As of August 01, 2026, the average salary for a Component Design Engineer in Alaska is $114,631 per year, which breaks down to an hourly rate of $55.
However, a Component Design Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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A Component Design 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 Component Design 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 |
|---|---|
| UI/Usabil... Level Component Design Engineer | $89,613 |
| Component... Level Component Design Engineer | $113,889 |
| UI/Usabil... Level Component Design Engineer | $128,025 |
| UI/Usabil... Level Component Design Engineer | $157,904 |
| UI/Usabil... Level Component Design Engineer | $174,210 |
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 Component Design Engineers. For example, consider the average annual salaries in these key locations:
For Component Design Engineer roles, the industry you choose can affect earning potential by as much as 62% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Financial Services sectors offer the strongest compensation, at 22% above the average. In contrast, Component Design Engineer positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Component Design Engineer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $139,850 | $67.0 | 22% |
| Financial Services | $137,558 | $66.0 | 20% |
| Biotechnology | $135,265 | $65.0 | 18% |
| Software & Networking | $132,972 | $64.0 | 16% |
| Internet | $130,680 | $63.0 | 14% |
Understanding how a Component Design 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 August 01, 2026Ready to take the next step in your career? Browse thousands of current Component Design Engineer job openings on our job board. Use the search bar below to find your perfect match.
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