Average Tool and Die Makers Salary in Southern Indiana nonmetropolitan area
Tool and Die Makers in Southern Indiana's nonmetropolitan areas earn an average annual salary of $64,830. This figure is remarkably close to the national average of $65,000, indicating a strong parity in compensation despite the rural setting. The localized demand and specialized nature of this trade likely contribute to maintaining competitive wages.
Executive Summary
- Average Salary: $64,830 per year.
- Growth Trend: Salaries have shifted 8.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $85,020.
- Outlook: With a dedicated local workforce of 320 Tool and Die Makers, and a Location Quotient of 4.55, this region demonstrates a significantly higher concentration of these skilled professionals than the national average. This robust presence suggests a healthy and active job market for Tool and Die Makers, indicating consistent demand and potential for stable employment opportunities.
Salary Overview
The average Tool and Die Makers in Southern Indiana nonmetropolitan area earns-0.3%below the national average.
$31.2
$1,247
$5,403
Tool and Die Makers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tool and Die Maker salaries in Southern Indiana have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for manufactured goods, and the ongoing need for skilled tradespeople likely contribute to upward pressure on wages in this sector.
Tool and Die Makers Salary Distribution in Southern Indiana nonmetropolitan area
Salary progression for Tool and Die Makers typically scales with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and specialized skills can command salaries in the higher percentiles. The difference between starting and senior-level pay often signifies significant career advancement and increased responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $45,660 | $22 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $48,623 | $23.4 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $63,980 | $30.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $81,038 | $39 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $85,020 | $40.9 |
Detailed Tool and Die Makers Market Analysis
Relocation Context
Nominal Salary
$64,830
Gross Pay
Real Wage (Purchasing Power)
$64,830
Adjusted for COL (100)
The average annual salary of $64,830 in Southern Indiana's nonmetropolitan areas aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Tool and Die Maker's salary in this region is equivalent to the national average, offering a stable financial outlook without the typical trade-offs associated with lower cost-of-living areas.
Job Market Context
320
Total Jobs
1.628
Per 1K Jobs
4.55
Location Quotient
Southern Indiana nonmetropolitan area has 4.5x 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.
A Location Quotient of 4.55 signifies that Tool and Die Makers are over 4.5 times more concentrated in Southern Indiana's nonmetropolitan areas compared to the national average. This high concentration suggests a specialized regional industry or a strong tradition of manufacturing that heavily relies on these skilled trades, making the job market particularly robust for this profession.
Nearby Job Markets
Nearby Cities for Tool and Die Makers
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Tool and Die Makers Salary | $63,840↓ 2% | 8 mi |
| Columbus, IN Tool and Die Makers Salary | $63,490↓ 2% | 48 mi |
| Lafayette-West Lafayette, IN Tool and Die Makers Salary | $65,990↑ 2% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Tool and Die Makerss?
Frequently Asked Questions
How much does a Tool and Die Makers make in Southern Indiana nonmetropolitan area?
The median annual salary for a Tool and Die Makers in Southern Indiana nonmetropolitan area is $64,830. This typically ranges from $45,660 for entry-level positions to $85,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 0.3% lower than the national median of $65,000.
Is Southern Indiana nonmetropolitan area a lucrative place for Tool and Die Makerss?
Yes, it is a lucrative place for Tool and Die Makers.The average salary is nearly on par with the national average, and the cost of living is also at the national average, offering excellent purchasing power. Furthermore, the high concentration of these jobs indicates strong regional demand.
Is Southern Indiana nonmetropolitan area a good place to live for Tool and Die Makers?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($63,840) and Columbus, IN.
How does the number of Tool and Die Makers in Southern Indiana compare nationally?
Southern Indiana's nonmetropolitan areas have 1.628 jobs per 1,000 workers in this field, indicating a significant presence relative to the national landscape, especially given its high Location Quotient.
What is the significance of the Location Quotient (LQ) for Tool and Die Makers in this region?
An LQ of 4.55 means Tool and Die Makers are significantly more prevalent in Southern Indiana's nonmetropolitan areas than the national average, pointing to a specialized and concentrated industry demand.
Does the cost of living affect the value of a Tool and Die Maker's salary in Southern Indiana?
No, the cost of living index is 100, matching the national average. This means the $64,830 salary offers purchasing power equivalent to the national average, making it financially stable.
What does the total local workforce of 320 Tool and Die Makers imply?
A workforce of 320 indicates a substantial and established community of skilled professionals, suggesting a stable demand and a supportive network for Tool and Die Makers in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Southern Indiana nonmetropolitan area area with a job density of 1.628 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 Southern Indiana nonmetropolitan area