Average Tool and Die Makers Salary in Elkhart-Goshen, IN
Tool and Die Makers in Elkhart-Goshen, IN can expect an average annual salary of $61,880. This figure is slightly below the national average of $65,000, a common occurrence in regions with specialized industrial concentrations. Local economic factors and the specific demands of the manufacturing sector within Elkhart-Goshen play a significant role in shaping compensation for these skilled trades.
Executive Summary
- Average Salary: $61,880 per year.
- Growth Trend: Salaries have shifted 5.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,230.
- Outlook: The Elkhart-Goshen area demonstrates a robust demand for Tool and Die Makers, evidenced by a total local workforce of 220 professionals. With a Location Quotient of 4.81, this region is significantly more concentrated with these roles than the national average, indicating a strong and established presence of the industry and a consistent need for skilled labor.
Salary Overview
The average Tool and Die Makers in Elkhart-Goshen, IN earns-4.8%below the national average.
$29.8
$1,190
$5,157
Tool and Die Makers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a steady or growing trend in salaries for Tool and Die Makers over the past four years. Economic shifts, inflation, and evolving manufacturing techniques typically drive incremental salary increases for skilled trades, reflecting both increased demand and the rising cost of specialized expertise.
Tool and Die Makers Salary Distribution in Elkhart-Goshen, IN
Salary progression for Tool and Die Makers is strongly tied to experience and skill specialization. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and expertise in complex tooling and die design can command significantly higher salaries, often reaching the upper percentiles of the earning spectrum.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $47,360 | $22.8 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $46,410 | $22.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $61,920 | $29.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $77,350 | $37.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $78,230 | $37.6 |
Detailed Tool and Die Makers Market Analysis
Relocation Context
Nominal Salary
$61,880
Gross Pay
Real Wage (Purchasing Power)
$61,880
Adjusted for COL (100)
The average annual salary of $61,880 in Elkhart-Goshen aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of a Tool and Die Maker's salary in this region is comparable to the national standard, offering a stable financial environment without the added pressure of a high cost of living.
Job Market Context
220
Total Jobs
1.721
Per 1K Jobs
4.81
Location Quotient
Elkhart-Goshen, IN has 4.8x 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.
The Location Quotient of 4.81 for Tool and Die Makers in Elkhart-Goshen signifies a highly concentrated job market. This indicates that the region has a disproportionately large number of these specialized roles compared to the national average, suggesting a strong local industry presence and potentially higher competition for open positions, but also a deep pool of talent and resources.
Nearby Job Markets
Nearby Cities for Tool and Die Makers
| City | Salary | Dist. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Tool and Die Makers Salary | $60,840↓ 2% | 16 mi |
| Niles, MI Tool and Die Makers Salary | $57,420↓ 7% | 18 mi |
| Kalamazoo-Portage, MI Tool and Die Makers Salary | $60,660↓ 2% | 45 mi |
| Michigan City-La Porte, IN Tool and Die Makers Salary | $57,650↓ 7% | 47 mi |
| Battle Creek, MI Tool and Die Makers Salary | $56,570↓ 9% | 56 mi |
Comparing salaries near Elkhart-Goshen, IN
Hiring Tool and Die Makerss?
Frequently Asked Questions
How much does a Tool and Die Makers make in Elkhart-Goshen, IN?
The median annual salary for a Tool and Die Makers in Elkhart-Goshen, IN is $61,880. This typically ranges from $47,360 for entry-level positions to $78,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elkhart-Goshen, IN is 4.8% lower than the national median of $65,000.
Is Elkhart-Goshen, IN a lucrative place for Tool and Die Makers?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living being at the national average makes it a financially stable location. The high concentration of these roles also indicates strong local demand.
Is Elkhart-Goshen, IN a good place to live for Tool and Die Makers?
The Cost of Living Index in Elkhart-Goshen, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elkhart-Goshen, IN?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($60,840) and Niles, MI.
How does the local workforce size affect job prospects for Tool and Die Makers in Elkhart-Goshen?
A local workforce of 220 suggests a significant, established community of Tool and Die Makers, indicating a stable job market with consistent opportunities for skilled professionals within the region's manufacturing sector.
What does a Location Quotient of 4.81 mean for Tool and Die Makers in Elkhart-Goshen?
A Location Quotient of 4.81 means that Tool and Die Makers are nearly five times more concentrated in Elkhart-Goshen than the national average, highlighting a specialized and robust local industry demand for this profession.
How does the Cost of Living Index of 100 impact the salary of a Tool and Die Maker in Elkhart-Goshen?
An index of 100 means the cost of living is exactly average nationally. Therefore, the $61,880 salary provides a standard purchasing power, making it neither exceptionally high nor low in terms of real value compared to other regions.
Are there many job openings for Tool and Die Makers in Elkhart-Goshen?
With a high concentration (LQ of 4.81) and a dedicated local workforce, the job market is robust, suggesting consistent demand and a good number of available positions for qualified Tool and Die Makers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Elkhart-Goshen, IN area with a job density of 1.721 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 Elkhart-Goshen, IN