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How much does a Tool Design Engineer V make?

As of April 01, 2025, the average annual salary for a Tool Design Engineer V in the United States is $147,710. Salary.com reports that pay typically ranges from $137,024 to $155,191, with most professionals earning between $127,295 and $162,002.

Tool Design Engineer V Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $155,191 $12,933 $2,984 $75
Average $147,710 $12,309 $2,841 $71
25th Percentile $137,024 $11,419 $2,635 $66

Average Salary

25% $137,024 10% $127,295 90% $162,002 75% $155,191 $147,710 50%(Median)
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How much does a Tool Design Engineer V make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Tool Design Engineer V 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 V hourly pay, weekly pay, monthly pay and so on.

Last Updated on April 01, 2025

How Does Experience Level Affect a Tool Design Engineer V's Salary?

An entry-level Tool Design Engineer V with less than 1 year of experience earns about $143,404. With 1-2 years of experience, the average salary increases to $144,201. For 2-4 years of experience, the pay typically rises to $144,999. Senior-level professionals with 5-8 years of experience earn around $146,115, and those with over 8 years of experience can expect an average of $148,268.

Levels Salary
Entry Level Tool Design Engineer V $143,404
Intermediate Level Tool Design Engineer V $144,201
Senior Level Tool Design Engineer V $144,999
Specialist Level Tool Design Engineer V $146,115
Expert Level Tool Design Engineer V $148,268
$143,404 0 yr
$144,201 < 2 yrs
$144,999 2-4 yrs
$146,115 5-8 yrs
$148,268 > 8 yrs
Last Updated on April 01, 2025
Entry Level 3%
Mid Level 2%
Senior Level 2%
Top Level 1%
Experienced 0%
View as graph
Last Updated on April 01, 2025

How much does salary of Tool Design Engineer V vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of April 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Tool Design Engineer V is $184,475.
  • In New York, NY, the average annual salary is $171,181.
  • In Boston, MA, a Tool Design Engineer V earns $164,741 per year.

What is the salary trend of Tool Design Engineer V?

As of April 01, 2025, our research reveals a significant shift in Tool Design Engineer V compensation over the past six years. For example, the median salary increased from $146,627 in 2023 to approximately $146,003 in 2024. (For a detailed analysis of Tool Design Engineer V salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Tool Design Engineer V Over Time

2020
$???
2021
$???
2022
$???
$146,627
2023
$146,003
2024
$144,393
2025
2026
$???
Last Updated on April 01, 2025
2020
$???
2021
$???
2022
$???
2023
$146,627
2024
$146,003
2025
$144,393
2026
$???
Last Updated on April 01, 2025

Tool Design Engineer V Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $146,627
2024 $146,003
2025 $144,393
2026 View More
Last Updated on April 01, 2025

Job Openings of Tool Design Engineer V

Salary.com job board provides millions of Tool Design Engineer V information for you to search for. Click on search button below to see Tool Design Engineer V job openings or enter a new job title here.

Most Common Benefits for Tool Design Engineer V

Based on HR-reported data: a national average with a geographic differential
Base Salary 72.9%
Bonuses 0.0%
Social Security 5.6%
401k/403b 3.1%
Disability 1.5%
Healthcare 4.1%
Pension 3.9%
Time Off 9.0%
Core Compensation
Core Compensation Median % of Total
Base Salary $147,710 72.9%
Bonus $0 0.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $11,300 5.6%
401K/403B $6,204 3.1%
Disability $2,954 1.5%
Healthcare $8,352 4.1%
Pension $7,976 3.9%
Time Off $18,180 9.0%
Total Compensation $202,676 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on April 01, 2025

What are the salaries of a Tool Design Engineer V with different levels of education?

Salaries for Tool Design Engineer V with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Tool Design Engineer V with a Associate's Degree is $144,485 - $155,884. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Tool Design Engineer V Salaries by Degree Level

Last Updated on April 01, 2025
Typical Education for Tool Design Engineer V
Degree Level % of user with this level of education
High School 23.1%
Associates 34.6%
Bachelors 38.5%
Doctorate 3.8%
Typical Education for Tool Design Engineer V
High School 23.1%
Associates 34.6%
Bachelors 38.5%
Doctorate 3.8%
view as table

Tool Design Engineer V Salaries by Degree Level

Last Updated on April 01, 2025

What Am I Worth?

FAQ about Tool Design Engineer V

1. What is the average salary of a Tool Design Engineer V?

The average annual salary of Tool Design Engineer V is $147,710. In case you are finding an easy salary calculator, the average hourly pay of Tool Design Engineer V is $71; the average weekly pay of Tool Design Engineer V is $2,841; the average monthly pay of Tool Design Engineer V is $12,309.

2. Where can a Tool Design Engineer V earn the most?

A Tool 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 Tool Design Engineer V earns the most in San Jose, CA, where the annual salary of a Tool Design Engineer V is $186,307.

3. What is the highest pay for Tool Design Engineer V?

The highest pay for Tool Design Engineer V is $162,002.

4. What is the lowest pay for Tool Design Engineer V?

The lowest pay for Tool Design Engineer V is $127,295.

5. What are the responsibilities of Tool Design Engineer V?

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. 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. 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. 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.

6. What are the skills of Tool 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.)

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.

About Our Data

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.

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The average salary for a Tool Design Engineer V is $147,710 per year in the United States, updated at April 01, 2025.
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