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Lancaster Machine and Tool Inc Salary

Lancaster Machine and Tool Inc Salary

How much does the Lancaster Machine and Tool Inc Pay for employees?

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As of September 2026, the average annual salary for employees at Lancaster Machine and Tool Inc in the United States is $83,814. This translates to an approximate hourly wage of $40. Salaries at Lancaster Machine and Tool Inc typically range from $73,821 to $94,576 annually, reflecting the diverse roles and experience levels within the company. Lancaster Machine and 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 Lancaster Machine and Tool Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lancaster Machine and 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 Lancaster Machine and Tool Inc

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

Is Lancaster Machine and Tool Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lancaster Machine and Tool 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)
Lancaster Machine and Tool Inc
MFG Durable
TIMAB Magnesium
Beardsworth Group Inc
Industry Comparison
Our data shows that, on average, compensation at Lancaster Machine and Tool Inc is below the average for the U.S. MFG Durable industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lancaster Machine and Tool Inc average annual salary with several similar companies. Lancaster Machine and Tool Inc average salary of $83,814 is lower than TIMAB Magnesium, which has an average salary of $87,791. It is lower than Beardsworth Group Inc, with their average salary at $94,647. This places Lancaster Machine and Tool 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.

How Lancaster Machine and Tool Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Lancaster Machine and Tool Inc

Considering a career at Lancaster Machine and 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.
Employees demonstrate great attention to detail and care. It’s a company where people are appreciated and given room to grow. Production quotas are challenging but achievable thanks to smart process engineering. It’s rare to find such a structured yet flexible environment.
Commented in February 13, 2025
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Work can be repetitive depending on department. I started with little experience, but the training program helped me develop useful skills. Everyone knows their role clearly. Employee ideas are actually implemented. Workload varies, sometimes causing stress. It's motivating to work for an organization that truly values its people. Our manufacturing processes are constantly reviewed and refined to ...
Commented in January 27, 2025
21
1
This resilience is a testament to the strong culture and teamwork cultivated within the company. It makes coming to work enjoyable and productive. The environment is fast-paced but manageable. They offer competitive wages and a strong benefits package, demonstrating their investment in the workforce.
Commented in December 16, 2024
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Lancaster Machine and Tool Inc Overview

Website
www.lmandt.com
Founded In
1995
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
1900 Industrial Park Rd Lancaster Wisconsin WI 53813
Revenue
$5 Million - $10 Million
Phone Number
+1 6087237467
Social Media
About Lancaster Machine and Tool Inc
Lancaster Machine & Tool's experienced design and test team, commitment to quality, technology, and service ensure a worry-free design and engineering experience. We offer a full suite of design, redesign, and testing services to meet your critical project requirements. And, with approvals and certifications worldwide, we make sure all products manufactured are in compliance with local and interna

What Benefits Does Lancaster Machine and Tool Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lancaster Machine and 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 Madison?

Understanding the cost of living near Madison is key to truly evaluating a salary offer or your current compensation at Lancaster Machine and Tool Inc.
Madison's Cost of Living Index is approximately 100.8 (0.8% more expensive than US average; 6.3% more than WI average). State capital (Univ. of WI), desirable, housing costs near US avg. Metro Transit. When planning your budget based on a salary from Lancaster Machine and Tool Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,700+ A significant portion of Lancaster Machine and Tool Inc salary. Location choices impact this heavily.
Utilities (Basic) $120 - $210 Electricity, Heating, Cooling, Water etc.
Public Transportation $65 (Metro monthly pass, free for UW) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,575 - $3,945+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lancaster Machine and Tool Inc

1. How much does a Lancaster Machine and Tool Inc employee make?

Lancaster Machine and Tool Inc pays its employees an average of $83,814 per year. The average salary at Lancaster Machine and Tool Inc range from $73,821 to $94,576 per year. 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. Which similar company tend to pay more or less than Lancaster Machine and Tool Inc?

The salary at Lancaster Machine and Tool Inc is lesser than the similar company. The average annual salary at Lancaster Machine and Tool Inc is $83,814, or an hourly wage of $40, in comparison to TIMAB Magnesium which pays $87,791 per year or $42 per hour.

3. How much does a Mechanical Engineer typically earn at Lancaster Machine and Tool Inc?

A Mechanical Engineer at Lancaster Machine and Tool Inc typically earns an average annual base salary of around $86,868, with a general range of $80,498 to $93,266.

4. Do employees with advanced degrees (Master's, PhD) earn more at Lancaster Machine and Tool Inc?

In many roles at Lancaster Machine and Tool Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Madison affect the perceived value of a Lancaster Machine and Tool Inc salary?

Madison's Cost of Living Index is approximately 100.8 (0.8% more expensive than US average; 6.3% more than WI average). This significantly impacts the purchasing power of a salary from Lancaster Machine and Tool Inc based there. Our "Cost of Living Insights for Madison" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Lancaster Machine and Tool Inc typically offer employees?

Lancaster Machine and Tool Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Lancaster Machine and Tool Inc" section on this page.

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