Earnings
The median hourly wage for precision machinists was $24.44 (or $50,840 annually) in May 2023, according to the U.S. Department of Labor. The lowest 10 percent made $17.64 an hour (or $36,690 annually), and the highest 10 percent earned $36.45 per hour (or $75,820 annually). Salaries vary by industry. For example, machinists working in the natural gas distribution industry earned an average of $82,180 annually, while those working in petroleum and coal products manufacturing averaged $102,560 annually.
Benefits usually include paid holidays and vacations; life, medical, and accident insurance; and retirement plans.
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