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As of August 01, 2026, the average salary for a Manufacturing Product Engineer V in Illinois is $163,500 per year, which breaks down to an hourly rate of $79.
However, a Manufacturing Product Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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Manufacturing Product Engineer V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $171,500 | $14,292 | $3,298 | $82 |
| Average | $163,500 | $13,625 | $3,144 | $79 |
| 25th Percentile | $155,200 | $12,933 | $2,985 | $75 |
Vactor Manufacturing - Streator, IL
L2x Talent Solutions - Downers Grove, IL
Hennig - Machesney Park, IL
FIC AMERICA CORP. - Carol Stream, IL
A Manufacturing Product 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 Manufacturing Product 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 |
|---|---|---|
| Manufacturing Product Engineer III | 4-7 years | $111,369 |
| Manufacturing Product Engineer IV | 7+ years | $134,134 |
| Manufacturing Product Engineer V | 7-10 years | $163,423 |
| Manufacturing Product Engineering Supervisor | 10+ years | $127,795 |
| Manufacturing Product Engineering Manager | 10+ years | $141,568 |
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 Manufacturing Product 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:
Manufacturing Product Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $183,029. While startup companies pay approximate $154,838.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $154,838 |
| Growth Stage | 51~500 | $163,760 |
| Established | 501~5000 | $176,747 |
| Enterprise | 5000+ | $183,029 |
For Manufacturing Product Engineer V roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Pharmaceuticals sectors offer the strongest compensation, at 25% above the average. In contrast, Manufacturing Product Engineer positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Manufacturing Product Engineer V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $204,375 | $98.0 | 25% |
| Pharmaceuticals | $188,025 | $90.0 | 15% |
| Chemicals | $179,850 | $86.0 | 10% |
| Financial Services | $179,850 | $86.0 | 10% |
| Insurance | $179,850 | $86.0 | 10% |
Understanding how a Manufacturing Product 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 | $171,500 | $14,292 | $3,298 | $82 |
| Average | $163,500 | $13,625 | $3,144 | $79 |
| 25th Percentile | $155,200 | $12,933 | $2,985 | $75 |
Promotions are the fastest way to increase your earnings. As a Manufacturing Product Engineer V, 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 |
|---|---|---|
| Manufacturing Product Engineering Supervisor | $127,800 | -22% |
| Advisor Mechanical Engineer | $192,700 | 18% |
Ready to take the next step in your career? Browse thousands of current Manufacturing Product Engineer V job openings on our job board. Use the search bar below to find your perfect match.
HotRun Inc.
Chicago, IL
HotRun Inc. | Chicago, IL
Job Description. Job Description. As the Manufacturing Engineer / Production Engineer you would be the go to in ensuring the needs of manufacturing, mainte... more
5 Days Ago
Sterling Engineering Inc.
Elgin, IL
Sterling Engineering Inc. | Elgin, IL
Job Description. Job Description. Title. Manufacturing Engineer. Location. Elgin, IL. Hire Type. Direct Hire. Salary. $80K-$95K/YR. Benefits. Medical, Dent... more
5 Days Ago
Kaney, Inc
Rockford, IL
Kaney, Inc | Rockford, IL
Job Description. Job Description. Description. The Manufacturing Engineer provides a high level of expertise to support and improve the manufacture of both... more
6 Days Ago
Knapheide Manufacturing
Quincy, IL
Knapheide Manufacturing | Quincy, IL
Job Description. Job Description. Position Overview:Support assembly operations with the necessary tooling and processes in an efficient and timely manner.... more
6 Days Ago
Signode
Roselle, IL
Signode | Roselle, IL
Job Description. Job Description. Company Description. With over $2B in revenue, 80+ manufacturing facilities across 6 continents and over 9,000 employees ... more
6 Days Ago
Burgess Norton Mfg Co
Geneva, IL
Burgess Norton Mfg Co | Geneva, IL
Job Description. Job Description. ABOUT THE ROLE. Amsted Automotive, Powder Metal Division, is looking for Manufacturing Engineer who will be responsible t... more
7 Days Ago
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