As of May 18, 2021, the average salary for an Intermediate Tool Design Engineer in New Mexico is $83,700 per year, which breaks down to an hourly rate of $40.
However, an Intermediate Tool Design Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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Intermediate Tool Design Engineer Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $90,900 | $7,575 | $1,748 | $44 |
| Average | $83,700 | $6,975 | $1,610 | $40 |
| 25th Percentile | $77,200 | $6,433 | $1,485 | $37 |
American Honda Motor Co. - RAYMOND, OH
American Honda Motor Co. - RAYMOND, OH
American Honda Motor Co. - RAYMOND, OH
American Honda Motor Co. - RAYMOND, OH
An Intermediate Tool 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 an Intermediate Tool 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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Entry Tool Design Engineer | 0-2 years | $71,278 |
| Intermediate Tool Design Engineer | 2-4 years | $83,624 |
| Senior Tool Design Engineer | 4-7 years | $95,233 |
| Specialist Tool Design Engineer | 7+ years | $115,439 |
| Expert Tool Design Engineer | 7-10 years | $136,165 |
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 Intermediate Tool 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:
Understanding how an Intermediate Tool 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 | $90,900 | $7,575 | $1,748 | $44 |
| Average | $83,700 | $6,975 | $1,610 | $40 |
| 25th Percentile | $77,200 | $6,433 | $1,485 | $37 |
For an Intermediate Tool Design Engineer, the most direct path to higher earnings is advancing to the Senior Tool Design Engineer role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $95,300 - a projected growth of 14% over your current level.
Ready to take the next step in your career? Browse thousands of current Intermediate Tool Design Engineer job openings on our job board. Use the search bar below to find your perfect match.
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