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Last updated: October 31, 2024
Product Development Engineer Salary
in Monroe, Michigan
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$115,672 (USD)
Average Salary
$56/hr
Average Hourly
$4,176
Average Bonus
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Last updated: October 31, 2024
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Salary Recap
The average pay for a Product Development Engineer is $115,672 a year and $56 an hour in Monroe, Michigan, United States. The average salary range for a Product Development Engineer is between $79,467 and $141,236. On average, a Bachelor's Degree is the highest level of education for a Product Development Engineer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Monroe, Michigan.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Education and Skills
Education and Skills
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Salary Potential
Salary Potential
Estimated salary in 2029:
$129,931
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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Based on the average salary in the United States, if your pay differential is 10%, your pay will increase by $5.56/hour
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About Monroe, Michigan
Monroe Cost of Living Score:
Description:
Monroe is the largest city and county seat of Monroe County, Michigan, United States. The population was 20,462 as of the 2020 census. The city is bordered on the south by Monroe Charter Township, but the two are administered autonomously. Monroe is the core city in the Monroe metropolitan area, which is coterminous with Monroe County and had a population of 154,809 in 2020. Located on the western shores of Lake Erie approximately 20 miles (32 km) northeast of Toledo, Ohio, and 40 miles (64 km) southwest of Detroit, the city is part of the Detroit–Ann Arbor–Flint combined statistical area.
The Monroe area was the...
Job Summary
Description:
- Designs, develops, tests, and evaluates new products, applying knowledge of engineering.
- Determines nature of technical problems and possible solutions, such as product redesign, substitution of material or parts, or rearrangement of parts or subassemblies.
- Reviews and evaluates designs for improving performance or other factors, or to obtain data for development.
- Positions covered by this definition are characterized by the inclusion of work that requires an understanding of both theories and principles.
- Excludes paraprofessional positions.
Product Development Engineer Job Listings for
No listings found
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Salary Recap
The average pay for a Product Development Engineer is $115,672 a year and $56 an hour in Monroe, Michigan, United States. The average salary range for a Product Development Engineer is between $79,467 and $141,236. On average, a Bachelor's Degree is the highest level of education for a Product Development Engineer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Monroe, Michigan.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsJob Statistics
Product Development Engineer Job Prevalence in the United States
Job family: Engineers, All Other
Job family population: 150,990
Estimated population of Product Development Engineer jobs: 8,863
Rate of error: 1.3%
Take the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Monroe, Michigan
Monroe Cost of Living Score:
Description:
Monroe is the largest city and county seat of Monroe County, Michigan, United States. The population was 20,462 as of the 2020 census. The city is bordered on the south by Monroe Charter Township, but the two are administered autonomously. Monroe is the core city in the Monroe metropolitan area, which is coterminous with Monroe County and had a population of 154,809 in 2020. Located on the western shores of Lake Erie approximately 20 miles (32 km) northeast of Toledo, Ohio, and 40 miles (64 km) southwest of Detroit, the city is part of the Detroit–Ann Arbor–Flint combined statistical area.
The Monroe area was the...
Job Summary
Description:
- Designs, develops, tests, and evaluates new products, applying knowledge of engineering.
- Determines nature of technical problems and possible solutions, such as product redesign, substitution of material or parts, or rearrangement of parts or subassemblies.
- Reviews and evaluates designs for improving performance or other factors, or to obtain data for development.
- Positions covered by this definition are characterized by the inclusion of work that requires an understanding of both theories and principles.
- Excludes paraprofessional positions.
Product Development Engineer Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More