As of July 01, 2026, the average salary for an Industrial Engineer III in Tennessee is $104,781 per year, which breaks down to an hourly rate of $50.
However, an Industrial Engineer III's salary can vary significantly. Here’s a look at the typical salary range:
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Industrial Engineer III Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $114,903 | $9,575 | $2,210 | $55 |
| Average | $104,781 | $8,732 | $2,015 | $50 |
| 25th Percentile | $95,558 | $7,963 | $1,838 | $46 |
First Horizon Bank - Memphis, TN
First Horizon Bank - Hickory Hill, TN
Carrier Global - Memphis, TN
OTC Industrial Technologies (Ohio Transmission Corporation) - Alcoa, TN
An Industrial 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, and company size can directly affect your earning potential.
Experience is a primary driver of an Industrial 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 |
|---|---|---|
| Industrial Engineer I | 0-2 years | $72,529 |
| Industrial Engineer II | 2-4 years | $89,453 |
| Industrial Engineer III | 4-7 years | $104,781 |
| Industrial Engineer IV | 7+ years | $117,116 |
| Industrial Engineer V | 7-10 years | $137,936 |
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 Industrial Engineer IIIs. 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:
Industrial Engineer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $117,196. While startup companies pay approximate $99,113.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $99,113 |
| Growth Stage | 51~500 | $104,828 |
| Established | 501~5000 | $113,176 |
| Enterprise | 5000+ | $117,196 |
For Industrial Engineer III roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 10% above the average. In contrast, Industrial Engineer positions in Transportation or Telecom typically offer lower base pay, as these industries often view Industrial Engineer III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $115,259 | $55.0 | 10% |
| Biotechnology | $115,259 | $55.0 | 10% |
| Business Services | $115,259 | $55.0 | 10% |
| Chemicals | $115,259 | $55.0 | 10% |
| Energy & Utilities | $115,259 | $55.0 | 10% |
Understanding how an Industrial 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 | $114,903 | $9,575 | $2,210 | $55 |
| Average | $104,781 | $8,732 | $2,015 | $50 |
| 25th Percentile | $95,558 | $7,963 | $1,838 | $46 |
Promotions are the fastest way to increase your earnings. As an Industrial Engineer III, 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 |
|---|---|---|
| Commissioning Engineer IV | $111,148 | 6% |
| Industrial Engineer IV | $117,116 | 12% |
Ready to take the next step in your career? Browse thousands of current Industrial Engineer III job openings on our job board. Use the search bar below to find your perfect match.
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