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 annual salary for employees at Illinois Machine & Tool Works in the United States is $89,225. This translates to an approximate hourly wage of $43. Salaries at Illinois Machine & Tool Works typically range from $78,568 to $100,709 annually, 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 annual 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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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.

How Illinois Machine & Tool Works's Salaries Compare to Similar Companies?

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. What is the typical salary range (low to high) for most roles at Illinois Machine & Tool Works?

The typical annual salary range for most roles at Illinois Machine & Tool Works is approximately from $78,568 to $100,709. 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 Illinois Machine & Tool Works pay compared to HQ Machine Tech LLC?

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. Do salaries differ significantly between departments at Illinois Machine & Tool Works?

Yes, salaries often differ between departments at Illinois Machine & Tool Works 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 Illinois Machine & Tool Works?

Experience level is a significant factor in determining salary at Illinois Machine & Tool Works, 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 Illinois Machine & Tool Works in Peoria is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Illinois Machine & Tool Works?

Several key factors influence salary levels at Illinois Machine & Tool Works. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Illinois Machine & Tool Works likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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