Average Tool and Die Makers Salary in Lexington-Fayette, KY
Tool and Die Makers in Lexington-Fayette, KY are earning an impressive average annual salary of $74,640, substantially outpacing the national average of $65,000. This elevated compensation is likely driven by the specialized skills required for this trade and the specific industrial demands within the Lexington-Fayette region, creating a favorable market for skilled professionals.
Executive Summary
- Average Salary: $74,640 per year.
- Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $85,820.
- Outlook: The local workforce for Tool and Die Makers in Lexington-Fayette, KY, comprising 310 professionals, indicates a dedicated and established sector. Coupled with a Location Quotient of 3.09, which signifies a concentration of these jobs significantly higher than the national average, the demand for Tool and Die Makers in this area appears robust and well-supported by the local economy.
Salary Overview
The average Tool and Die Makers in Lexington-Fayette, KY earns+14.8%above the national average.
$35.9
$1,435
$6,220
Tool and Die Makers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tool and Die Makers in Lexington-Fayette, KY have experienced steady growth over the past four years, mirroring national trends. This anticipated upward trajectory is often fueled by increasing demand for precision manufacturing, advancements in tooling technology, and the persistent need for experienced tradespeople.
Tool and Die Makers Salary Distribution in Lexington-Fayette, KY
Salary progression for Tool and Die Makers typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on accumulated knowledge and specialized skills in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $51,770 | $24.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $55,980 | $26.9 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $78,840 | $37.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $93,300 | $44.9 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $85,820 | $41.3 |
Detailed Tool and Die Makers Market Analysis
Relocation Context
Nominal Salary
$74,640
Gross Pay
Real Wage (Purchasing Power)
$74,640
Adjusted for COL (100)
With an average annual salary of $74,640 and a Cost of Living Index at the national average of 100, Tool and Die Makers in Lexington-Fayette, KY experience excellent purchasing power. The nominal salary effectively translates to a strong real income, allowing for a comfortable standard of living without the added financial pressure often associated with higher cost-of-living areas.
Job Market Context
310
Total Jobs
1.106
Per 1K Jobs
3.09
Location Quotient
Lexington-Fayette, KY has 3.1x 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 3.09 for Tool and Die Makers in Lexington-Fayette, KY, is a strong indicator of a highly concentrated job market. This suggests that the region has a disproportionately high number of these specialized roles compared to the national average, implying a competitive environment for employers seeking talent and a potentially abundant opportunity landscape for skilled individuals.
Nearby Job Markets
Nearby Cities for Tool and Die Makers
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Tool and Die Makers Salary | $59,540↓ 20% | 28 mi |
| South Central Kentucky nonmetropolitan area Tool and Die Makers Salary | $55,230↓ 26% | 28 mi |
| West Kentucky nonmetropolitan area Tool and Die Makers Salary | $57,960↓ 22% | 28 mi |
| Louisville/Jefferson County, KY-IN Tool and Die Makers Salary | $67,890↓ 9% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Tool and Die Makerss?
Frequently Asked Questions
How much does a Tool and Die Makers make in Lexington-Fayette, KY?
The median annual salary for a Tool and Die Makers in Lexington-Fayette, KY is $74,640. This typically ranges from $51,770 for entry-level positions to $85,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 14.8% higher than the national median of $65,000.
Is Lexington-Fayette, KY a lucrative place for Tool and Die Makers?
Yes, Lexington-Fayette, KY is a lucrative location for Tool and Die Makers.Tool and Die Makers in this region earn approximately $9,640 more annually than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Lexington-Fayette, KY a good place to live for Tool and Die Makers?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($59,540) and South Central Kentucky nonmetropolitan area.
How does the local workforce size impact job prospects for Tool and Die Makers in Lexington-Fayette, KY?
A local workforce of 310 suggests a stable and established community of Tool and Die Makers, indicating consistent demand and potential for networking within the industry.
What does a Location Quotient of 3.09 mean for Tool and Die Makers in Lexington-Fayette, KY?
A Location Quotient of 3.09 signifies that Tool and Die Maker jobs are over three times more concentrated in Lexington-Fayette, KY than the national average, pointing to high local demand.
How does the Cost of Living in Lexington-Fayette, KY compare to the national average for Tool and Die Makers?
The Cost of Living Index is exactly 100, meaning it matches the national average. This allows the higher local salary to translate directly into strong purchasing power for Tool and Die Makers.
What are the typical career paths for Tool and Die Makers in Lexington-Fayette, KY?
Career paths often involve progressing from apprentice to journeyman and then to senior or master Tool and Die Maker roles, with increasing responsibilities and compensation at each stage.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Lexington-Fayette, KY area with a job density of 1.106 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 Lexington-Fayette, KY