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.
| 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 |
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 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 0% |
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 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.
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.
Here are companies hiring for Tool Design Engineer V and their salaries, click below for more details.
| 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% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 23.1% |
| Associates | 34.6% |
| Bachelors | 38.5% |
| Doctorate | 3.8% |
What Am I Worth?
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.
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.
The highest pay for Tool Design Engineer V is $162,002.
The lowest pay for Tool Design Engineer V is $127,295.
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.
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.
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.
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.
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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.
