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As of August 01, 2026, the average salary for a Hardware Development Engineer V in Wisconsin is $161,190 per year, which breaks down to an hourly rate of $77.
However, a Hardware Development Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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Hardware Development Engineer V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $169,290 | $14,108 | $3,256 | $81 |
| Average | $161,190 | $13,433 | $3,100 | $77 |
| 25th Percentile | $152,690 | $12,724 | $2,936 | $73 |
Default - Superior, WI
Glenroy, Inc - Menomonee Falls, WI
Yahara Software - Madison, WI
Rapido Talent - Milwaukee, WI
A Hardware Development Engineer V'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 Development Engineer V'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 III | 4-7 years | $112,417 |
| Hardware Design Engineer - Specialist | 7+ years | $136,535 |
| Hardware Development Engineer V | 7-10 years | $161,172 |
| Hardware Development Engineer VI | 10-12 years | $192,620 |
| Hardware Design Engineering Supervisor | 12+ years | $125,721 |
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 Development Engineer Vs. 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 Development Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $180,443. While startup companies pay approximate $152,650.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $152,650 |
| Growth Stage | 51~500 | $161,446 |
| Established | 501~5000 | $174,250 |
| Enterprise | 5000+ | $180,443 |
For Hardware Development Engineer V 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 Biotechnology and Software & Networking sectors offer the strongest compensation, at 20% above the average. In contrast, Hardware Development Engineer positions in Edu., Gov't. & Nonprofit or Hospitality & Leisure typically offer lower base pay, as these industries often view Hardware Development Engineer V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $193,428 | $93.0 | 20% |
| Software & Networking | $193,428 | $93.0 | 20% |
| Energy & Utilities | $185,368 | $89.0 | 15% |
| Chemicals | $177,309 | $85.0 | 10% |
| Insurance | $177,309 | $85.0 | 10% |
Understanding how a Hardware Development Engineer V'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 | $169,290 | $14,108 | $3,256 | $81 |
| Average | $161,190 | $13,433 | $3,100 | $77 |
| 25th Percentile | $152,690 | $12,724 | $2,936 | $73 |
For a Hardware Development Engineer V, the most direct path to higher earnings is advancing to the Hardware Development Engineer VI role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $192,700 - a projected growth of 20% over your current level.
Ready to take the next step in your career? Browse thousands of current Hardware Development Engineer V job openings on our job board. Use the search bar below to find your perfect match.
Rapido Talent
Cudahy, WI
Rapido Talent | Cudahy, WI
At a Glance Company: Rapido Talent (Confidential Manufacturing Client) Location: Delavan, Wisconsin (On-site) Job Type: Full-Time Salary: $90,000–$120,000 ... more
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Thermo Fisher Scientific
Madison, WI
Thermo Fisher Scientific | Madison, WI
This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. P... more
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Johnson Health Tech Companies
Cottage Grove, WI
Johnson Health Tech Companies | Cottage Grove, WI
Job Description. Job Description. Description. Lead the Development of Innovative Fitness Products. Are you passionate about engineering, product developme... more
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Cottage Grove, WI
Johnson Health Tech Companies | Cottage Grove, WI
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Logistic Services Int.
JACKSONVILLE, FL
Logistic Services Int. | JACKSONVILLE, FL
Req ID: 542 Job Title: HARDWARE TECHNICIAN II Location: Jacksonville, FL, US 32221 Job Type: Full-Time Education: High School Diploma / GED Travel: Up to 1... more
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L3Harris Technologies
MELBOURNE, FL
L3Harris Technologies | MELBOURNE, FL
L3Harris in Palm Bay, Florida currently has an opening for a Digital Hardware Engineer. In this role, you will develop digital circuits for data acquisitio... more
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