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Tool Design Engineer IV Salary in Elgin, Illinois

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Tool Design Engineer IV Salary in Elgin, IL

What is the highest and lowest pay for Tool Design Engineer IV?

As of December 01, 2024, the average annual pay of Tool Design Engineer IV in Elgin, IL is $134,093. While Salary.com is seeing that the highest pay for Tool Design Engineer IV in Elgin, IL can go up to $168,047 and the lowest down to $104,795, but most earn between $118,757 and $151,866. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Tool Design Engineer IV in the United States.

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Tool Design Engineer IV Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $147,157 $12,263 $2,830 $71
Average $129,935 $10,828 $2,499 $62
25th Percentile $115,075 $9,590 $2,213 $55
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Average Salary

25% $118,757 10% $104,795 90% $168,047 75% $151,866 $134,093 50%(Median) Didn’t find job title? Click
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View Tool Design Engineer IV Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Tool Design Engineer IV salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Tool Design Engineer IV hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$115,075
Average
$129,935/year
$147,157
$9,590
Average
$10,828/month
$12,263
$2,213
Average
$2,499/week
$2,830
$55
Average
$62/hour
$71
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $147,157 $12,263 $2,830 $71
Average $129,935 $10,828 $2,499 $62
25th Percentile $115,075 $9,590 $2,213 $55
Last Updated on December 01, 2024

View Tool Design Engineer IV Salary by Experience Levels

An entry-level Tool Design Engineer IV with under 1 year experience makes about $125,459. With less than 2 years of experience, a mid-level Tool Design Engineer IV makes around $126,598. After 2-4 years, the Tool Design Engineer IV pay rises to about $128,420. Those senior Tool Design Engineer IV with 5-8 years of experience earn roughly $133,431, and those Tool Design Engineer IV having 8 years or more experience are expected to earn about $140,557 on average.

Levels Salary
Entry Level Tool Design Engineer IV $125,459
Intermediate Level Tool Design Engineer IV $126,598
Senior Level Tool Design Engineer IV $128,420
Specialist Level Tool Design Engineer IV $133,431
Expert Level Tool Design Engineer IV $140,557
$125,459 0 yr
$126,598 < 2 yrs
$128,420 2-4 yrs
$133,431 5-8 yrs
$140,557 > 8 yrs
Last Updated on December 01, 2024
Entry Level 3%
Mid Level 3%
Senior Level 1%
Top Level 3%
Experienced 8%
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Last Updated on December 01, 2024

Highest Paying Cities in Illinois for Tool Design Engineer IV

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Salaries of Jobs Related to Tool Design Engineer IV

Job Openings of Tool Design Engineer IV

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Cost of Living In Elgin, IL

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Best-Paid Skills and Qualifications for Tool Design Engineer IV

What skills does a Tool Design Engineer IV need?

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.

Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.

2.

Open Access: Open Access (OA) refers to all electronic resources that are made widely available on the internet without licensing and copyright restrictions. Open Access resources can include articles, journals, books, conference proceedings, theses, music, etc.

3.

Web Applications: A web application is application software that runs in a web browser, unlike software programs that run locally and natively on the operating system of the device. They are delivered on the World Wide Web to users with an active network connection.

See More Skills
Planning 7.14%
Open Access 3.57%
Web Applications 1.79%
Others 87.5%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Tool Design Engineer IV higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Leadership, you can get a 11% salary raise. If you are good at Exploration, your salary will increase by 7%. If you are expert in Commitment, your salary will rise by 7%.
Skill Salary Demand
Leadership
 $148,843
11%
Exploration
 $143,479
7%
Commitment
 $143,479
7%
Lean Manufacturing
 $140,798
5%
Problem Solving
 $140,798
5%
Analysis
 $140,798
5%
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Last Updated on December 01, 2024

About Our Data

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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The average salary for a Tool Design Engineer IV is $134,093 per year in Elgin, IL, updated at December 01, 2024.
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