As of May 18, 2021, the average salary for a Packaging Development Engineer V in Indiana is $157,590 per year, which breaks down to an hourly rate of $76.
However, a Packaging Development Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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Packaging Development Engineer V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $170,690 | $14,224 | $3,283 | $82 |
| Average | $157,590 | $13,133 | $3,031 | $76 |
| 25th Percentile | $145,990 | $12,166 | $2,808 | $70 |
Larsen & Toubro - Terre Haute, IN
Brightpath Associates LLC - , IN
LHH - Franklin, IN
LHH - Bloomington, IN
A Packaging Development Engineer V'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 Packaging Development Engineer V'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 |
|---|---|---|
| Packaging Development Engineer III | 4-7 years | $101,949 |
| Packaging Development Engineer IV | 7+ years | $125,577 |
| Packaging Development Engineer V | 7-10 years | $157,551 |
| Packaging R&D Engineering Manager | 10+ years | $134,426 |
| Packaging Development Engineering Senior Manager | 10+ years | $171,189 |
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 Packaging Development Engineer Vs. 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 a Packaging Development Engineer V'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 | $170,690 | $14,224 | $3,283 | $82 |
| Average | $157,590 | $13,133 | $3,031 | $76 |
| 25th Percentile | $145,990 | $12,166 | $2,808 | $70 |
For a Packaging Development Engineer V, the most direct path to higher earnings is advancing to the Packaging R&D Engineering Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $134,500 - a projected growth of -15% over your current level.
Ready to take the next step in your career? Browse thousands of current Packaging Development Engineer V job openings on our job board. Use the search bar below to find your perfect match.
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