Peerless Machine & Tool Corp Salary

Peerless Machine & Tool Corp Salary

How much does the Peerless Machine & Tool Corp Pay for employees?

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As of July 2026, the average hourly salary for employees at Peerless Machine & Tool Corp in the United States is $42. This translates to an approximate annual wage of $86,335. Salaries at Peerless Machine & Tool Corp typically range from $37 to $47 hourly, reflecting the diverse roles and experience levels within the company. Peerless Machine & Tool Corp’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 Peerless Machine & Tool Corp Pay for Different Roles?

Explore detailed salary information for specific jobs at Peerless Machine & Tool Corp. 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 Peerless Machine & Tool Corp

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

Is Peerless Machine & Tool Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Peerless Machine & Tool Corp’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Peerless Machine & Tool Corp
MFG Durable
Swiss-Micron Inc
Metal Cutting Corp
Industry Comparison
Our data shows that, on average, compensation at Peerless Machine & Tool Corp is below the average for the U.S. MFG Durable industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Peerless Machine & Tool Corp average annual salary with several similar companies. Peerless Machine & Tool Corp average salary of $86,335 is lower than Swiss-Micron Inc, which has an average salary of $105,881. It is lower than Metal Cutting Corp, with their average salary at $103,813. This places Peerless Machine & Tool Corp 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.

Companies Similar to Peerless Machine & Tool Corp and Their Hourly Pay Rates

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

Employee Reviews: Working at Peerless Machine & Tool Corp

Considering a career at Peerless Machine & Tool Corp? 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.
There's a real sense of community and mutual support among colleagues. From good benefits to recognizing hard work, you feel like a valued team member, not just a number. Work can be repetitive depending on department. They promote from within and recognize talent. Team environment is great and communication is strong across departments.
Commented in March 13, 2025
29
3
Safety protocols are strictly enforced, ensuring a secure workplace. It’s a place where you can feel secure in your role and proud of the products you help create. You’ll know what’s expected, there is engagement or brainstorming unless you’re in a leadership role. Workinghas been an incredibly rewarding experience.
Commented in February 01, 2025
32
0
The atmosphere is professional but friendly, and coworkers genuinely look out for each other. The company invests heavily in state-of-the-art equipment and automation technology, making our jobs safer and more efficient. Facilities are clean, organized and equipped with state-of-the-art machinery. Equipment is generally reliable with some unexpected downtimes. Workloads can fluctuate significantly...
Commented in December 22, 2024
48
1
They actively seek employee feedback and implement changes that make a real difference. The competitive wages and comprehensive benefits package show how much the company values its workforce. They ensure we have the right training and tools to do our jobs effectively and safely. This manufacturing firm provides stable employment and reasonable benefits. The facilities are modern, and everything i...
Commented in December 01, 2024
31
1
Daily tasks are manageable, and the environment is clean. Pay is fair, and hours are reliable. It’s more than a job—it’s a supportive environment that helps you thrive professionally. What stands out is the structured training process and continued mentorship.
Commented in January 26, 2024
20
3

Peerless Machine & Tool Corp Overview

Website
www.peerlessmachine.com
Founded In
1922
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1804 W 2nd St Marion Indiana IN 46952
Revenue
$10 Million - $50 Million
Phone Number
+1 7656622586
Social Media
About Peerless Machine & Tool Corp
Peerless Machine & Tool Corporation was founded in 1922 by Mr. John H. Carson. With six employees and 3,000 square feet of shop space he set up business in Marion, Indiana. In the early years, the company specialized in repairing machinery for the corrugated board industry. However, it wasn't long before opportunities in the paperboard converting and forming markets became available. In 1926, the

What Benefits Does Peerless Machine & Tool Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Peerless Machine & Tool Corp 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Peerless Machine & Tool Corp.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Peerless Machine & Tool Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Peerless Machine & Tool Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Peerless Machine & Tool Corp

1. What is the estimated average total compensation at Peerless Machine & Tool Corp?

Salary.com estimates that the average total compensation package at Peerless Machine & Tool Corp, which can include base salary, potential bonuses, and benefits, is around $42 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Peerless Machine & Tool Corp pay compared to Swiss-Micron Inc?

The average annual salary at Peerless Machine & Tool Corp is $86,335, or an hourly wage of $42, in comparison to Swiss-Micron Inc which pays $105,881 per year or $51 per hour.

3. Do salaries differ significantly between departments at Peerless Machine & Tool Corp?

Yes, salaries often differ between departments at Peerless Machine & Tool Corp 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Peerless Machine & Tool Corp?

Salary progression from an entry-level to a senior role at Peerless Machine & Tool Corp 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.

5. How can I determine if a salary offer from Peerless Machine & Tool Corp in Indianapolis is fair given the local cost of living?

To determine if a salary offer from Peerless Machine & Tool Corp in Indianapolis is fair, first compare the gross salary to our data for similar roles at Peerless Machine & Tool Corp and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Indianapolis" to understand its purchasing power.

6. Are promotions at Peerless Machine & Tool Corp usually accompanied by a significant salary increase?

Yes, promotions at Peerless Machine & Tool Corp 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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