Algorithm and Simulation Engineer V Salary in Illinois

How much does an Algorithm and Simulation Engineer V make in Illinois?

As of January 01, 2026, the average salary for an Algorithm and Simulation Engineer V in Illinois is $177,277 per year, which breaks down to an hourly rate of $85.

However, an Algorithm and Simulation Engineer V's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $194,201
  • Majority Range (25th-75th percentile): $169,923 to $186,135
  • Entry-Level (10th percentile): $163,229
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View as table View as graph 25% $169,923 10% $163,229 90% $194,201 75% $186,135 $177,277 50%(Median) Didn’t find job title? Click

Algorithm and Simulation Engineer V Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $186,135 $15,511 $3,580 $89
Average $177,277 $14,773 $3,409 $85
25th Percentile $169,923 $14,160 $3,268 $82
Check out Algorithm and Simulation Engineer V Job Openings in Illinois
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Caterpillar Financial Services Corporation - Champaign, IL

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Key Factors That Influence Algorithm and Simulation Engineer V Salaries

An Algorithm and Simulation 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.

How Experience Level Affects Algorithm and Simulation Engineer Salaries?

Experience is a primary driver of an Algorithm and Simulation 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:

  • Algorithm and Simulation Engineer I (0-2 years): $79,884
  • Algorithm and Simulation Engineer II (2-4 years): $95,587
  • Algorithm and Simulation Engineer III (4-7 years): $120,944
  • Algorithm and Simulation Engineer IV (7+ years): $147,347
  • Algorithm and Simulation Engineer V (7-10 years): $177,277
Job Role Years of Experience Average Salary
Algorithm and Simulation Engineer I0-2 years$79,884
Algorithm and Simulation Engineer II2-4 years$95,587
Algorithm and Simulation Engineer III4-7 years$120,944
Algorithm and Simulation Engineer IV7+ years$147,347
Algorithm and Simulation Engineer V7-10 years$177,277
$79,884 Algorithm...
$95,587 Algorithm...
$120,944 Algorithm...
$147,347 Algorithm...
$177,277 Algorithm...
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What Am I Worth?

Top Paying Cities for Algorithm and Simulation Engineer Vs

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:

  • Effingham: $155,815
  • Saint Peter: $162,615
  • Salem: $166,650

Algorithm and Simulation Engineer V Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Algorithm and Simulation 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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on January 01, 2026
$169,923
Average $177,277/year
$186,135
$14,160
Average $14,773/month
$15,511
$3,268
Average $3,409/week
$3,580
$82
Average $85/hour
$89
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $186,135 $15,511 $3,580 $89
Average $177,277 $14,773 $3,409 $85
25th Percentile $169,923 $14,160 $3,268 $82

Salaries of jobs related to Algorithm and Simulation Engineer V

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Cost of Living in Illinois is
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