As of July 01, 2026, the average hourly rate for a Product Design Engineer IV in the United States is $66, which translates to an annual salary of about $136,711.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A Product Design Engineer IV'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 IV'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 II | 2-4 years | $89,570 |
| Product Design Engineer III | 4-7 years | $111,963 |
| Product Design Engineer IV | 7+ years | $136,711 |
| Product Design Engineer V | 7-10 years | $160,160 |
| Product Design Manager | 10+ years | $146,591 |
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 IVs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 8.25% |
| Manufacturing Processes | 2.06% |
| Casting | 1.03% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Design of Experiments
|
$154,483 |
13%
|
|
Process Management
|
$149,015 |
9%
|
|
Interface Design
|
$147,648 |
8%
|
|
Research Design
|
$146,281 |
7%
|
|
Facilitation
|
$146,281 |
7%
|
|
Prototyping
|
$144,914 |
6%
|
Product Design Engineer IV salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $152,910. While startup companies pay approximate $129,316.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $129,316 |
| Growth Stage | 51~500 | $136,772 |
| Established | 501~5000 | $147,664 |
| Enterprise | 5000+ | $152,910 |
For Product Design Engineer IV roles, the industry you choose can affect earning potential by as much as 46% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Aerospace & Defense sectors offer the strongest compensation, at 18% above the average. In contrast, Product Design Engineer positions in Transportation or Internet typically offer lower base pay, as these industries often view Product Design Engineer IV as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $161,319 | $78.0 | 18% |
| Aerospace & Defense | $157,218 | $76.0 | 15% |
| Business Services | $157,218 | $76.0 | 15% |
| Biotechnology | $150,382 | $72.0 | 10% |
| Media | $150,382 | $72.0 | 10% |
Your level of education can impact your salary potential. While many Product Design Engineer IVs enter the field with a Bachelor'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 Product Design Engineer IV with a Bachelor's Degree is between $136,049 and $143,102).
Product Design Engineer IV Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.7% |
| High School | 3.7% |
| Associates | 8.2% |
| Bachelors | 41.6% |
| Masters | 36.2% |
| Doctorate | 9.6% |
Understanding how a Product Design Engineer IV'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, 2026Salaries for a Product Design Engineer IV can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $139,278 in 2023 to around $138,680 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Product Design Engineer IV salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $139,278 |
| 2024 | $140,490 |
| 2025 | $138,680 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Insurance industry offers the highest average compensation for Product Design Engineer IV roles, with salaries approximately 18% above the market median.
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 manager or head of a unit/department. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Manufacturing Processes: Applying manufacturing methods, technologies and processes to execute, plan, manage and monitor the entire manufacturing process.
Casting: Casting is a manufacturing process in which a liquid material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. It is used for making complex shapes that would be otherwise difficult.
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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