Lakeland Tool and Engineering Inc Salary

How much does the Lakeland Tool and Engineering Inc Pay for employees?

As of August 2026, the average annual salary for employees at Lakeland Tool and Engineering Inc in the United States is $93,128. This translates to an approximate hourly wage of $45. Salaries at Lakeland Tool and Engineering Inc typically range from $82,023 to $105,087 annually, reflecting the diverse roles and experience levels within the company. Lakeland Tool and Engineering 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 Lakeland Tool and Engineering Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lakeland Tool and Engineering 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.
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Current Job Openings at Lakeland Tool and Engineering Inc

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

Is Lakeland Tool and Engineering Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lakeland Tool and Engineering Inc’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
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Average Salary ($/year)
Lakeland Tool and Engineering Inc
MFG Durable
Plasticom Inc
BOLDR Supply Co
Industry Comparison
Our data shows that, on average, compensation at Lakeland Tool and Engineering Inc is below the average for the U.S. MFG Durable industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lakeland Tool and Engineering Inc average annual salary with several similar companies. Lakeland Tool and Engineering Inc average salary of $93,128 is higher than Plasticom Inc, which has an average salary of $76,758. It is lower than BOLDR Supply Co, with their average salary at $114,108. This places Lakeland Tool and Engineering Inc in a mid-range 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.

Employee Reviews: Working at Lakeland Tool and Engineering Inc

Considering a career at Lakeland Tool and Engineering 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.
It’s a company where people are appreciated and given room to grow. Career growth opportunities are abundant, with clear paths from production roles to management. This friendly atmosphere contributes significantly to overall job satisfaction and a positive team dynamic. The training programs helped me upskill quickly, and leadership recognizes hard work through regular incentives. Coworkers are h...
Training is adequate and it is somehow comprehensive. Training was adequate, and the tools needed are available. Resources for our work are industry-leading, from tools to safety equipment. Management provides clear performance metrics so everyone understands their contribution to overall success. Communication between shifts could be improved. This manufacturing company stands out for its progres...
Excellent leadership, great communication, and a real focus on quality and safety. Recognition programs celebrate employee achievements regularly. I feel like my skills are respected and used meaningfully.

Lakeland Tool and Engineering Inc Overview

Website
www.lakelandtool.com
Founded In
1973
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
2939 6th Ave Anoka Minnesota MN 55303
Revenue
$5 Million - $10 Million
Phone Number
+1 7634228866
Social Media
About Lakeland Tool and Engineering Inc
Lakeland Tool & Engineering, Inc. (LTE) is a full-service custom precision thermoplastic and thermoset mold builder and molder for the worldwide market. For over 44 years, product design engineers have relied on the excellent service and quality molding capabilities of LTE. With the emphasis on customer needs, we work with product designers throughout product development to ensure the best in prod

What Benefits Does Lakeland Tool and Engineering Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lakeland Tool and Engineering 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 Lakeland Tool and Engineering 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 Lakeland Tool and Engineering 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 Lakeland Tool and Engineering 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 Lakeland Tool and Engineering Inc

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

The typical annual salary range for most roles at Lakeland Tool and Engineering Inc is approximately from $82,023 to $105,087. 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 Lakeland Tool and Engineering Inc pay compared to Plasticom Inc?

The average annual salary at Lakeland Tool and Engineering Inc is $93,128, or an hourly wage of $45, in comparison to Plasticom Inc which pays $76,758 per year or $37 per hour.

3. Do salaries differ significantly between departments at Lakeland Tool and Engineering Inc?

Yes, salaries often differ between departments at Lakeland Tool and Engineering 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 Lakeland Tool and Engineering Inc?

Experience level is a significant factor in determining salary at Lakeland Tool and Engineering 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 Lakeland Tool and Engineering Inc in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Lakeland Tool and Engineering Inc in Minneapolis is fair, first compare the gross salary to our data for similar roles at Lakeland Tool and Engineering 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. What are the key factors that influence salary levels at Lakeland Tool and Engineering Inc?

Several key factors influence salary levels at Lakeland Tool and Engineering Inc. 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: Lakeland Tool and Engineering Inc 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.