As of May 01, 2026, the average annual salary for Component Engineer in Minnetonka, MN is $72,568, equivalent to $35 per hour, $1,396 weekly, or $6,047 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Component Engineer in cities like San Jose, Santa Clara, and San Francisco.
Annually Salaries for Component Engineer in Minnetonka, MN vary widely, spanning from $63,950 to $79,428. Most professionals fall between the 25th percentile ($68,057) and 75th percentile ($76,158), while top earners (90th percentile) make $79,428 per year. This $8,101 pay gap underscores opportunities for salary growth through certifications, specialized skills like Project Management or Digital Media, or targeting high-paying regions like District of Columbia or California.
Location and experience significantly influence earnings. For example, Minnetonka Component Engineer often earn 1.4% higher than national averages. However, Minnetonka currently ranks 241 statewide for Component Engineer job salary. Professionals are advised to focus on high-growth sectors like to offset market challenges.
