How much does a Tool Design Engineer V make in the United States? The average Tool Design Engineer V salary in the United States is $146,179 as of November 23, 2022, but the range typically falls between $126,736 and $165,197. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Jobs with a similar salary range to Tool Design Engineer V : Deputy Bureau Chief, Nuclear Engineer Manager

Based on HR-reported data: a national average with a geographic differential
25% $126,736 10% $109,034 90% $182,512 75% $165,197 $146,179 50%(Median)
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Check out Tool Design Engineer jobs in Virginia

Senior Technical Manager-V. Systems

American Association of Motor Vehicles - Arlington, VA

Engineer, Tool and Design

AEROJET - Culpeper, VA

Software Developer V

Technology Service Corp - King George, VA

Job Description for Tool Design Engineer V

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. Being a Tool Design Engineer V 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 V 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 V 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. To be a Tool Design Engineer V typically requires 10+ years of related experience. (Copyright 2022 Salary.com)... View full job description

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Fiscal Year Ended in 2021
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
126736
165197
146179

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
133805
175352
158186
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Tool Design Engineer V in the United States. The base salary for Tool Design Engineer V ranges from $126,736 to $165,197 with the average base salary of $146,179. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $133,805 to $175,352 with the average total cash compensation of $158,186.
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126736
165197

 

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Skills associated with Tool Design Engineer V: Functional Requirements, Rapid Prototyping, Manufacturing Process Engineering, CAD Software ...More

Salary estimation for Tool Design Engineer V at companies like : AXIM BIOTECHNOLOGIES INC, CEL-SCI CORP, MANNATECH INC