Rayco Tools Inc Salary

Rayco Tools Inc Salary

How much does the Rayco Tools Inc Pay for employees?

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As of July 2026, the average annual salary for employees at Rayco Tools Inc in the United States is $83,160. This translates to an approximate hourly wage of $40. Salaries at Rayco Tools Inc typically range from $73,244 to $93,844 annually, reflecting the diverse roles and experience levels within the company. Rayco Tools 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 Rayco Tools Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Rayco Tools 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 Rayco Tools Inc

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

Is Rayco Tools Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Rayco Tools 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
150k
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90k
60k
30k
0
Average Salary ($/year)
Rayco Tools Inc
MFG Durable
Diamond Tools Technology LLC
Acr Machine Inc
Industry Comparison
Our data shows that, on average, compensation at Rayco Tools Inc is below the average for the U.S. MFG Durable industry by approximately 32%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Rayco Tools Inc average annual salary with several similar companies. Rayco Tools Inc average salary of $83,160 is lower than Diamond Tools Technology LLC, which has an average salary of $86,388. It is lower than Acr Machine Inc, with their average salary at $89,690. This places Rayco Tools 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 Rayco Tools Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Rayco Tools Inc

Considering a career at Rayco Tools 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 exciting to be part of a company that isn't afraid to invest in the future of manufacturing. The scale and impact of production are simply awe-inspiring. The pace can be repetitive depending on your station. It's refreshing to be part of a company that truly values its employees' contributions and invests in their long-term success and overall well-being. The work environment is generally pro...
Commented in April 04, 2025
25
1
Shift flexibility is appreciated. Cross-training is encouraged, allowing employees to build skills in different areas. Training is hands-on, and expectations are clear. Everyone works together to hit goals.
Commented in December 13, 2024
21
2
Leadership is accessible and responsive to employee feedback. Training is basic but sufficient to get the job done. Fair supervisors and clear expectations.
Commented in October 15, 2024
11
3

Rayco Tools Inc Overview

Website
www.raycotoolsinc.com
Founded In
1989
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
207 S Lincoln St Warsaw Indiana IN 46580
Revenue
<$5 Million
Phone Number
+1 5742670080
Social Media
About Rayco Tools Inc
Located in the Orthopedic Capitol of Warsaw, IN, Rayco Tools Inc. offers absolutely the toughest Rotary & Push style broach tools, with the greatest wear resistance in the industry. Rayco broaches are held to a standard tolerance of +/-.0002. While conventionally heat treated PM-M4, PM T-15, & HiCo broach tools such as M42, are limited for use in materials up to 30 HRC, Rotary Broaching in materia

What Benefits Does Rayco Tools Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Rayco Tools 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 Fort Wayne?

Understanding the cost of living near Fort Wayne is key to truly evaluating a salary offer or your current compensation at Rayco Tools Inc.
Fort Wayne's Cost of Living Index is approximately 77.2 (22.8% less expensive than US average; 14.8% less than IN average). NE IN city, very affordable housing. Citilink. When planning your budget based on a salary from Rayco Tools Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Rayco Tools Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (Citilink monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $530 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,920 - $3,100+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Rayco Tools Inc

1. What is the average salary for employees at Rayco Tools Inc?

The average annual total compensation for employees at Rayco Tools Inc is approximately $83,160. However, this is an aggregate figure, actual salaries can range significantly, typically from $73,244 to $93,844, depending on factors like job role, experience, and location.

2. How much does Rayco Tools Inc pay compared to Diamond Tools Technology LLC?

The average annual salary at Rayco Tools Inc is $83,160, or an hourly wage of $40, in comparison to Diamond Tools Technology LLC which pays $86,388 per year or $42 per hour.

3. What is the lowest salary at Rayco Tools Inc?

The lowest-paying job at Rayco Tools Inc is a HR Assistant with a salary of $40,420 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 Rayco Tools 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 Rayco Tools Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Rayco Tools Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Fort Wayne?

While some companies offer formal COLA, many, including potentially Rayco Tools 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 Rayco Tools Inc?

Most companies, likely including Rayco Tools 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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