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Hourly Wage for Product Design Engineer V Salary in the United States

What is the hourly salary range of Product Design Engineer V?

As of July 01, 2026, the average hourly rate for a Product Design Engineer V in the United States is $77, which translates to an annual salary of about $160,160.

However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:

  • Top Earners (90th percentile): $87 per hour
  • Majority Range (25th-75th percentile): $73 to $82 per hour
  • Entry-Level (10th percentile): $69 per hour
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Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
View as table View as graph 25% $73 10% $69 90% $87 75% $82 $77 50%(Median) Didn’t find job title? Click

Product Design Engineer V Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $170,994 $14,250 $3,288 $82
Average $160,160 $13,347 $3,080 $77
25th Percentile $151,885 $12,657 $2,921 $73
Check out Product Design Engineer V Job Openings in the United States
Senior Engineer Planning Design&amp Construction

University of Cincinnati - Mt Auburn, OH

Head of Product Design

Confidential - Columbus, OH

TOOL DESIGN ENGINEER

Hi-Tek Manufacturing Inc - Mason, OH

Design Engineer III

ACO, Inc. - Mentor, OH

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Key Factors That Influence Product Design Engineer V Salaries

A Product Design 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 Product Design Engineer Salaries?

Experience is a primary driver of a Product Design 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:

  • 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
  • Product Design Senior Manager (10+ years): $183,442
Job Role Years of Experience Average Salary
Product Design Engineer III4-7 years$111,963
Product Design Engineer IV7+ years$136,711
Product Design Engineer V7-10 years$160,160
Product Design Manager10+ years$146,591
Product Design Senior Manager10+ years$183,442
$111,963 Product D...
$136,711 Product D...
$160,160 Product D...
$146,591 Product D...
$183,442 Product D...
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What Am I Worth?

Top Paying Cities for Product Design 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:

  • San Jose: $202,010
  • San Francisco: $199,798
  • Oakland: $195,587

What Skills Can Increase a Product Design Engineer V's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 8.25% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Manufacturing Processes (Mentioned in 2.06% Job Postings): Applying manufacturing methods, technologies and processes to execute, plan, manage and monitor the entire manufacturing process.
  • Casting (Mentioned in 1.03% Job Postings): 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.
See More Skills
Skills Demand Percentage
Analysis 8.25%
Manufacturing Processes 2.06%
Casting 1.03%
What skills can make your compensation higher?
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 V's salary.
  • Injection Molding: Can increase your salary by up to 12%.
  • CNC: Can increase your salary by up to 9%.
  • Effective Communication: Can increase your salary by up to 8%.
Skill Salary Salary % Increase
Injection Molding
 $179,379
12%
CNC
 $174,574
9%
Effective Communication
 $172,973
8%
Process Development
 $169,770
6%
Design of Experiments
 $169,770
6%
Collaboration
 $168,168
5%
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Product Design Engineer V Salary by Company Size: Startups vs. Enterprise

Product Design Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $179,138. While startup companies pay approximate $151,497.

Product Design Engineer V Salary by Company Size

Company Size Employees Average Salary
Startup1~50$151,497
Growth Stage51~500$160,232
Established501~5000$172,992
Enterprise5000+$179,138

Product Design Engineer V Salary by Industry: Top Paying Sectors

For Product Design Engineer V roles, the industry you choose can affect earning potential by as much as 47% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Financial Services sectors offer the strongest compensation, at 25% above the average. In contrast, Product Design Engineer positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Product Design Engineer V as a support function rather than a direct revenue driver.

The top paying industries for a Product Design Engineer V

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Biotechnology$200,200$96.025%
Financial Services$184,184$89.015%
Software & Networking$184,184$89.015%
Pharmaceuticals$176,176$85.010%
Telecom$171,371$82.07%

Product Design Engineer V Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Product Design 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 July 01, 2026
$151,885
Average $160,160/year
$170,994
$12,657
Average $13,347/month
$14,250
$2,921
Average $3,080/week
$3,288
$73
Average $77/hour
$82
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $170,994 $14,250 $3,288 $82
Average $160,160 $13,347 $3,080 $77
25th Percentile $151,885 $12,657 $2,921 $73

Salaries of jobs related to Product Design Engineer V

Salary Trends for Product Design Engineer V

Salaries for a Product Design Engineer V can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $163,830 in 2023 to around $162,125 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Product Design Engineer V salary trends, .

Average Annual Salary of Product Design Engineer V Over Time

2022
$???
2023
$163,830
2024
$163,531
2025
$162,125
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $163,830
2024 $163,531
2025 $162,125
2026
View More
2027
View More

Most common benefits for Product Design Engineer V

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Product Design Engineer V

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FAQ about Product Design Engineer V

1. What industry pays the highest salary for Product Design Engineer V?

The Biotechnology industry offers the highest average compensation for Product Design Engineer V roles, with salaries approximately 25% above the market median.

2. What are the responsibilities of Product Design Engineer V?

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. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience.

3. What are the skills of Product Design Engineer V

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.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

Manufacturing Processes: Applying manufacturing methods, technologies and processes to execute, plan, manage and monitor the entire manufacturing process.

3.)

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.

Where Does Our Salary Data Come From?

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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