Palmac Tool Company Inc Salary

Palmac Tool Company Inc Salary

How much does the Palmac Tool Company Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Palmac Tool Company Inc in the United States is $96,556. This translates to an approximate hourly wage of $46. Salaries at Palmac Tool Company Inc typically range from $85,047 to $108,965 annually, reflecting the diverse roles and experience levels within the company. Palmac Tool Company 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 Palmac Tool Company Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Palmac Tool Company 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 Palmac Tool Company Inc

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

Is Palmac Tool Company Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Palmac Tool Company 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
180k
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Average Salary ($/year)
Palmac Tool Company Inc
MFG Durable
Signs Etcetera Inc
Blastwave Inc
Industry Comparison
Our data shows that, on average, compensation at Palmac Tool Company Inc is below the average for the U.S. MFG Durable industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Palmac Tool Company Inc average annual salary with several similar companies. Palmac Tool Company Inc average salary of $96,556 is higher than Signs Etcetera Inc, which has an average salary of $77,106. It is lower than Blastwave Inc, with their average salary at $110,638. This places Palmac Tool Company 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.

How Palmac Tool Company Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Palmac Tool Company Inc

Considering a career at Palmac Tool Company 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.
The facilities are clean, well-organized and equipped with advanced automation. I enjoy the camaraderie on the production line. Supervisors are polite but rarely offer praise. At this company, employees experience a supportive workplace with a clear focus on safety and quality standards.
Commented in February 20, 2025
8
3
This company has a clear vision for the future and effectively communicates it to the employees. It's more than just a job; it's a place to build a future. The pace can be repetitive depending on your station. Workload fluctuations can lead to stressful periods, especially during production peaks. The manufacturing environment is fast-paced but supportive. Safety protocols are prioritized and well...
Commented in July 26, 2024
23
3
It's a strong, dependable place to work in the manufacturing field. Lots of standing during shifts. Modern equipment and technology improve efficiency daily. The sheer diversity of manufacturing processes and products at keeps every day interesting. One of the best places I’ve worked in manufacturing.
Commented in May 13, 2024
47
3

Palmac Tool Company Inc Overview

Website
www.palmac.net
Founded In
1995
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
10 Kidder Rd Chelmsford Massachusetts MA 01824
Revenue
<$5 Million
Phone Number
+1 9784550672
Social Media
About Palmac Tool Company Inc
Palmac Tool Company is a wholly owned subsidiary of Blackstone Global, Inc. We are headquartered in Chelmsford, MA, and have been in business since 1995 as a Value Added Reseller (V.A.R.) of tools and capital equipment used in electronics, medical devices, manufacturing, assembly/ production and many more. The name Palmac is an acronym for the two founders' last names, Palmer and Macintyre. After

What Benefits Does Palmac Tool Company Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Palmac Tool Company 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 Lowell?

Understanding the cost of living near Lowell is key to truly evaluating a salary offer or your current compensation at Palmac Tool Company Inc.
Lowell's Cost of Living Index is approximately 115.8 (15.8% more expensive than US average; 12.7% less than MA average). Merrimack Valley city, historic mills, housing more affordable than Boston. LRTA bus, Commuter Rail. When planning your budget based on a salary from Palmac Tool Company Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,300+ A significant portion of Palmac Tool Company Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (LRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,070 - $4,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Palmac Tool Company Inc

1. What is the average salary for employees at Palmac Tool Company Inc?

The average annual total compensation for employees at Palmac Tool Company Inc is approximately $96,556. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,047 to $108,965, depending on factors like job role, experience, and location.

2. How much does Palmac Tool Company Inc pay compared to Signs Etcetera Inc?

The average annual salary at Palmac Tool Company Inc is $96,556, or an hourly wage of $46, in comparison to Signs Etcetera Inc which pays $77,106 per year or $37 per hour.

3. What is the lowest salary at Palmac Tool Company Inc?

The lowest-paying job at Palmac Tool Company Inc is a Buyer with a salary of $54,656 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Palmac Tool Company Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Palmac Tool Company Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Palmac Tool Company Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Lowell?

While some companies offer formal COLA, many, including potentially Palmac Tool Company Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Palmac Tool Company Inc?

Most companies, likely including Palmac Tool Company Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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