As of August 01, 2026, the average salary for a Product Design Engineer III in the United States is $111,965 per year, which breaks down to an hourly rate of $54.
However, a Product Design Engineer III's salary can vary significantly. Here’s a look at the typical salary range:
Product Design Engineer III Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $124,475 | $10,373 | $2,394 | $60 |
| Average | $111,965 | $9,330 | $2,153 | $54 |
| 25th Percentile | $103,270 | $8,606 | $1,986 | $50 |
A Product 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.
Experience is a primary driver of a Product 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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Product Design Engineer I | 0-2 years | $78,961 |
| Product Design Engineer II | 2-4 years | $89,568 |
| Product Design Engineer III | 4-7 years | $111,965 |
| Product Design Engineer IV | 7+ years | $136,712 |
| Product Design Engineer V | 7-10 years | $160,156 |
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 18.12% |
| Continuous Improvement | 0.72% |
| Brand Design | 0.41% |
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 Product Design Engineer III's salary.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Floor Care | $126,520 | |
| Square | $118,683 | |
| Customer Relationship | $117,563 |
Product 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 $125,338. While startup companies pay approximate $106,033.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $106,033 |
| Growth Stage | 51~500 | $112,143 |
| Established | 501~5000 | $121,036 |
| Enterprise | 5000+ | $125,338 |
Your level of education can impact your salary potential. While many Product Design Engineer III enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Product Design Engineer III with a Bachelor's Degree is between $111,542 and $117,566.
| Typical Education for Product Design Engineer III | |
|---|---|
| Degree Level | % of user with this level of education |
| No Diploma | 0.4% |
| High School | 3.3% |
| Associates | 7.2% |
| Bachelors | 48.7% |
| Masters | 35.1% |
| Doctorate | 5.4% |
Understanding how a Product 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $124,475 | $10,373 | $2,394 | $60 |
| Average | $111,965 | $9,330 | $2,153 | $54 |
| 25th Percentile | $103,270 | $8,606 | $1,986 | $50 |
Next Role
Advancement
For a Product Design Engineer III, the most direct path to higher earnings is advancing to the Product Design Engineer IV role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $136,712 - a projected growth of 22% over your current level.
Salaries for a Product Design Engineer III can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $121,126 in 2023 to around $119,873 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Product Design Engineer III salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $121,126 |
| 2024 | $121,234 |
| 2025 | $119,873 |
| 2026 |
View More
|
| 2027 |
View More
|
Analyze the market and your qualifications to negotiate your salary with confidence.
Search thousands of open positions to find your next opportunity.
Individualize employee pay based on unique job requirements and personal qualifications.
Get the latest market price for benchmark jobs and jobs in your industry.
A Product Design Engineer III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Product Design Engineer III earns the most in San Jose, CA, where the annual salary of a Product Design Engineer III is $141,221.
The highest pay for Product Design Engineer III is $135,865.
The lowest pay for Product Design Engineer III is $95,354.
Designs, develops, and enhances new and existing products/product lines. Evaluates and recommends specifications and ensures products meet the technical and functional requirements. Recommends and follows reliable, efficient, and cost-effective procedures. Performs feasibility, functional, and quality testing of designs. Works with other members of the engineering staff to ensure project milestones are met and that projects are completed according to established timelines. Requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience.
The Healthcare industry offers the highest average compensation for Product Design Engineer III roles, with salaries approximately 90% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers: