As of August 01, 2026, the average salary for an Electrical Design Engineer III in Luverne, MN is $112,190 per year, which breaks down to an hourly rate of $54.
However, an Electrical Design Engineer III's salary can vary significantly. Here’s a look at the typical salary range:
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An Electrical Design Engineer III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills, and company size can directly affect your earning potential.
Experience is a primary driver of an Electrical Design Engineer III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| EE I | 0-2 years | $76,089 |
| EE II | 2-4 years | $92,230 |
| Electrical Design Engineer III | 4-7 years | $112,184 |
| EE IV | 7+ years | $133,577 |
| EE V | 7-10 years | $154,960 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 7.98% |
| Installation | 2.94% |
| CAD | 1.59% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Prototyping
|
$116,678 |
4%
|
|
Circuit Design
|
$115,556 |
3%
|
|
PCB Design
|
$115,556 |
3%
|
|
Product Development
|
$115,556 |
3%
|
|
Consulting
|
$114,434 |
2%
|
|
Collaboration
|
$114,434 |
2%
|
Electrical Design Engineer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $125,590. While startup companies pay approximate $106,246.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $106,246 |
| Growth Stage | 51~500 | $112,368 |
| Established | 501~5000 | $121,280 |
| Enterprise | 5000+ | $125,590 |
For Electrical Design Engineer III roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Healthcare sectors offer the strongest compensation, at 20% above the average. In contrast, Electrical Design Engineer positions in Hospitality & Leisure or MFG Nondurable typically offer lower base pay, as these industries often view Electrical Design Engineer III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $134,628 | $65.0 | 20% |
| Healthcare | $129,018 | $62.0 | 15% |
| Biotechnology | $123,409 | $59.0 | 10% |
| Insurance | $123,409 | $59.0 | 10% |
| Pharmaceuticals | $123,409 | $59.0 | 10% |
Understanding how an Electrical Design Engineer III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Promotions are the fastest way to increase your earnings. As an Electrical Design Engineer III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Digital Signal Processing Engineer IV | $136,700 | 22% |
| EE IV | $133,600 | 19% |
| Electronics Design Engineer IV | $133,600 | 19% |
| RF Engineer IV | $133,600 | 19% |
Ready to take the next step in your career? Browse thousands of current Electrical Design Engineer III job openings on our job board. Use the search bar below to find your perfect match.
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