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Hourly Wage for Tool Specifications/Design Engineer III Salary in the United States

What is the hourly salary range of Tool Specifications/Design Engineer III?

As of August 01, 2026, the average hourly rate for a Tool Specifications/Design Engineer III in the United States is $50, which translates to an annual salary of about $103,280.

However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:

  • Top Earners (90th percentile): $57 per hour
  • Majority Range (25th-75th percentile): $46 to $53 per hour
  • Entry-Level (10th percentile): $43 per hour
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View as table View as graph 25% $46 10% $43 90% $57 75% $53 $50 50%(Median) Didn’t find job title? Click

Tool Specifications/Design Engineer III Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $111,220 $9,268 $2,139 $53
Average $103,280 $8,607 $1,986 $50
25th Percentile $95,540 $7,962 $1,837 $46
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Key Factors That Influence Tool Specifications/Design Engineer III Salaries

A Tool Specifications/Design Engineer III'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, education, and company size can directly affect your earning potential.

How Experience Level Affects Tool Specifications/Design Engineer Salaries?

Experience is a primary driver of a Tool Specifications/Design Engineer III'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:

  • Entry Tool Design Engineer (0-2 years): $77,313
  • Intermediate Tool Design Engineer (2-4 years): $90,690
  • Tool Specifications/Design Engineer III (4-7 years): $103,273
  • Specialist Tool Design Engineer (7+ years): $125,222
  • Expert Tool Design Engineer (7-10 years): $147,635
Job Role Years of Experience Average Salary
Entry Tool Design Engineer0-2 years$77,313
Intermediate Tool Design Engineer2-4 years$90,690
Tool Specifications/Design Engineer III4-7 years$103,273
Specialist Tool Design Engineer7+ years$125,222
Expert Tool Design Engineer7-10 years$147,635
$77,313 Entry Too...
$90,690 Intermedi...
$103,273 Tool Spec...
$125,222 Specialis...
$147,635 Expert To...
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What Am I Worth?

How Do Tool Specifications/Design Engineer III Salaries Vary from State to State?

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 Tool Specifications/Design Engineer IIIs. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $114,350.
  • California: $113,920.
  • Massachusetts: $112,400.

Top Paying Cities for Tool Specifications/Design Engineer IIIs

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:

  • San Jose: $130,260
  • San Francisco: $128,840
  • Oakland: $126,120

What Skills Can Increase a Tool Specifications/Design Engineer III's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 7.61% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Architectural Drawing (Mentioned in 3.09% Job Postings): Architectural drawing or architect's drawing is a technical drawing of a building (or building project) that falls within the definition of architecture.
  • Work Ethic (Mentioned in 2.06% Job Postings): A belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. A set of values centered on importance of work and manifested by determination or desire to work hard.
See More Skills
Skills Demand Percentage
Analysis 7.61%
Architectural Drawing 3.09%
Work Ethic 2.06%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Tool Specifications/Design Engineer III's salary.
  • Customer Communications: Can increase your salary by up to 8%.
  • Strategic Planning: Can increase your salary by up to 8%.
  • Business Ethics: Can increase your salary by up to 6%.
Skill Salary Salary % Increase
Customer Communications
$111,542
8%
Strategic Planning
$111,542
8%
Business Ethics
$109,477
6%
Hard Working
$107,411
4%
Logistics
$106,378
3%
Organizing
$106,378
3%
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Tool Specifications/Design Engineer III Salary by Company Size: Startups vs. Enterprise

Tool Specifications/Design Engineer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $115,616. While startup companies pay approximate $97,808.

Tool Specifications/Design Engineer III Salary by Company Size

Company Size Employees Average Salary
Startup1~50$97,808
Growth Stage51~500$103,444
Established501~5000$111,648
Enterprise5000+$115,616

Tool Specifications/Design Engineer III Salary by Industry: Top Paying Sectors

For Tool Specifications/Design Engineer III roles, the industry you choose can affect earning potential by as much as 75% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 30% above the average. In contrast, Tool Specifications/Design Engineer positions in Transportation or Telecom typically offer lower base pay, as these industries often view Tool Specifications/Design Engineer III as a support function rather than a direct revenue driver.

The top paying industries for a Tool Specifications/Design Engineer III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$134,264$65.030%
Financial Services$129,100$62.025%
Biotechnology$123,936$60.020%
Pharmaceuticals$123,936$60.020%
Energy & Utilities$118,772$57.015%

How Education impacts a Tool Specifications/Design Engineer III's Salary?

Your level of education can impact your salary potential. While many Tool Specifications/Design Engineer IIIs enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Tool Specifications/Design Engineer III with a Associate's Degree is between $104,672 and $111,980).

Tool Specifications/Design Engineer III Salaries by Degree Level

Typical Education for Tool Specifications/Design Engineer III
Degree Level % of user with this level of education
No Diploma 7.7%
High School 23.1%
Associates 30.8%
Bachelors 30.8%
Masters 7.7%
Doctorate 0.0%
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Tool Specifications/Design Engineer III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Tool Specifications/Design Engineer III'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, 2026

Salary Trends for Tool Specifications/Design Engineer III

Salaries for a Tool Specifications/Design Engineer III can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $105,412 in 2023 to around $100,912 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Tool Specifications/Design Engineer III salary trends, .

Average Annual Salary of Tool Specifications/Design Engineer III Over Time

2022
$???
2023
$105,412
2024
$102,848
2025
$100,912
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $105,412
2024 $102,848
2025 $100,912
2026
View More
2027
View More

Most common benefits for Tool Specifications/Design Engineer III

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Tool Specifications/Design Engineer III

Here are companies hiring for Tool Specifications/Design Engineer III and their salaries, click below for more details.

Find Your Next Tool Specifications/Design Engineer III Job

Ready to take the next step in your career? Browse thousands of current Tool Specifications/Design Engineer III job openings on our job board. Use the search bar below to find your perfect match.

United States
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    CDL

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    Columbus, OH

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FAQ about Tool Specifications/Design Engineer III

1. What industry pays the highest salary for Tool Specifications/Design Engineer III?

The Software & Networking industry offers the highest average compensation for Tool Specifications/Design Engineer III roles, with salaries approximately 30% above the market median.

2. What degree do you need to be a tooling engineer?

To become a tooling engineer, a bachelor's degree in mechanical engineering or a related field is essential. The role involves designing new parts and refining existing tooling. Candidates should have professional experience in manufacturing and design, along with strong problem-solving and math skills. The salary for this position ranges from $98,290 to $123,420, with a midpoint of $112,190.

3. Is a Design Engineer in high demand?

Yes, Design Engineers are in high demand due to the growing need for innovative solutions in various industries. With a salary range from $98,290 to $123,420, and a median salary of $112,190, this role offers competitive compensation, reflecting the value placed on skilled professionals in design and engineering fields.

4. What is the salary of software Engineer III in Google USA?

The salary range for a Tool Specifications/Design Engineer in the USA is between $98,290 and $123,420, with a midpoint of $112,190. This range reflects the minimum and maximum target salaries for the position, which may vary based on experience and location. Additional compensation may include bonuses and benefits.

5. Which software engineer has highest salary in USA?

The salary data for Tool Specifications/Design Engineers indicates a minimum salary of $98,290, a mid-range salary of $112,190, and a maximum salary of $123,420. While other software engineering roles like DevOps and Data Scientists may offer competitive salaries, Tool Specifications/Design Engineers have a solid earning potential within this range.

6. How much does a tooling engineer earn in USA?

As of now, a Tool Specifications/Design Engineer in the United States earns between $98,290 and $123,420 annually, with a median salary of $112,190. This translates to approximately $47.24 to $59.40 per hour, or $1,895 to $2,500 per week, and $8,500 to $10,833 per month, depending on experience and location.

7. How much do tool design engineers make in the US?

Tool Specifications/Design Engineers in the US earn between $98,290 and $123,420 annually, with a median salary of $112,190. This translates to a monthly pay range of approximately $8,191 to $10,285, with the average salary being around $9,349.

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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