Illinois Machine & Tool Works Salary

Illinois Machine & Tool Works Salary

How much does the Illinois Machine & Tool Works Pay for employees?

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As of August 2026, the average hourly salary for employees at Illinois Machine & Tool Works in the United States is $43. This translates to an approximate annual wage of $89,225. Salaries at Illinois Machine & Tool Works typically range from $38 to $48 hourly, reflecting the diverse roles and experience levels within the company. Illinois Machine & Tool Works’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 Illinois Machine & Tool Works Pay for Different Roles?

Explore detailed salary information for specific jobs at Illinois Machine & Tool Works. 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 Illinois Machine & Tool Works

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

Is Illinois Machine & Tool Works’s Pay Competitive? Salary Benchmarking Analysis

How does Illinois Machine & Tool Works’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
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Average Salary ($/year)
Illinois Machine & Tool Works
MFG Durable
HQ Machine Tech LLC
Micro Mold Polishing Co
Industry Comparison
Our data shows that, on average, compensation at Illinois Machine & Tool Works is below the average for the U.S. MFG Durable industry by approximately 27%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Illinois Machine & Tool Works average annual salary with several similar companies. Illinois Machine & Tool Works average salary of $89,225 is lower than HQ Machine Tech LLC, which has an average salary of $101,229. It is lower than Micro Mold Polishing Co, with their average salary at $92,548. This places Illinois Machine & Tool Works in a developing position among its peers.
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Companies Similar to Illinois Machine & Tool Works and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Illinois Machine & Tool Works. Click a company name to learn more.

Employee Reviews: Working at Illinois Machine & Tool Works

Considering a career at Illinois Machine & Tool Works? 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.
Training programs are thorough and designed to keep staff up to date with industry standards. I’m proud to be part of this team. Regular recognition of achievements motivates employees and fosters loyalty. The benefits are reasonable, and the work is rarely overwhelming. Work conditions are generally stable, with decent safety measures and adequate equipment.
Commented in May 16, 2025
25
2
It’s a place where you can truly build a long-term career and feel secure in your role. There’s a good rhythm to the work, and team leads are knowledgeable and fair. The environment is professional but may lack vibrancy or creativity. Career advancement is possible but may require patience. There are good systems in place for everything from safety to production, making the workflow smooth.
Commented in March 15, 2025
24
1
Management understands that happy employees produce quality work, and it shows in both our working conditions and the products we ship. There are plenty of opportunities for internal growth, and teamwork is strongly encouraged. Employees are encouraged to participate in improvement processes.
Commented in November 24, 2024
39
0
Meetings are brief and functional. Work schedules are predictable, with flexibility when needed. The culture encourages collaboration across departments, creating a friendly and respectful work environment. Recognition programs motivate and reward hard work consistently. A very positive environment for learning and contributing to meaningful work. Workplace environment is professional but occasion...
Commented in June 05, 2024
26
3
Continuous improvement isn't just a slogan here - worker suggestions regularly lead to meaningful enhancements. There’s very little team engagement, and most employees keep to themselves. It helps me stay focused and efficient without feeling overwhelmed or burned out. I've been with this manufacturing company for over five years, and it's been an incredibly rewarding journey. The atmosphere is ne...
Commented in January 07, 2024
44
1

Illinois Machine & Tool Works Overview

Website
www.imtw.com
Founded In
1966
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
1961 Edgewater Dr Pekin Illinois IL 61554
Revenue
$5 Million - $10 Million
Phone Number
+1 3093823045
Social Media
About Illinois Machine & Tool Works
We specialize in medium run quantities of 50 to 1500 per year, and some higher quantities of 10,000 pieces per year. Our CNC intensive manufacturing plant is located in North Pekin , Illinois, and employs about 130 employees in our 45,000 square foot plant. In addition, we have a number of warehouses for secondary operations and to cover shipping requirements. Since 1966 we have specialized in pro

What Benefits Does Illinois Machine & Tool Works Offer Beyond Salary?

A competitive compensation package is more than just a salary. Illinois Machine & Tool Works 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 Peoria?

Understanding the cost of living near Peoria is key to truly evaluating a salary offer or your current compensation at Illinois Machine & Tool Works.
Peoria's Cost of Living Index is approximately 78.2 (21.8% less expensive than US average; 16.6% less than IL average). Central IL city, very affordable housing. CityLink. When planning your budget based on a salary from Illinois Machine & Tool Works, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Illinois Machine & Tool Works salary. Location choices impact this heavily.
Utilities (Basic) $160 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (CityLink monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,960 - $3,170+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Illinois Machine & Tool Works

1. How much does Illinois Machine & Tool Works in the United States pay?

Illinois Machine & Tool Works pays its employees an average of $43 per hour. The average salary at Illinois Machine & Tool Works range from $38 to $48 per hour. 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. Do Illinois Machine & Tool Works employees get a higher salary than its peer company?

The salary at Illinois Machine & Tool Works is lesser than its peer company. The average annual salary at Illinois Machine & Tool Works is $89,225, or an hourly wage of $43, in comparison to HQ Machine Tech LLC which pays $101,229 per year or $49 per hour.

3. What are the highest paying jobs at Illinois Machine & Tool Works?

The higher-paying job at Illinois Machine & Tool Works, according to our data, include Chief Financial Officer (avg. $173 per hour), Executive Assistant (avg. $34 per hour), and Purchasing Analyst (avg. $26 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Illinois Machine & Tool Works?

Salary progression with years of experience at Illinois Machine & Tool Works is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Illinois Machine & Tool Works vary by office location?

Yes, it's very likely that salaries at Illinois Machine & Tool Works vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Peoria section provides more context.

6. Does Illinois Machine & Tool Works offer good benefits?

Illinois Machine & Tool Works typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Illinois Machine & Tool Works" section on this page.

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