As of March 01, 2025, the average annual salary for a Tool Design Engineer IV in the United States is $130,887. According to Salary.com, salaries can range from a low of $102,283 to a high of $164,028, with most professionals earning between $115,915 and $148,234.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $148,234 | $12,353 | $2,851 | $71 |
| Average | $130,887 | $10,907 | $2,517 | $63 |
| 25th Percentile | $115,915 | $9,660 | $2,229 | $56 |
An entry-level Tool Design Engineer IV with less than 1 year of experience earns about $121,569. With 1-2 years of experience, the average salary increases to $122,672. For 2-4 years of experience, the pay typically rises to $124,438. Senior-level professionals with 5-8 years of experience earn around $129,293, and those with over 8 years of experience can expect an average of $136,199.
| Levels | Salary |
|---|---|
| Entry Level Tool Design Engineer IV | $121,569 |
| Intermediate Level Tool Design Engineer IV | $122,672 |
| Senior Level Tool Design Engineer IV | $124,438 |
| Specialist Level Tool Design Engineer IV | $129,293 |
| Expert Level Tool Design Engineer IV | $136,199 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 1% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Tool Design Engineer IV compensation over the past six years. For example, the median salary increased from $122,139 in 2023 to approximately $121,655 in 2024. (For a detailed analysis of Tool Design Engineer IV salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Tool Design Engineer IV information for you to search for. Click on search button below to see Tool Design Engineer IV job openings or enter a new job title here.
Here are companies hiring for Tool Design Engineer IV and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $130,887 | 68.4% | ||
| Bonus | $8,248 | 4.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $10,644 | 5.6% | ||
| 401K/403B | $5,844 | 3.1% | ||
| Disability | $2,783 | 1.5% | ||
| Healthcare | $8,352 | 4.4% | ||
| Pension | $7,513 | 3.9% | ||
| Time Off | $17,124 | 8.9% | ||
| Total Compensation | $191,394 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 18.2% |
| Associates | 36.4% |
| Bachelors | 45.5% |
What Am I Worth?
The average annual salary of Tool Design Engineer IV is $130,887. In case you are finding an easy salary calculator, the average hourly pay of Tool Design Engineer IV is $63; the average weekly pay of Tool Design Engineer IV is $2,517; the average monthly pay of Tool Design Engineer IV is $10,907.
A Tool Design Engineer IV'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 Tool Design Engineer IV earns the most in San Jose, CA, where the annual salary of a Tool Design Engineer IV is $164,263.
The highest pay for Tool Design Engineer IV is $164,028.
The lowest pay for Tool Design Engineer IV is $102,283.
Tool Design Engineer IV designs and develops tools and machinery used to facilitate and optimize manufacturing processes. Reviews product design and build requirements to determine tooling concepts, design options, testing plans, and specifications. Being a Tool Design Engineer IV develops designs for fixtures, jigs, gauges, cutting and forming tools, carts, racks, and other items to support production. Utilizes Computer-Aided Design (CAD) to create accurate, complete, and concise design models and documentation to fabricate tools. Additionally, Tool Design Engineer IV estimates costs, resource requirements, and materials required for tools. May manage the sourcing, quoting, or procurement of purchased tools. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Tool Design Engineer IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Tool Design Engineer IV typically requires 7+ years of related experience.
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Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
