As of April 01, 2025, the average annual salary for a Tool Design Engineer V in New Jersey is $160,103. Salary.com reports that pay typically ranges from $148,520 to $168,212, with most professionals earning between $137,975 and $175,594.
| 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 under 1 year experience makes about $155,435. With less than 2 years of experience, a mid-level Tool Design Engineer V makes around $156,300. After 2-4 years, the Tool Design Engineer V pay rises to about $157,164. Those senior Tool Design Engineer V with 5-8 years of experience earn roughly $158,374, and those Tool Design Engineer V having 8 years or more experience are expected to earn about $160,708 on average.
| Levels | Salary |
|---|---|
| Entry Level Tool Design Engineer V | $155,435 |
| Intermediate Level Tool Design Engineer V | $156,300 |
| Senior Level Tool Design Engineer V | $157,164 |
| Specialist Level Tool Design Engineer V | $158,374 |
| Expert Level Tool Design Engineer V | $160,708 |
| Entry Level | 5% |
| Mid Level | 6% |
| Senior Level | 6% |
| Top Level | 7% |
| Experienced | 9% |
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Tool Design Engineer V salary varies from city to city. Compared with national average salary of Tool Design Engineer V, the highest Tool Design Engineer V salary is in San Francisco, CA, where the Tool Design Engineer V salary is 24.9% above. The lowest Tool Design Engineer V salary is in Miami, FL, where the Tool Design Engineer V salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $184,475 |
24.9%
|
| Washington, DC | $163,545 |
10.7%
|
| Miami, FL | $141,920 |
|
| Chicago, IL | $152,644 |
3.3%
|
| Boston, MA | $164,741 |
11.5%
|
| New York, NY | $171,181 |
15.9%
|
