As of April 01, 2025, the average annual salary for a Hardware R&D Engineer V in Indiana is $157,393. According to Salary.com, salaries can range from a low of $139,989 to a high of $178,981, with most professionals earning between $148,283 and $168,693.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $168,693 | $14,058 | $3,244 | $81 |
| Average | $157,393 | $13,116 | $3,027 | $76 |
| 25th Percentile | $148,283 | $12,357 | $2,852 | $71 |
An entry-level Hardware R&D Engineer V with under 1 year experience makes about $153,736. With less than 2 years of experience, a mid-level Hardware R&D Engineer V makes around $154,416. After 2-4 years, the Hardware R&D Engineer V pay rises to about $155,096. Those senior Hardware R&D Engineer V with 5-8 years of experience earn roughly $156,048, and those Hardware R&D Engineer V having 8 years or more experience are expected to earn about $158,250 on average.
| Levels | Salary |
|---|---|
| Entry Level Hardware R&D Engineer V | $153,736 |
| Intermediate Level Hardware R&D Engineer V | $154,416 |
| Senior Level Hardware R&D Engineer V | $155,096 |
| Specialist Level Hardware R&D Engineer V | $156,048 |
| Expert Level Hardware R&D Engineer V | $158,250 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 5% |
| Experienced | 3% |
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Hardware R&D Engineer V salary varies from city to city. Compared with national average salary of Hardware R&D Engineer V, the highest Hardware R&D Engineer V salary is in San Francisco, CA, where the Hardware R&D Engineer V salary is 24.9% above. The lowest Hardware R&D Engineer V salary is in Miami, FL, where the Hardware R&D Engineer V salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $204,773 |
24.9%
|
| Washington, DC | $181,543 |
10.7%
|
| Miami, FL | $157,543 |
|
| Chicago, IL | $169,443 |
3.3%
|
| Boston, MA | $182,873 |
11.5%
|
| New York, NY | $190,023 |
15.9%
|
