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 $150,140 as of August 27, 2023, but the range typically falls between $130,173 and $169,659. 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, 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
Tool Design Engineer V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Tool Design Engineer V Salary $111,994 US August 27, 2023
25th Percentile Tool Design Engineer V Salary $130,173 US August 27, 2023
50th Percentile Tool Design Engineer V Salary $150,140 US August 27, 2023
75th Percentile Tool Design Engineer V Salary $169,659 US August 27, 2023
90th Percentile Tool Design Engineer V Salary $187,430 US August 27, 2023
25% $130,173 10% $111,994 90% $187,430 75% $169,659 $150,140 50%(Median) Didn’t find job title? Click
Change Search Criteria

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 2023 View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Tool Design Engineer V.

Job Openings for Tool Design Engineer V

Career Path for Tool Design Engineer V

Those that have already made the climb...
Eyal Talor Ph.D., Chief Scientific Officer
CEL-SCI Corporation engages in the research and development of immunotherapy for the treatment of cancer and other diseases. The company's lead investigational immunotherapy is Multikine, which is under phase III clinical trial for the treatment of primary head and neck cancer. Its Ligand Epitope Antigen Presentation S... More
Fiscal Year Ended in 2022
Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?'s CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
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
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Tool Design Engineer V, base salary plus other pay elements

Average Base Salary

Core compensation


Average Total Cash Compensation

Includes base and annual incentives

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 $130,173 to $169,659 with the average base salary of $150,140. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $137,424 to $180,097 with the average total cash compensation of $162,477.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.



Step 3 of 3

How much should you be paid?

View the Cost of Living in Major Cities

Skills associated with Tool Design Engineer V: Workflow Optimization, Value Engineering, 5S Methodology, Failure Analysis ...More

Salary estimation for Tool Design Engineer V at companies like : US Marshals and the Moonshine War, Winco Technology Consultants, UK National Gas Ltd