How much does a Tool Design Engineer V make in Novi, MI?
As of April 01, 2025, the average annual salary for a Tool Design Engineer V in Novi, MI is $147,784. Salary.com reports that pay typically ranges from $137,093 to $155,269, with most professionals earning between $127,359 and $162,083.
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
|
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 |
How Does Experience Level Affect a Tool Design Engineer V's Salary?
An entry-level Tool Design Engineer V with under 1 year experience makes about $143,475.
With less than 2 years of experience, a mid-level Tool Design Engineer V makes around $144,273.
After 2-4 years, the Tool Design Engineer V pay rises to about $145,071.
Those senior Tool Design Engineer V with 5-8 years of experience earn roughly $146,188, and those Tool Design Engineer V having 8 years or more experience are expected to earn about $148,342 on average.
Levels |
Salary |
Entry Level Tool Design Engineer V
|
$143,475
|
Intermediate Level Tool Design Engineer V
|
$144,273
|
Senior Level Tool Design Engineer V
|
$145,071
|
Specialist Level Tool Design Engineer V
|
$146,188
|
Expert Level Tool Design Engineer V
|
$148,342
|
$143,475
0 yr
$144,273
< 2 yrs
$145,071
2-4 yrs
$146,188
5-8 yrs
$148,342
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
3%
|
Mid Level
|
2%
|
Senior Level
|
2%
|
Top Level
|
1%
|
Experienced
|
0%
|
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Last Updated on April 01, 2025