Innovated Machine & Tool Co Inc Salary

Innovated Machine & Tool Co Inc Salary

How much does the Innovated Machine & Tool Co Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Innovated Machine & Tool Co Inc in the United States is $41. This translates to an approximate annual wage of $85,418. Salaries at Innovated Machine & Tool Co Inc typically range from $36 to $46 hourly, reflecting the diverse roles and experience levels within the company. Innovated Machine & Tool Co 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 Innovated Machine & Tool Co Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Innovated Machine & Tool Co 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 Innovated Machine & Tool Co Inc

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

Is Innovated Machine & Tool Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovated Machine & Tool Co 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)
Innovated Machine & Tool Co Inc
MFG Durable
Bevco Engineering
China Wind Systems Inc
Industry Comparison
Our data shows that, on average, compensation at Innovated Machine & Tool Co Inc is below the average for the U.S. MFG Durable industry by approximately 30%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Innovated Machine & Tool Co Inc average annual salary with several similar companies. Innovated Machine & Tool Co Inc average salary of $85,418 is lower than Bevco Engineering, which has an average salary of $89,542. It is lower than China Wind Systems Inc, with their average salary at $108,518. This places Innovated Machine & Tool Co 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.

Companies Similar to Innovated Machine & Tool Co Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Innovated Machine & Tool Co Inc

Considering a career at Innovated Machine & Tool Co 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.
I’ve worked here for years and still learn something new regularly. It feels good to work for an organization that gives back and cares about more than just the bottom line, creating a sense of broader social responsibility. It’s a place where everyone’s role contributes to long-term company success and employee satisfaction. Working here has exceeded all my brings resources that support both inno...
Commented in May 03, 2025
16
1
Employees at this company benefit from a collaborative culture that encourages continuous learning and safety awareness. They also encourage continuous learning, providing resources for us to improve our skills. Career growth opportunities are abundant, with clear paths from production roles to management. Production goals are challenging but fair, and there’s a real focus on hitting quality metri...
Commented in October 04, 2024
47
2
Training programs exist but lack consistency and and it can meet all employee needs. There’s a good rhythm to the work, and team leads are knowledgeable and fair. Scheduling is fair, and production timelines are met. It’s not particularly innovative or fast-paced. Clear processes and helpful training materials.
Commented in March 11, 2024
24
3

Innovated Machine & Tool Co Inc Overview

Website
www.innovatedmachine.com
Founded In
1982
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
250 Picketts Ln Newport News Virginia VA 23602
Revenue
$5 Million - $10 Million
Phone Number
+1 7578872181
Social Media
About Innovated Machine & Tool Co Inc
Innovated Machine & Tool Co., Inc. was began in the late 1970's, and incorporated in 1982 in Gloucester County, Virginia. Our company began as a humble machine shop and tool & die maker. The current owner and CEO, Dwight Bryant, joined Innovated Machine in 1984. Subsequently Innovated moved from our first modest shop into a larger building on Route 17 in Gloucester in 1986. The company continued t

What Benefits Does Innovated Machine & Tool Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovated Machine & Tool Co 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 Newport News?

Understanding the cost of living near Newport News is key to truly evaluating a salary offer or your current compensation at Innovated Machine & Tool Co Inc.
Newport News' Cost of Living Index is approximately 89.8 (10.2% less expensive than US average; 13.7% less than VA average). Hampton Roads city, shipbuilding, affordable. HRT bus. When planning your budget based on a salary from Innovated Machine & Tool Co Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Innovated Machine & Tool Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (HRT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovated Machine & Tool Co Inc

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

The typical salary range for most roles at Innovated Machine & Tool Co Inc is approximately from $36 to $46 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 Innovated Machine & Tool Co Inc pay compared to Bevco Engineering?

The average annual salary at Innovated Machine & Tool Co Inc is $85,418, or an hourly wage of $41, in comparison to Bevco Engineering which pays $89,542 per year or $43 per hour.

3. Do salaries differ significantly between departments at Innovated Machine & Tool Co Inc?

Yes, salaries often differ between departments at Innovated Machine & Tool Co 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 Innovated Machine & Tool Co Inc?

Experience level is a significant factor in determining salary at Innovated Machine & Tool Co 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 Innovated Machine & Tool Co Inc in Newport News is fair given the local cost of living?

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

6. What factors influence salary increases at Innovated Machine & Tool Co Inc?

Salary increases at Innovated Machine & Tool Co Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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