As of July 01, 2026, the average salary for a Hardware Design Engineer IV in Illinois is $141,480 per year, which breaks down to an hourly rate of $68.
However, a Hardware Design Engineer IV's salary can vary significantly. Here’s a look at the typical salary range:
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Hardware Design Engineer IV Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $148,760 | $12,397 | $2,861 | $72 |
| Average | $141,480 | $11,790 | $2,721 | $68 |
| 25th Percentile | $132,720 | $11,060 | $2,552 | $64 |
FCA - PHILADELPHIA, PA
X Corp Solutions Inc - WASHINGTON, DC
Lincoln & Wenk PLLC - GOODYEAR, AZ
ACCEL - PHOENIX, AZ
A Hardware Design Engineer IV'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, and company size can directly affect your earning potential.
Experience is a primary driver of a Hardware Design Engineer IV'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 |
|---|---|---|
| Hardware Design Engineer II | 2-4 years | $100,459 |
| Hardware Design Engineer III | 4-7 years | $116,485 |
| Hardware Design Engineer IV | 7+ years | $141,477 |
| Hardware Design Engineer V | 7-10 years | $167,010 |
| Hardware Development Engineer VI | 10-12 years | $199,594 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Hardware Design Engineer IVs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Hardware Design Engineer IV salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $158,244. While startup companies pay approximate $133,827.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $133,827 |
| Growth Stage | 51~500 | $141,543 |
| Established | 501~5000 | $152,815 |
| Enterprise | 5000+ | $158,244 |
For Hardware Design Engineer IV roles, the industry you choose can affect earning potential by as much as 42% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Financial Services sectors offer the strongest compensation, at 18% above the average. In contrast, Hardware Design Engineer positions in Edu., Gov't. & Nonprofit or Hospitality & Leisure typically offer lower base pay, as these industries often view Hardware Design Engineer IV as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $166,946 | $80.0 | 18% |
| Financial Services | $166,946 | $80.0 | 18% |
| Pharmaceuticals | $166,946 | $80.0 | 18% |
| Software & Networking | $166,946 | $80.0 | 18% |
| Internet | $161,287 | $78.0 | 14% |
Understanding how a Hardware Design Engineer IV'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $148,760 | $12,397 | $2,861 | $72 |
| Average | $141,480 | $11,790 | $2,721 | $68 |
| 25th Percentile | $132,720 | $11,060 | $2,552 | $64 |
For a Hardware Design Engineer IV, the most direct path to higher earnings is advancing to the Hardware Design Engineer V role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $167,100 - a projected growth of 18% over your current level.
Ready to take the next step in your career? Browse thousands of current Hardware Design Engineer IV job openings on our job board. Use the search bar below to find your perfect match.
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