Average Tool and Die Makers Salary in Lafayette-West Lafayette, IN
The average salary for a Tool and Die Makers in Lafayette-West Lafayette, IN is $65,990. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Lafayette-West Lafayette, IN is a key hub for this profession, with a job concentration 1.83x higher than average.
Executive Summary
- Average Salary: $65,990 per year.
- Growth Trend: Salaries have shifted 23.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $84,830.
- Outlook: The current demand for Tool and Die Makerss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Lafayette-West Lafayette, IN economy.
Salary Overview
The average Tool and Die Makers in Lafayette-West Lafayette, IN earns+1.5%above the national average.
$31.7
$1,269
$5,499
Tool and Die Makers Salary Trends (2020-2024)
Over the past 4 years, Tool and Die Makers salaries in Lafayette-West Lafayette, IN have experienced a rapid surge, growing by 23.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Tool and Die Makers Salary Distribution in Lafayette-West Lafayette, IN
The earning potential for Tool and Die Makerss in Lafayette-West Lafayette, IN varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $47,700, while highly experienced professionals can command wages upwards of $84,830.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $47,700 | $22.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $49,493 | $23.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $64,260 | $30.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $82,488 | $39.7 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $84,830 | $40.8 |
Detailed Tool and Die Makers Market Analysis
Relocation Context
Nominal Salary
$65,990
Gross Pay
Real Wage (Purchasing Power)
$65,990
Adjusted for COL (100)
In Lafayette-West Lafayette, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $65,990 to $65,990.
Job Market Context
70
Total Jobs
0.653
Per 1K Jobs
1.83
Location Quotient
Lafayette-West Lafayette, IN has 1.8x 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.
70 people work as Tool and Die Makers in Lafayette-West Lafayette, IN.
Only 0.653 out of every 1,000 local jobs are Tool and Die Makers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Tool and Die Makers
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Tool and Die Makers Salary | $62,710↓ 5% | 50 mi |
| Southern Indiana nonmetropolitan area Tool and Die Makers Salary | $64,830↓ 2% | 50 mi |
| Central Indiana nonmetropolitan area Tool and Die Makers Salary | $66,980↑ 2% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Tool and Die Makers Salary | $63,840↓ 3% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Tool and Die Makerss?
Frequently Asked Questions
How much does a Tool and Die Makers make in Lafayette-West Lafayette, IN?
The median annual salary for a Tool and Die Makers in Lafayette-West Lafayette, IN is $65,990. This typically ranges from $47,700 for entry-level positions to $84,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 1.5% higher than the national median of $65,000.
Is Lafayette-West Lafayette, IN a good place for Tool and Die Makerss?
Yes, Lafayette-West Lafayette, IN is an excellent location for Tool and Die Makerss. It offers both higher-than-average salaries ($65,990) and a high concentration of job opportunities. See distinct detailed breakdown below.
Is Lafayette-West Lafayette, IN a good place to live for Tool and Die Makers?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($62,710) and Southern Indiana nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Lafayette-West Lafayette, IN area with a job density of 0.653 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 Lafayette-West Lafayette, IN