar company. The average annual salary at Diamond Tool & Engineering Inc is $83,266, or an hourly wage of $40, in comparison to Minnesota Millwork & Fixtures which pays $93,972 per year or $45 per hour.

3. How much does a President typically earn at Diamond Tool & Engineering Inc?

A President at Diamond Tool & Engineering Inc typically earns an average annual base salary of around $644,551, with a general range of $493,916 to $810,605.

4. Do employees with advanced degrees (Master's, PhD) earn more at Diamond Tool & Engineering Inc?

In many roles at Diamond Tool & Engineering Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Diamond Tool & Engineering Inc salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Diamond Tool & Engineering Inc based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Diamond Tool & Engineering Inc typically offer employees?

Diamond Tool & Engineering Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Diamond Tool & Engineering Inc" section on this page.