Average Foundry Mold and Coremakers Salary in Wisconsin
Foundry Mold and Coremakers in Wisconsin earn an average annual salary of $44,830. This figure is slightly below the national average of $46,830, a common trend in regions with a lower cost of living. The specific economic landscape and demand within Wisconsin's industrial sector directly influence this localized compensation.
Executive Summary
- Average Salary: $44,830 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,970.
- Outlook: With a total local workforce of 910 individuals, the Foundry Mold and Coremaker profession in Wisconsin represents a niche but established segment of the state's industrial labor market. The robust Location Quotient of 3.77 indicates a significant concentration of these roles compared to the national average, suggesting a consistent demand and a stable job environment for skilled professionals in this field.
Salary Overview
The average Foundry Mold and Coremakers in Wisconsin earns-4.3%below the national average.
$21.6
$862
$3,736
Foundry Mold and Coremakers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Foundry Mold and Coremakers in Wisconsin have experienced steady growth over the past four years, mirroring national trends in skilled trades. Factors such as inflation, increased demand for manufactured goods, and the need for specialized expertise likely contribute to upward pressure on wages within this sector.
Foundry Mold and Coremakers Salary Distribution in Wisconsin
Career progression for Foundry Mold and Coremakers in Wisconsin typically involves a salary increase with accumulating experience. Entry-level positions may start closer to the lower end of the pay scale, while senior mold and coremakers, with extensive expertise and potentially supervisory responsibilities, can command significantly higher salaries. The percentile gaps in earnings clearly signify the career trajectory and reward for specialized skills and years of service.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $31,490 | $15.1 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $33,623 | $16.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $44,420 | $21.4 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $56,038 | $26.9 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $62,970 | $30.3 |
Detailed Foundry Mold and Coremakers Market Analysis
Relocation Context
Nominal Salary
$44,830
Gross Pay
Real Wage (Purchasing Power)
$48,781
Adjusted for COL (91.9)
The average annual salary of $44,830 in Wisconsin for Foundry Mold and Coremakers is notably advantageous when considering the local Cost of Living Index of 91.9. This index, being below the national average of 100, means that the nominal income earned in Wisconsin holds greater purchasing power, allowing for a potentially higher standard of living compared to areas with a higher cost of living, even with a slightly lower average salary.
Job Market Context
910
Total Jobs
0.311
Per 1K Jobs
3.77
Location Quotient
Wisconsin has 3.8x 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.
Wisconsin's Location Quotient of 3.77 for Foundry Mold and Coremakers signifies a substantial concentration of this profession within the state, far exceeding the national average. This high concentration suggests a specialized and potentially competitive market where employers actively seek out talent with specific skills. It indicates that Wisconsin is a key hub for this particular trade, offering ample opportunities for those in the field.
Nearby Job Markets
Hiring Foundry Mold and Coremakerss?
Frequently Asked Questions
How much does a Foundry Mold and Coremakers make in Wisconsin?
The median annual salary for a Foundry Mold and Coremakers in Wisconsin is $44,830. This typically ranges from $31,490 for entry-level positions to $62,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wisconsin is 4.3% lower than the national median of $46,830.
Is Wisconsin a lucrative place for Foundry Mold and Coremakerss?
Yes, especially considering the cost of living.While the average salary is slightly below the national average, Wisconsin's lower cost of living means your earnings have greater purchasing power. The high concentration of these jobs also indicates strong local demand.
Is Wisconsin a good place to live for Foundry Mold and Coremakers?
With a Cost of Living Index of 91.9 (lower than the national average of 100), your salary goes further here.
How does Wisconsin's cost of living affect Foundry Mold and Coremaker salaries?
Wisconsin's cost of living index of 91.9, which is below the national average, makes the $44,830 average salary more impactful. Your income can support a higher standard of living than the nominal figure might suggest when compared to national averages.
What does the Location Quotient of 3.77 mean for Foundry Mold and Coremakers in Wisconsin?
A Location Quotient of 3.77 indicates that Foundry Mold and Coremakers are significantly more concentrated in Wisconsin than in the average U.S. state. This suggests a strong industry presence and potentially higher demand for these specialized skills within the state.
How many Foundry Mold and Coremakers are there in Wisconsin?
There are approximately 910 Foundry Mold and Coremakers employed in Wisconsin, representing a notable segment of the state's skilled labor force in the manufacturing sector.
Are Foundry Mold and Coremaker jobs growing in Wisconsin?
While specific growth rates aren't provided, the high Location Quotient suggests a stable and established market. Assuming typical economic trends, the demand for skilled trades like mold and coremaking is likely to remain consistent or see modest growth.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 910 employees in the Wisconsin area with a job density of 0.311 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Foundry Mold and Coremakers • Data source: BLS OEWS 2024 •Jobs in Wisconsin