As of April 01, 2026, the average salary for a Product Design Engineer V in the United States is $160,173 per year, which breaks down to an hourly rate of $77.
However, a Product Design Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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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.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Product Design Engineer III | 4-7 years | $111,957 |
| Product Design Engineer IV | 7+ years | $136,707 |
| Product Design Engineer V | 7-10 years | $160,173 |
| Product Design Manager | 10+ years | $146,596 |
| Product Design Senior Manager | 10+ years | $183,430 |
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 Vs. 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 |
|---|---|---|
|
Injection Molding
|
$179,394 |
12%
|
|
CNC
|
$174,589 |
9%
|
|
Effective Communication
|
$172,987 |
8%
|
|
Process Development
|
$169,783 |
6%
|
|
Design of Experiments
|
$169,783 |
6%
|
|
Collaboration
|
$168,182 |
5%
|
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.
Last Updated on April 01, 2026For a Product Design Engineer V, the most direct path to higher earnings is advancing to the Product Design Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $146,596 - a projected growth of -8% over your current level.
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, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $163,830 |
| 2024 | $163,531 |
| 2025 | $162,125 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Product Design Engineer V'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 V earns the most in San Jose, CA, where the annual salary of a Product Design Engineer V is $202,026.
The highest pay for Product Design Engineer V is $180,959.
The lowest pay for Product Design Engineer V is $144,347.
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.
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