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As of August 01, 2026, the average salary for a Component Design Engineer in Michigan is $104,285 per year, which breaks down to an hourly rate of $50.
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 | $113,469 | $9,456 | $2,182 | $55 |
| Average | $104,285 | $8,690 | $2,005 | $50 |
| 25th Percentile | $96,015 | $8,001 | $1,846 | $46 |
Synventive Molding Solutions, Inc. - Livonia, MI
WASEYABEK DEVELOPMENT COMPANY LLC - Nunica, MI
InDepth Engineering Solutions, LLC - Troy, MI
RealTruck Group Inc - Ann Arbor, MI
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 | $81,525 |
| Component... Level Component Design Engineer | $103,610 |
| UI/Usabil... Level Component Design Engineer | $116,470 |
| UI/Usabil... Level Component Design Engineer | $143,652 |
| UI/Usabil... Level Component Design Engineer | $158,487 |
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 | $127,228 | $61.0 | 22% |
| Financial Services | $125,142 | $60.0 | 20% |
| Biotechnology | $123,057 | $59.0 | 18% |
| Software & Networking | $120,971 | $58.0 | 16% |
| Internet | $118,885 | $57.0 | 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 | $113,469 | $9,456 | $2,182 | $55 |
| Average | $104,285 | $8,690 | $2,005 | $50 |
| 25th Percentile | $96,015 | $8,001 | $1,846 | $46 |
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.
DISHER
Zeeland, MI
DISHER | Zeeland, MI
Job Description. Job Description. DISHER is currently seeking a Design Engineer to join our team. In this role, you will bring advanced experience in mecha... more
8 Days Ago
Reliance One
Ann Arbor, MI
Reliance One | Ann Arbor, MI
Job Description. Job Description. Design Engineer – Engine Systems. Ann Arbor, Michigan, United States. $50–55/hour. Contract Opportunity. Full-time contra... more
9 Days Ago
RealTruck Group Inc
Ann Arbor, MI
RealTruck Group Inc | Ann Arbor, MI
Job Description. Job Description. POSITION SUMMARY. As part of a cross functional Engineering team, the Design Engineer will work throughout the conceptual... more
8 Days Ago
Reliance One
Wixom, MI
Reliance One | Wixom, MI
Job Description. Job Description. Design Engineer. Wixom, Michigan, United States. Contract Position | On-Site. Full-Time Hours. Competitive Pay. Benefits ... more
10 Days Ago
Conexess
Roseville, MI
Conexess | Roseville, MI
Tool & Die Design Engineer Global Tooling. Our client is seeking a highly skilled and detail-oriented Tool & Die Design Engineer to support our global tool... more
6 Days Ago
ND DEFENSE LLC
Madison Heights, MI
ND DEFENSE LLC | Madison Heights, MI
Job Description. Job Description. The Electrical Design Engineer supports the design, documentation, and release of high-voltage (HV) and low-voltage (LV) ... more
6 Days Ago
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