Tool-Masters Inc Salary

How much does the Tool-Masters Inc Pay for employees?

As of July 2026, the average annual salary for employees at Tool-Masters Inc in the United States is $88,593. This translates to an approximate hourly wage of $43. Salaries at Tool-Masters Inc typically range from $78,037 to $99,978 annually, reflecting the diverse roles and experience levels within the company. Tool-Masters 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 Tool-Masters Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Tool-Masters 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 Tool-Masters Inc

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

Is Tool-Masters Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Tool-Masters 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
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Average Salary ($/year)
Tool-Masters Inc
MFG Durable
Labrador Systems Inc
Frabel Studio & Gallery
Industry Comparison
Our data shows that, on average, compensation at Tool-Masters Inc is below the average for the U.S. MFG Durable industry by approximately 27%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Tool-Masters Inc average annual salary with several similar companies. Tool-Masters Inc average salary of $88,593 is lower than Labrador Systems Inc, which has an average salary of $98,012. It is higher than Frabel Studio & Gallery, with their average salary at $86,578. This places Tool-Masters 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.

Employee Reviews: Working at Tool-Masters Inc

Considering a career at Tool-Masters 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 team dynamic is decent, though there’s room for stronger cross-department collaboration. Everyone knows their role clearly. I’ve moved from operator to supervisor in three years, which speaks to their belief in promoting from within. The culture emphasizes safety, accountability, and continuous improvement, and managers are visible and approachable. Leadership provides direction, but daily upd...
The workplace is professional, though camaraderie is minimal. The job is fine for those looking for routine. Leadership is generally responsive, but some processes lack clarity. Management is approachable and solutions-oriented. There’s not a lot of room for open discussion unless you ask directly. Onboarding is smooth, and the work becomes second nature quickly. Moreover, there's a strong culture...
Management communicates expectations well and gives regular performance feedback. It's a solid option for routine work and it is long-term excitement or challenge. Employees appreciate the company’s focus on quality and continuous improvement.

Tool-Masters Inc Overview

Website
www.tool-masters.net
Founded In
1969
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
204 N Stanley St Grant Park Illinois IL 60940
Revenue
<$5 Million
Phone Number
+1 8154656830
Social Media
About Tool-Masters Inc
We are a family owned and operated machine shop with over 25 years experience. Included in our 22,000 square foot facility you will find a full service Tool and Die / Machine Shop equipped with state of the art machines and dedicated employees. Our goal is to maintain a long lasting relationship with our customers based on exceptional quality and service. Tool-Masters will work with your company t

What Benefits Does Tool-Masters Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Tool-Masters 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Tool-Masters Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Tool-Masters Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Tool-Masters Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Tool-Masters Inc

1. What is the estimated average total compensation at Tool-Masters Inc?

Salary.com estimates that the average total compensation package at Tool-Masters Inc, which can include base salary, potential bonuses, and benefits, is around $88,593 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Tool-Masters Inc pay compared to Labrador Systems Inc?

The average annual salary at Tool-Masters Inc is $88,593, or an hourly wage of $43, in comparison to Labrador Systems Inc which pays $98,012 per year or $47 per hour.

3. Do salaries differ significantly between departments at Tool-Masters Inc?

Yes, salaries often differ between departments at Tool-Masters Inc 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 Tool-Masters Inc?

Salary progression from an entry-level to a senior role at Tool-Masters Inc 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 Tool-Masters Inc in Chicago is fair given the local cost of living?

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

6. Are promotions at Tool-Masters Inc usually accompanied by a significant salary increase?

Yes, promotions at Tool-Masters Inc 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.