Product development engineer salary in New York, NY

The average salary for a Product Development Engineer is $89,574 per year in New York, NY. This figure is based on 20 salaries taken from job postings on Indeed in the past 36 months, last updated on July 23, 2026.

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Product Development Engineer salaries in New York, NY typically range between a low of $46,460 and a high of $172,700 per year, depending on experience and the hiring company.

Some of the highest-paying cities for Product Development Engineer in New York, NY include Albany, NY at $140,535 per year, Glens Falls, NY at $129,133 per year, and Endicott, NY at $125,076 per year.

Based on recent job postings on Indeed, some of the top-paying companies for Product Development Engineer in New York, NY include Instinet ($240,000 per year) and BlackRock ($226,720 per year).

Compensation can vary based on the specific niche and level of responsibility within the field. Here is how the average Product Development Engineer salary in New York, NY compares to related positions:

• Junior Product Development Engineer: Average $75,051 per year
• Product Development Engineer II: Average $63,216 per year
• Senior Product Development Engineer: Average $109,302 per year