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As of August 01, 2026, the average salary for a Component Design Engineer in Indiana is $101,649 per year, which breaks down to an hourly rate of $49.
However, a Component Design Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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Component Design Engineer Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $110,600 | $9,217 | $2,127 | $53 |
| Average | $101,649 | $8,471 | $1,955 | $49 |
| 25th Percentile | $93,587 | $7,799 | $1,800 | $45 |
Fill-Rite - Fort Wayne, IN
NCW - Nappanee, IN
POLYWOOD - Syracuse, IN
Securitas Technology Corporation - Fishers, IN
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 | $79,464 |
| Component... Level Component Design Engineer | $100,990 |
| UI/Usabil... Level Component Design Engineer | $113,525 |
| UI/Usabil... Level Component Design Engineer | $140,020 |
| UI/Usabil... Level Component Design Engineer | $154,479 |
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:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
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 | $124,011 | $60.0 | 22% |
| Financial Services | $121,978 | $59.0 | 20% |
| Biotechnology | $119,945 | $58.0 | 18% |
| Software & Networking | $117,912 | $57.0 | 16% |
| Internet | $115,879 | $56.0 | 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $110,600 | $9,217 | $2,127 | $53 |
| Average | $101,649 | $8,471 | $1,955 | $49 |
| 25th Percentile | $93,587 | $7,799 | $1,800 | $45 |
Ready 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.
Aegis Worldwide
Seymour, IN
Aegis Worldwide | Seymour, IN
1st Shift (6:30AM-2:30PM): Monday-Friday. $30-35/hour. Position Summary. Aegis Worldwide is partnered with a manufacturer who is seeking an entry level des... more
9 Days Ago
Talis Group, Inc.
Jeffersonville, IN
Talis Group, Inc. | Jeffersonville, IN
Job Description. Job Description. Talis Group’s client is a leading manufacturer of mechanical tools and equipment for the consumer industry and dedicated ... more
6 Days Ago
Alliance Technical Group
Indianapolis, IN
Alliance Technical Group | Indianapolis, IN
Job Description. Job Description. Locations. Pensacola, FL | Tampa, FL | Export, PA | Indianapolis, IN. Employment Type. Full-Time. Alliance Technical Grou... more
6 Days Ago
Placon Corporation
Elkhart, IN
Placon Corporation | Elkhart, IN
Job Description. Job Description. The Lead Design Engineer is responsible for direction and leadership to the Design department at Barger ensuring project ... more
6 Days Ago
Kronos Consulting
South Bend, IN
Kronos Consulting | South Bend, IN
Job Description. Job Description. Kronos has a long history of avionics engineering working with some of the largest aircraft integrators in the world. We ... more
6 Days Ago
Micropulse, Inc.
Columbia City, IN
Micropulse, Inc. | Columbia City, IN
Job Description. Job Description. Job Description. The Tooling Design Engineer will report directly to the Director of Operations. This position will have... more
7 Days Ago
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