Are you paid fairly?
Calculate your market salary rate to find out
Calculate Salary
Tool Designer
$98,045 (USD)/yr
$47.14 (USD)/hr
$4,157 (USD)/yr
The average tool designer gross salary in Colorado, United States is $98,045 or an equivalent hourly rate of $47. This is 2% higher (+$1,827) than the average tool designer salary in the United States. In addition, they earn an average bonus of $4,157. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Colorado, United States. An entry level tool designer (1-3 years of experience) earns an average salary of $69,122. On the other end, a senior level tool designer (8+ years of experience) earns an average salary of $121,587.
Explore Our Salary Database
Quickly search for salaries in other careers and locations in our salary database.
Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
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.
DO YOU WORK IN HR OR COMPENSATION?
Try our professional compensation software to generate detailed salary and cost of living reports.
Try a Free Demo
Salary Potential
$110,130 (USD)
12 %
Based on our compensation data, the estimated salary potential for Tool Designer will increase 12 % over 5 years.
Most Popular Skills for Tool Designer
Education
This chart displays the highest level of education for:
Tool Designer, the majority at 40% with high schools.
Typical Field of Study: Mechanical Engineering/Mechanical Technician Training
See how education can impact your salary
Salary Difference by Location
Salary by Country
State Overview
The cost of living in Colorado, United States is 9% more than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PageColorado ( KOL-ə-RAD-oh, -RAH-doh, other variants) is a landlocked state in the Mountain West subregion of the Western United States. Colorado borders Wyoming to the north, Nebraska to the northeast, Kansas to the east, Oklahoma to the southeast, New Mexico to the south, Utah to the west, and meets Arizona to the southwest at the Four Corners. Colorado is noted for its landscape of mountains, forests, high plains, mesas, canyons, plateaus, rivers, and desert lands. Colorado is one of the Mountain...
Sourced from Wikipedia
Job Description
Creates designs of tools, such as broaches, milling-machine cutters, and drills, and related jigs, dies, fixtures, etc. Combines artistic talent with research on tool use, customer needs, marketing, materials, and production methods to create the most functional and appealing design that will be competitive with others in the marketplace. Examines specifications, engineering blueprints, tool orders, and shop data and talks... with engineering and shop personnel to resolve design problems related to material characteristics, dimensional tolerances, service requirements, manufacturing procedures, and cost.
Read More
Jobs That May Interest You
Learn About Our Products
SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
Access The Assessor Productsarrow_right
Similar Job Titles
Latest Compensation News
With a PhD-level research team in house, SalaryExpert, provides up-to-date salary and compensation data. Download our free white papers to learn more.
Explore Our Salary Database
Quickly search for salaries in other careers and locations in our salary database.
Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
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.
Most Popular Skills for Tool Designer
Salary Difference by Location
Salary by Country
Learn About Our Products
SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
Access The Assessor Productsarrow_right
How Much Should You Be Paid?
Calculate your market salary using our salary calculator.
Similar Job Titles