Toolmasters Salary

Toolmasters Salary

How much does the Toolmasters Pay for employees?

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As of July 2026, the average annual salary for employees at Toolmasters in the United States is $81,726. This translates to an approximate hourly wage of $39. Salaries at Toolmasters typically range from $71,980 to $92,222 annually, reflecting the diverse roles and experience levels within the company. Toolmasters’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 Toolmasters Pay for Different Roles?

Explore detailed salary information for specific jobs at Toolmasters. 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 Toolmasters

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

Is Toolmasters’s Pay Competitive? Salary Benchmarking Analysis

How does Toolmasters’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
120k
90k
60k
30k
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Average Salary ($/year)
Toolmasters
MFG Durable
Southern Edm Tool Company Inc
Buffalo Architectural Woodwork
Industry Comparison
Our data shows that, on average, compensation at Toolmasters is below the average for the U.S. MFG Durable industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Toolmasters average annual salary with several similar companies. Toolmasters average salary of $81,726 is lower than Southern Edm Tool Company Inc, which has an average salary of $88,519. It is lower than Buffalo Architectural Woodwork, with their average salary at $90,649. This places Toolmasters 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 Toolmasters's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Toolmasters

Considering a career at Toolmasters? 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.
What makes this manufacturing company special is its employee-first approach. Management supports training and career growth opportunities consistently. Opportunities for advancement are available. Some roles feel more supported than others.
Commented in February 05, 2025
28
2
Management checks in occasionally but doesn’t offer much feedback. Safety is not just a buzzword—it’s a daily focus. Production output is steady. It’s not just about numbers; it’s about making a product we can all be proud of. In our manufacturing setting, everyone is quick to lend a hand and share knowledge. Recognition programs keep motivation high. Employees receive fair benefits and maintain s...
Commented in September 19, 2024
31
1
Shift work can be tiring due to irregular schedules. I like how each shift runs like clockwork, with clear expectations and strong teamwork. The operation maintains impressive quality standards while fostering positive work relationships. Shift leaders are approachable and fair. It’s also a very safe workplace, with regular audits and improvements.
Commented in February 23, 2024
21
1

Toolmasters Overview

Website
www.diebuilders.com
Founded In
1973
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
1203 E 6th St Mishawaka Indiana IN 46544
Revenue
<$5 Million
Phone Number
+1 9122471948
Social Media
About Toolmasters
Toolmasters Inc. is dedicated to providing quality tools and dies, deliver them on time, and conduct all business with integrity. We make these commitments to each of our customers. When you need a high quality, easy to maintain die, come to the tool and die shop where quality still counts.

What Benefits Does Toolmasters Offer Beyond Salary?

A competitive compensation package is more than just a salary. Toolmasters 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 Mishawaka?

Understanding the cost of living near Mishawaka is key to truly evaluating a salary offer or your current compensation at Toolmasters.
Mishawaka's Cost of Living Index is approximately 80.2 (19.8% less expensive than US average; 11.5% less than IN average). South Bend suburb, affordable housing. Transpo bus. When planning your budget based on a salary from Toolmasters, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Toolmasters salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (Transpo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $570+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,995 - $3,195+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Toolmasters

1. What is the typical salary range (low to high) for most roles at Toolmasters?

The typical annual salary range for most roles at Toolmasters is approximately from $71,980 to $92,222. 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.

2. How much does Toolmasters pay compared to Southern Edm Tool Company Inc?

The average annual salary at Toolmasters is $81,726, or an hourly wage of $39, in comparison to Southern Edm Tool Company Inc which pays $88,519 per year or $43 per hour.

3. Do salaries differ significantly between departments at Toolmasters?

Yes, salaries often differ between departments at Toolmasters 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. How does experience level affect salary at Toolmasters?

Experience level is a significant factor in determining salary at Toolmasters, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Toolmasters in Mishawaka is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Toolmasters?

Several key factors influence salary levels at Toolmasters. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Toolmasters likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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