As of July 01, 2026, the average salary for a Product Development Engineer in Alaska is $107,050 per year, which breaks down to an hourly rate of $51.
However, a Product Development Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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A Product Development Engineer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Product Development Engineer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Productio... Level Product Development Engineer | $84,062 |
| Productio... Level Product Development Engineer | $95,299 |
| Product D... Level Product Development Engineer | $106,336 |
| Productio... Level Product Development Engineer | $133,815 |
| Productio... Level Product Development Engineer | $153,742 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Product Development Engineers. For example, consider the average annual salaries in these key locations:
For Product Development Engineer roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Financial Services sectors offer the strongest compensation, at 25% above the average. In contrast, Product Development Engineer positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Product Development Engineer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $133,812 | $64.0 | 25% |
| Financial Services | $128,460 | $62.0 | 20% |
| Pharmaceuticals | $128,460 | $62.0 | 20% |
| Software & Networking | $128,460 | $62.0 | 20% |
| Aerospace & Defense | $119,896 | $58.0 | 12% |
Understanding how a Product Development Engineer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Ready to take the next step in your career? Browse thousands of current Product Development Engineer job openings on our job board. Use the search bar below to find your perfect match.
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