Cutting Tool and Machine Tool Accessory Manufacturing — Average Employee Salary
The average employee in the cutting tool and machine tool accessory manufacturing industry earns $71,558 per year ($34.40/hour), according to Bureau of Labor Statistics QCEW data.
What Do Cutting Tool and Machine Tool Accessory Manufacturing Workers Earn?
At $71,558/year (equivalent to $34.40/hour for a full-time worker), cutting tool and machine tool accessory manufacturing wages are near the national average of ~$65,000.
The typical cutting tool and machine tool accessory manufacturing business employs 19 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average cutting tool and machine tool accessory manufacturing business generating $6.5M/year with 19 employees at $71,558 each, total payroll represents roughly 20.8% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a cutting tool and machine tool accessory manufacturingbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $93,025/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 19 employees = ~$1,359,602/year in base payroll.
- Hourly equivalent: $34.40/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $6.5M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Cutting Tool and Machine Tool Accessory Manufacturing revenue benchmarks →Frequently Asked Questions
- How much do cutting tool and machine tool accessory manufacturing employees make?
- The average cutting tool and machine tool accessory manufacturing employee earns $71,558 per year, which is equivalent to $34.40/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the cutting tool and machine tool accessory manufacturing industry?
- The cutting tool and machine tool accessory manufacturing industry employs 21,164 workers across 1,111 establishments in the United States. The average business in this industry has approximately 19 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).