Lancetools Salary

How Much Does Lancetools Pay for employees?

As of July 2026, the average annual salary for employees at Lancetools in the United States is $77,988. This translates to an approximate hourly wage of $37. Salaries at Lancetools typically range from $68,585 to $88,499 annually, reflecting the diverse roles and experience levels within the company. Lancetools’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 Lancetools 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 Lancetools.
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About Lancetools: Company Profile

Website
www.lancetools.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
MADISON HEIGHTS
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About LANCETOOLS
Lance Industries is a design company based out of 4326 Delemere Blvd, Royal Oak, Michigan, United States.

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Lancetools's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Management is approachable and responsive, creating an environment where you feel heard and respected, which is very important. They support local initiatives and encourage employees to get involved. Their visionary guidance, strategic insight, and genuine enthusiasm are a true inspiration to all of us. Safety standards are good but could improve further. Communication from upper management is tra...
If you value routine and simplicity, you’ll be comfortable here. Employees receive solid benefits and enjoy job security but sometimes experience limited communication from management. They also provide great benefits and flexibility for work-life balance. The workplace is functional and it is somehow particularly forward-thinking. The combination of skilled colleagues and visionary leadership cre...
Everyone is willing to lend a hand, and there's a strong sense of camaraderie. The culture is professional but may feel rigid and hierarchical. Things run smoothly, but new ideas are often to implement. The organization values innovation and continuous process improvement, encouraging employees to contribute ideas.
We’ve seen steady improvements in every area. Management is fair and consistent in their decisions. I’ve always known what’s expected of me, and help is readily available.
The facilities are well-maintained, and safety is always the top priority. If you’re okay with standing and lifting, it’s a reasonable workplace. You’re encouraged to ask questions and take initiative.

Is Lancetools’s Pay Competitive? Salary Benchmarking Analysis

How does Lancetools’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
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Average Salary ($/year)
Lancetools
MFG Durable
LOU-JAN TOOL & DIE
LUNAR INDUSTRIES
Industry Comparison
Our data shows that, on average, compensation at Lancetools is below the average for the U.S. MFG Durable industry by approximately 36%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lancetools average annual salary with several similar companies. Lancetools average salary of $77,988 is lower than LOU-JAN TOOL & DIE, which has an average salary of $83,013. It is higher than LUNAR INDUSTRIES, with their average salary at $77,708. This places Lancetools 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.

What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Lancetools.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Lancetools, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Lancetools salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Lancetools

FAQ 1: How much does a Lancetools employee make?
Lancetools pays its employees an average of $77,988 per year. The average salary at Lancetools range from $68,585 to $88,499 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.
FAQ 2: Which similar company tend to pay more or less than Lancetools?
The salary at Lancetools is lesser than the similar company. The average annual salary at Lancetools is $77,988, or an hourly wage of $37, in comparison to LOU-JAN TOOL & DIE which pays $83,013 per year or $40 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Lancetools?
In many roles at Lancetools, 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.
FAQ 4: How does the cost of living near Detroit affect the perceived value of a Lancetools salary?
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). This significantly impacts the purchasing power of a salary from Lancetools based there. Our "Cost of Living Insights for Detroit" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Lancetools typically offer employees?
Lancetools 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 Lancetools" section on this page.