Lake Precision Salary

Lake Precision Salary

How Much Does Lake Precision Pay for employees?

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As of August 2026, the average monthly salary for employees at Lake Precision in the United States is $6,182. This translates to an approximate annual wage of $74,185. Salaries at Lake Precision typically range from $5,436 to $7,015 monthly, reflecting the diverse roles and experience levels within the company. Lake Precision’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 Lake Precision Pay for Different Roles?

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.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Digital Marketing & Content Specialist

$114,029 / year

Salary Range: $101,095 - $128,388

Digital Marketing

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Lake Precision.
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About Lake Precision: Company Profile

Website
www.lakelandprecision.com
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Location
CONNEAUT LAKE
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Lake Precision's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
You’re encouraged to ask questions and take initiative. Supervisors are approachable, and new ideas are always welcomed during team meetings or project updates. Career advancement opportunities are encouraged and supported. Upper management is rarely visible. Shift work can lead to fatigue due to varying schedules.
Commented in February 18, 2025
31
3
It’s more than a job—it’s a supportive environment that helps you thrive professionally. Management listens to feedback. A well-run company where professionalism and teamwork drive performance every day. They don't cut corners on necessary equipment or technology. I like the structured routine. If you like a quiet, professional environment without a lot of chatter, this place works. The environmen...
Commented in June 06, 2024
28
1
There's immense pride in seeing our products in the market and knowing the collective effort that went into their creation. Processes are clearly laid out, and there’s rarely any confusion about responsibilities. Shift schedules are predictable, though sometimes repetitive.
Commented in January 15, 2024
9
3

How Lake Precision's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Lake Precision’s pay competitiveness. Click on a company for a deeper dive.

Is Lake Precision’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Precision’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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120k
90k
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0
Average Salary ($/year)
Lake Precision
MFG Durable
LV VENTURES, INC.
LAKELAND PRECISION TOOL
Industry Comparison
Our data shows that, on average, compensation at Lake Precision is below the average for the U.S. MFG Durable industry by approximately 39%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lake Precision average annual salary with several similar companies. Lake Precision average salary of $74,185 is lower than LV VENTURES, INC., which has an average salary of $84,462. It is lower than LAKELAND PRECISION TOOL, with their average salary at $74,704. This places Lake Precision 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.

What Is the Cost of Living Near Erie?

Understanding the cost of living near Erie is key to truly evaluating a salary offer or your current compensation at Lake Precision.
Erie's Cost of Living Index is approximately 79.2 (20.8% less expensive than US average; 18.4% less than PA average). Lake Erie city, very affordable housing. EMTA bus. When planning your budget based on a salary from Lake Precision, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,100+ A significant portion of Lake Precision salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $42 (EMTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 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) $1,982 - $3,162+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Lake Precision

FAQ 1: What is the estimated average total compensation at Lake Precision?
Salary.com estimates that the average total compensation package at Lake Precision, which can include base salary, potential bonuses, and benefits, is around $74,185 annually . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Lake Precision pay compared to LV VENTURES, INC.?
The average annual salary at Lake Precision is $74,185, or an hourly wage of $36, in comparison to LV VENTURES, INC. which pays $84,462 per year or $41 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Lake Precision?
Salary progression from an entry-level to a senior role at Lake Precision can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
FAQ 4: How can I determine if a salary offer from Lake Precision in Erie is fair given the local cost of living?
To determine if a salary offer from Lake Precision in Erie is fair, first compare the gross salary to our data for similar roles at Lake Precision and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Erie" to understand its purchasing power.
FAQ 5: Are promotions at Lake Precision usually accompanied by a significant salary increase?
Yes, promotions at Lake Precision are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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