Industrial Tool Inc Salary

Industrial Tool Inc Salary

How much does the Industrial Tool Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Industrial Tool Inc in the United States is $47. This translates to an approximate annual wage of $97,042. Salaries at Industrial Tool Inc typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company. Industrial Tool 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 Industrial Tool Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Industrial Tool 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.
How accurate does the salary look to you?

Current Job Openings at Industrial Tool Inc

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

Is Industrial Tool Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Industrial Tool Inc’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
0
Average Salary ($/year)
Industrial Tool Inc
MFG Durable
Rane Bathing Systems
Ultra Precision Inc
Industry Comparison
Our data shows that, on average, compensation at Industrial Tool Inc is below the average for the U.S. MFG Durable industry by approximately 20%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Industrial Tool Inc average annual salary with several similar companies. Industrial Tool Inc average salary of $97,042 is higher than Rane Bathing Systems, which has an average salary of $79,912. It is higher than Ultra Precision Inc, with their average salary at $88,086. This places Industrial Tool Inc in a competitive 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.

Companies Similar to Industrial Tool Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Industrial Tool Inc

Considering a career at Industrial Tool 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.
Consistent performance, high-quality standards, and excellent team coordination make this company stand out. Emphasis on quality drives pride in the final product. Safety measures exist but enforcement can be variable. The job is straightforward, with predictable routines.
Commented in March 29, 2025
34
2
The HR team is responsive and helpful. The facilities are modern, and everything is organized for efficiency. Some repetitive tasks may feel monotonous over time. I appreciate the regular town halls where leadership shares updates and listens to concerns. I feel fortunate to be part of this manufacturing team. This blend of respecting seasoned knowledge and embracing fresh perspectives creates a d...
Commented in December 20, 2024
38
0
Processes are maintained, but innovation is limited. The hours are predictable, and the pay is fair for the work. The job becomes repetitive over time, but management stays out of the way if targets are met. The company offers reliable employment with standard benefits, but communication and collaboration between departments can be uneven.
Commented in October 25, 2024
14
0
This level of engagement from the top makes a big difference in morale and problem-solving, fostering a collaborative spirit across all levels. Communication between shifts could be better. The focus on safety here is second to none. This company truly values its people. It’s a stable and enjoyable place to work.
Commented in January 18, 2024
34
0

Industrial Tool Inc Overview

Website
www.industrial-tool.com
Founded In
1974
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
9210 52nd Ave N Minneapolis Minnesota MN 55428
Revenue
$5 Million - $10 Million
Phone Number
+1 7635337244
Social Media
About Industrial Tool Inc
Industrial Tool Inc is a leader in designing and building robotic automation systems, workholding fixtures, turnkey applications, custom machining centers.

What Benefits Does Industrial Tool Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Industrial Tool 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 Industrial Tool 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 Industrial Tool 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 Industrial Tool 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 Industrial Tool Inc

1. What is the typical salary range (low to high) for most roles at Industrial Tool Inc?

The typical salary range for most roles at Industrial Tool Inc is approximately from $41 to $53 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. How much does Industrial Tool Inc pay compared to Rane Bathing Systems?

The average annual salary at Industrial Tool Inc is $97,042, or an hourly wage of $47, in comparison to Rane Bathing Systems which pays $79,912 per year or $38 per hour.

3. Do salaries differ significantly between departments at Industrial Tool Inc?

Yes, salaries often differ between departments at Industrial Tool Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Industrial Tool Inc?

Experience level is a significant factor in determining salary at Industrial Tool Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Industrial Tool Inc in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Industrial Tool Inc in Minneapolis is fair, first compare the gross salary to our data for similar roles at Industrial Tool Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.

6. Are the salaries listed for Industrial Tool Inc on Salary.com pre-tax or after-tax?

All salary figures displayed for Industrial Tool Inc, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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