Average Tool and Die Makers Salary in Chicago-Naperville-Elgin, IL-IN
Tool and Die Makers in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $63,910. This figure is slightly below the national average of $65,000, suggesting a nuanced compensation landscape. Local economic factors and industry demand within this specific region likely contribute to this pay rate.
Executive Summary
- Average Salary: $63,910 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $85,230.
- Outlook: The Chicago-Naperville-Elgin area boasts a robust market for Tool and Die Makers, with a substantial local workforce of 3,100 professionals. The Location Quotient of 1.94 indicates a significantly higher concentration of these roles compared to the national average, signaling strong and sustained demand within the region's manufacturing sector.
Salary Overview
The average Tool and Die Makers in Chicago-Naperville-Elgin, IL-IN earns-1.7%below the national average.
$30.7
$1,229
$5,326
Tool and Die Makers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Tool and Die Makers in Chicago-Naperville-Elgin have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, technological advancements in tooling, and evolving industry needs typically drive upward salary adjustments in skilled trades.
Tool and Die Makers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Experience plays a crucial role in the earning potential of Tool and Die Makers. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries. The percentile gaps in salary distribution highlight clear career progression pathways and the financial rewards associated with advancing expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $43,000 | $20.7 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $47,933 | $23 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $61,580 | $29.6 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $79,888 | $38.4 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $85,230 | $41 |
Detailed Tool and Die Makers Market Analysis
Relocation Context
Nominal Salary
$63,910
Gross Pay
Real Wage (Purchasing Power)
$63,910
Adjusted for COL (100)
For Tool and Die Makers considering a move to Chicago-Naperville-Elgin, the average salary of $63,910 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the nominal salary is equivalent to the national average, offering stability and predictability in terms of daily expenses.
Job Market Context
3,100
Total Jobs
0.693
Per 1K Jobs
1.94
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 1.9x the national concentration of Tool and Die Makers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.94, the Chicago-Naperville-Elgin area is a highly concentrated hub for Tool and Die Makers, nearly double the national average. This indicates a competitive yet abundant job market where employers actively seek skilled professionals, and opportunities are more plentiful than in many other regions.
Nearby Job Markets
Nearby Cities for Tool and Die Makers
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Tool and Die Makers Salary | $57,650↓ 10% | 41 mi |
| Kenosha, WI Tool and Die Makers Salary | $69,620↑ 9% | 51 mi |
| Racine-Mount Pleasant, WI Tool and Die Makers Salary | $64,730↑ 1% | 59 mi |
| Niles, MI Tool and Die Makers Salary | $57,420↓ 10% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Tool and Die Makerss?
Frequently Asked Questions
How much does a Tool and Die Makers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Tool and Die Makers in Chicago-Naperville-Elgin, IL-IN is $63,910. This typically ranges from $43,000 for entry-level positions to $85,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 1.7% lower than the national median of $65,000.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Tool and Die Makers?
Yes, it offers competitive compensation and strong job market concentration.The area's average salary is close to the national average, and its high concentration of Tool and Die Makers (LQ 1.94) indicates robust demand and ample opportunities.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Tool and Die Makers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($57,650) and Kenosha, WI.
How does the Chicago-Naperville-Elgin salary compare to the national average?
The average annual salary for Tool and Die Makers in Chicago-Naperville-Elgin is $63,910, which is slightly below the national average of $65,000.
What is the significance of the Location Quotient (LQ) in Chicago for this role?
An LQ of 1.94 means that Tool and Die Makers are nearly twice as concentrated in the Chicago-Naperville-Elgin area compared to the national average, indicating a strong regional demand for these skills.
How does the cost of living affect the Tool and Die Maker salary in Chicago?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $63,910 salary has equivalent purchasing power to the national average salary.
What is the total number of Tool and Die Makers in the Chicago area?
There are approximately 3,100 Tool and Die Makers employed within the Chicago-Naperville-Elgin metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,100 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.693 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Tool and Die Makers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN