Industrial Mold Manufacturing — Average Employee Salary

The average employee in the industrial mold manufacturing industry earns $67,191 per year ($32.30/hour), according to Bureau of Labor Statistics QCEW data.

$67,191
Avg Annual Pay
33,125
Total Employees
1,504
Total Establishments
22
Avg Employees/Business

What Do Industrial Mold Manufacturing Workers Earn?

At $67,191/year (equivalent to $32.30/hour for a full-time worker), industrial mold manufacturing wages are near the national average of ~$65,000.

The typical industrial mold manufacturing business employs 22 people. These are larger operations where staffing represents a major cost center and management complexity.

Wages as a Percentage of Revenue

22.2%

For the average industrial mold manufacturing business generating $6.7M/year with 22 employees at $67,191 each, total payroll represents roughly 22.2% 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 industrial mold manufacturingbusiness, here's what the wage data means for your bottom line:

  • Per-employee cost: Budget approximately $87,348/year per employee (salary + ~30% for benefits, taxes, and insurance).
  • Typical team size: 22 employees = ~$1,478,202/year in base payroll.
  • Hourly equivalent: $32.30/hour base — factor this into pricing and project estimates.
  • Revenue needed: With average revenue of $6.7M/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 Industrial Mold Manufacturing revenue benchmarks →

Frequently Asked Questions

How much do industrial mold manufacturing employees make?
The average industrial mold manufacturing employee earns $67,191 per year, which is equivalent to $32.30/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 industrial mold manufacturing industry?
The industrial mold manufacturing industry employs 33,125 workers across 1,504 establishments in the United States. The average business in this industry has approximately 22 employees.

Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).