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Average Foundry Mold and Coremakers Salary in Michigan

Foundry Mold and Coremakers in Michigan earn an average annual salary of $46,380, a figure slightly below the national average of $46,830. This marginal difference is often influenced by regional economic factors, the specific demands of the manufacturing sector within the state, and the overall cost of doing business.

Executive Summary

  • Average Salary: $46,380 per year.
  • Growth Trend: Salaries have shifted 6.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $60,210.
  • Outlook: Michigan boasts a robust job market for Foundry Mold and Coremakers, evidenced by a substantial local workforce of 1,700 individuals. The exceptionally high Location Quotient of 4.68 indicates a significant concentration of these roles compared to the national average, suggesting strong and sustained demand within the state's industrial landscape.
2024 Market Data

Salary Overview

$46,380

The average Foundry Mold and Coremakers in Michigan earns-1.0%below the national average.

BreakdownBased on 40h/week
Hourly

$22.3

Weekly

$892

Monthly

$3,865

Foundry Mold and Coremakers Salary Distribution in Michigan

Career progression for Foundry Mold and Coremakers in Michigan typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior mold and coremakers, with years of expertise and specialized skills, can command significantly higher salaries, reflecting the value of their honed craft and leadership potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$37,730$18.1
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$34,785$16.7
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$44,520$21.4
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$57,975$27.9
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$60,210$28.9

Detailed Foundry Mold and Coremakers Market Analysis

Relocation Context

Nominal Salary

$46,380

Gross Pay

Real Wage (Purchasing Power)

$51,192

Adjusted for COL (90.6)

The average annual salary of $46,380 in Michigan presents a favorable financial outlook when considering the local cost of living. With a Cost of Living Index of 90.6, which is below the national average of 100, the nominal earnings translate to a higher effective purchasing power for residents, making Michigan an economically attractive location.

Job Market Context

1,700

Total Jobs

0.386

Per 1K Jobs

4.68

Location Quotient

Major Hub

Michigan has 4.7x the national concentration of Foundry Mold and Coremakers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Michigan's Location Quotient of 4.68 for Foundry Mold and Coremakers signifies a highly concentrated job market, far exceeding the national average. This indicates that the state is a major hub for this profession, offering abundant opportunities and a deep pool of specialized talent, making it a prime location for both employers and job seekers in this field.

Nearby Job Markets

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Frequently Asked Questions

How much does a Foundry Mold and Coremakers make in Michigan?

The median annual salary for a Foundry Mold and Coremakers in Michigan is $46,380. This typically ranges from $37,730 for entry-level positions to $60,210 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Michigan is 1.0% lower than the national median of $46,830.

Is Michigan a lucrative place for Foundry Mold and Coremakerss?

Yes, Michigan offers a strong market for Foundry Mold and Coremakers.With a high concentration of jobs and a cost of living below the national average, the nominal salary provides good purchasing power.

Is Michigan a good place to live for Foundry Mold and Coremakers?

With a Cost of Living Index of 90.6 (lower than the national average of 100), your salary goes further here.

How does Michigan's cost of living compare to the national average for Foundry Mold and Coremakers?

Michigan's Cost of Living Index is 90.6, which is 9.4% lower than the national average of 100, meaning your salary of $46,380 will likely go further in Michigan.

What is the concentration of Foundry Mold and Coremakers jobs in Michigan?

Michigan has a Location Quotient of 4.68, indicating that the concentration of Foundry Mold and Coremakers jobs is more than four times the national average.

How many Foundry Mold and Coremakers are employed in Michigan?

There are approximately 1,700 Foundry Mold and Coremakers employed in Michigan, representing a significant portion of the state's manufacturing workforce.

Is the salary for Foundry Mold and Coremakers in Michigan higher or lower than the national average?

The average annual salary for Foundry Mold and Coremakers in Michigan is $46,380, which is slightly lower than the national average of $46,830.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,700 employees in the Michigan area with a job density of 0.386 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Foundry Mold and Coremakers • Data source: BLS OEWS 2024 •Jobs in Michigan