Earnings
The median hourly wage for precision machinists was $21.35 (or $44,420 annually) in May 2019, according to the U.S. Department of Labor. The lowest 10 percent made $13.43 an hour (or $27,940 annually), and the highest 10 percent earned $32.02 per hour (or $66,610 annually). Salaries vary by industry. For example, machinists working in the natural gas distribution industry earned an average $94,180 annually, while those working in petroleum and coal products manufacturing averaged $67,440 annually.
Benefits usually include paid holidays and vacations; life, medical, and accident insurance; and retirement plans.
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