Electronics Hardware Design Engineer salary in Monaco

Average Yearly Salary of Electronics Hardware Design Engineer in Monaco is approximately 329,563 EUR (328,991 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Electronics Hardware Design Engineer do?

An electronics hardware design engineer is responsible for designing and developing electronic systems and components. They work on various stages of the product development lifecycle, from conceptualization to prototyping and testing. Their main tasks include creating circuit board layouts, selecting appropriate components, and ensuring the design meets performance and safety standards. These engineers collaborate with cross-functional teams, such as software engineers and industrial designers, to integrate hardware with software and mechanical components. The occupation requires a strong understanding of electrical engineering principles, proficiency in using design tools like CAD software, and knowledge of industry standards and regulations. Attention to detail, problem-solving skills, and the ability to work in a team are crucial for success in this role. Electronics hardware design engineers can find employment in industries such as consumer electronics, automotive, telecommunications, and aerospace.

Skills: Electronics engineer, Hardware design, Circuit board, Electrical engineering, CAD software, Prototyping.
Job industry: Electronics

How much does Electronics Hardware Design Engineer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Electronics Hardware Design Engineer a well paid job?

Yes, our data shows that Electronics Hardware Design Engineer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Electronics Hardware Design Engineer?

High salary for Electronics Hardware Design Engineer would be somewhere between 362,519 EUR and 477,866 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Electronics Hardware Design Engineer in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 329,563 EUR
Estimated Monthly Salary: 27,464 EUR
Estimated Weekly Salary: 6,338 EUR per week
Estimated Hourly Salary: 158 EUR per hour
By working as Electronics Hardware Design Engineer a person can save up to 19,973 USD per month or 239,673 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Electronics Hardware Design Engineer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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