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Richter Precision Inc Salary

Richter Precision Inc Salary

How Much Does Richter Precision Inc Pay for employees?

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As of October 2026, the average monthly salary for employees at Richter Precision Inc in the United States is $6,299. This translates to an approximate annual wage of $75,584. Salaries at Richter Precision Inc typically range from $5,539 to $7,148 monthly, reflecting the diverse roles and experience levels within the company. Richter Precision 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 Richter Precision Inc 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

Technical Support Representative

$49,122 / year

Salary Range: $43,897 - $55,402

Technical Support

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

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 Richter Precision Inc.
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About Richter Precision Inc: Company Profile

Website
www.richterprecision.com
Founded In
1978
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
EAST PETERSBURG
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Richter Precision Inc's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Problem-solving is encouraged and supported. It's a place where you feel respected and your contributions are genuinely appreciated by both peers and supervisors. Leadership communicates company goals clearly and celebrates team achievements. Commitment to deadlines consistently meets customer expectations. Leadership is approachable and open to suggestions, which makes you feel heard.
Commented in April 28, 2025
14
3
Processes are well-established but can feel rigid. It's a strong, dependable environment for anyone interested in stable, hands-on manufacturing work with growth opportunities. Great team culture on the floor. The company feels stable, with steady demand and minimal layoffs. Safety practices meet regulations but lack extra initiatives. Shift work can be tiring due to irregular schedules. Employees...
Commented in March 17, 2025
20
0
Promotions occur but are infrequent. Safety is paramount here, and it shows in everything we do. Reliable production processes and experienced staff ensure timely delivery and consistent product quality. This culture of appreciation boosts morale and motivates everyone to do their best work consistently. Management listens to feedback.
Commented in October 05, 2024
35
3
The company uses modern machinery and technology, improving productivity and job satisfaction. Expectations are easy to meet, and leadership rarely interferes unless there’s an issue. It’s a very inclusive environment where everyone is treated with respect. Training was straightforward, and my team was very welcoming. The training doesn't stop after orientation - there are regular skills upgrades ...
Commented in February 02, 2024
27
2

How Richter Precision Inc's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Richter Precision Inc’s pay competitiveness. Click on a company for a deeper dive.

Is Richter Precision Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Richter Precision Inc’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)
Richter Precision Inc
MFG Durable
RTSCUT
REIF CARBIDE TOOL COMPANY
Industry Comparison
Our data shows that, on average, compensation at Richter Precision Inc is below the average for the U.S. MFG Durable industry by approximately 38%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Richter Precision Inc average annual salary with several similar companies. Richter Precision Inc average salary of $75,584 is lower than RTSCUT, which has an average salary of $76,886. It is lower than REIF CARBIDE TOOL COMPANY, with their average salary at $78,341. This places Richter Precision 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.

What Is the Cost of Living Near Lancaster?

Understanding the cost of living near Lancaster is key to truly evaluating a salary offer or your current compensation at Richter Precision Inc.
Lancaster's Cost of Living Index is approximately 97.1 (2.9% less expensive than US average; same as PA average). South Central PA city, Amish country, housing near US avg. RRTA bus. When planning your budget based on a salary from Richter Precision Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Richter Precision Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $56 (RRTA monthly pass) 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,456 - $3,816+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Richter Precision Inc

FAQ 1: How much does a Richter Precision Inc employee make?
Richter Precision Inc pays its employees an average of $75,584 per year. The average salary at Richter Precision Inc range from $66,470 to $85,770 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 Richter Precision Inc?
The salary at Richter Precision Inc is lesser than the similar company. The average annual salary at Richter Precision Inc is $75,584, or an hourly wage of $36, in comparison to RTSCUT which pays $76,886 per year or $37 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at Richter Precision Inc?
In many roles at Richter Precision 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.
FAQ 4: How does the cost of living near Lancaster affect the perceived value of a Richter Precision Inc salary?
Lancaster's Cost of Living Index is approximately 97.1 (2.9% less expensive than US average; same as PA average). This significantly impacts the purchasing power of a salary from Richter Precision Inc based there. Our "Cost of Living Insights for Lancaster" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does Richter Precision Inc typically offer employees?
Richter Precision 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 Richter Precision Inc" section on this page.

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