As of August 01, 2026, the average salary for a Packaging Development Engineer V in Olean, NY is $158,790 per year, which breaks down to an hourly rate of $76.
However, a Packaging Development Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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A Packaging 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, skills, and company size can directly affect your earning potential.
Experience is a primary driver of a Packaging 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 |
|---|---|---|
| Packaging Development Engineer III | 4-7 years | $102,691 |
| Packaging Development Engineer IV | 7+ years | $126,567 |
| Packaging Development Engineer V | 7-10 years | $158,753 |
| Packaging R&D Engineering Manager | 10+ years | $135,495 |
| Packaging Development Engineering Senior Manager | 10+ years | $172,528 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Project Management | 2.34% |
| Product Development | 1.3% |
| Lean | 0.78% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Verbal Communication
|
$222,306 |
40%
|
|
Research and Development
|
$188,960 |
19%
|
|
Coordination
|
$181,021 |
14%
|
|
Process Improvement
|
$174,669 |
10%
|
|
Teamwork
|
$171,493 |
8%
|
|
Integrity
|
$169,905 |
7%
|
Packaging 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 $177,756. While startup companies pay approximate $150,378.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $150,378 |
| Growth Stage | 51~500 | $159,042 |
| Established | 501~5000 | $171,655 |
| Enterprise | 5000+ | $177,756 |
For Packaging Development Engineer V roles, the industry you choose can affect earning potential by as much as 10% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 5% above the average. In contrast, Packaging Development Engineer positions in Transportation or Telecom typically offer lower base pay, as these industries often view Packaging Development Engineer V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $166,730 | $80.0 | 5% |
| Biotechnology | $166,730 | $80.0 | 5% |
| Business Services | $166,730 | $80.0 | 5% |
| Chemicals | $166,730 | $80.0 | 5% |
| Construction | $166,730 | $80.0 | 5% |
Understanding how a Packaging 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.
Last Updated on August 01, 2026For a Packaging Development Engineer V, the most direct path to higher earnings is advancing to the Packaging R&D Engineering Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $135,500 - a projected growth of -15% over your current level.
Ready to take the next step in your career? Browse thousands of current Packaging Development Engineer V job openings on our job board. Use the search bar below to find your perfect match.
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