Precision Turned Product Manufacturing — Average Employee Salary
The average employee in the precision turned product manufacturing industry earns $65,670 per year ($31.57/hour), according to Bureau of Labor Statistics QCEW data.
What Do Precision Turned Product Manufacturing Workers Earn?
At $65,670/year (equivalent to $31.57/hour for a full-time worker), precision turned product manufacturing wages are near the national average of ~$65,000.
The typical precision turned product manufacturing business employs 26 people. These are larger operations where staffing represents a major cost center and management complexity.
Wages as a Percentage of Revenue
For the average precision turned product manufacturing business generating $7.0M/year with 26 employees at $65,670 each, total payroll represents roughly 24.3% 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 precision turned product manufacturingbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $85,371/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 26 employees = ~$1,707,420/year in base payroll.
- Hourly equivalent: $31.57/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $7.0M/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 Precision Turned Product Manufacturing revenue benchmarks →Frequently Asked Questions
- How much do precision turned product manufacturing employees make?
- The average precision turned product manufacturing employee earns $65,670 per year, which is equivalent to $31.57/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 precision turned product manufacturing industry?
- The precision turned product manufacturing industry employs 39,169 workers across 1,483 establishments in the United States. The average business in this industry has approximately 26 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).