As of July 01, 2026, the average salary for a Product Design Engineer III in Rhode Island is $116,083 per year, which breaks down to an hourly rate of $56.
However, a Product Design Engineer III's salary can vary significantly. Here’s a look at the typical salary range:
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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, 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 | $81,866 |
| Product Design Engineer II | 2-4 years | $92,866 |
| Product Design Engineer III | 4-7 years | $116,083 |
| Product Design Engineer IV | 7+ years | $141,742 |
| Product Design Engineer V | 7-10 years | $166,054 |
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 Product Design Engineer IIIs. For example, consider the average annual salaries in these key locations:
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 $129,838. While startup companies pay approximate $109,804.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $109,804 |
| Growth Stage | 51~500 | $116,135 |
| Established | 501~5000 | $125,384 |
| Enterprise | 5000+ | $129,838 |
For Product Design Engineer III roles, the industry you choose can affect earning potential by as much as 180% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and MFG Nondurable sectors offer the strongest compensation, at 90% above the average. In contrast, Product Design Engineer positions in Hospitality & Leisure or Pharmaceuticals typically offer lower base pay, as these industries often view Product Design Engineer III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $220,558 | $106.0 | 90% |
| MFG Nondurable | $208,950 | $100.0 | 80% |
| Construction | $197,342 | $95.0 | 70% |
| Media | $185,733 | $89.0 | 60% |
| Aerospace & Defense | $174,125 | $84.0 | 50% |
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.
Last Updated on July 01, 2026For 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 $141,742 - a projected growth of 22% over your current level.
Ready to take the next step in your career? Browse thousands of current Product Design Engineer III job openings on our job board. Use the search bar below to find your perfect match.
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