Average Bioengineers and Biomedical Engineers Salary in Colorado
Bioengineers and Biomedical Engineers in Colorado earn an average annual salary of $108,720. This figure is slightly below the national average of $115,990, suggesting that while Colorado offers competitive compensation, regional economic factors and demand dynamics play a significant role in shaping local pay scales.
Executive Summary
- Average Salary: $108,720 per year.
- Growth Trend: Salaries have shifted 10.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $151,880.
- Outlook: Colorado's bioengineering sector demonstrates a notable concentration, with a Location Quotient of 1.11, indicating a presence slightly above the national average. The local workforce of 460 professionals, while not massive, suggests a specialized and potentially growing field within the state, hinting at a robust demand for skilled bioengineers.
Salary Overview
The average Bioengineers and Biomedical Engineers in Colorado earns-6.3%below the national average.
$52.3
$2,091
$9,060
Bioengineers and Biomedical Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bioengineers and Biomedical Engineers in Colorado have experienced a steady upward trend over the past four years, mirroring national patterns of increasing demand and technological advancements in the field. This growth is likely driven by innovation in healthcare and life sciences within the state.
Bioengineers and Biomedical Engineers Salary Distribution in Colorado
The salary progression for Bioengineers and Biomedical Engineers in Colorado typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while senior engineers with specialized skills and extensive project leadership experience can command salaries well above the $108,720 average, with higher percentiles reflecting substantial career advancement and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $66,840 | $32.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $81,540 | $39.2 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $106,690 | $51.3 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $135,900 | $65.3 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $151,880 | $73 |
Detailed Bioengineers and Biomedical Engineers Market Analysis
Relocation Context
Nominal Salary
$108,720
Gross Pay
Real Wage (Purchasing Power)
$103,052
Adjusted for COL (105.5)
Colorado's Cost of Living Index stands at 105.5, meaning it is 5.5% more expensive than the national average. The average salary of $108,720, while substantial, needs to be considered in light of these higher living costs, suggesting that the purchasing power of a bioengineer's salary in Colorado may be slightly less than the nominal figure implies when compared to more affordable regions.
Job Market Context
460
Total Jobs
0.158
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Colorado has a slightly higher-than-average concentration of Bioengineers and Biomedical Engineers roles compared to the national norm.
With a Location Quotient of 1.11, Colorado exhibits a slightly higher concentration of Bioengineers and Biomedical Engineers compared to the national average. This indicates a moderately competitive market where the demand for these specialized professionals is robust, potentially leading to more opportunities and slightly more leverage for skilled candidates within the state's burgeoning biotech and healthcare industries.
Nearby Job Markets
Nearby Cities for Bioengineers and Biomedical Engineers
| City | Salary | Dist. |
|---|---|---|
| Denver-Aurora-Centennial, CO Bioengineers and Biomedical Engineers Salary | $107,100↓ 1% | 54 mi |
| Boulder, CO Bioengineers and Biomedical Engineers Salary | $119,870↑ 10% | 67 mi |
Comparing salaries near Colorado
Hiring Bioengineers and Biomedical Engineerss?
Frequently Asked Questions
How much does a Bioengineers and Biomedical Engineers make in Colorado?
The median annual salary for a Bioengineers and Biomedical Engineers in Colorado is $108,720. This typically ranges from $66,840 for entry-level positions to $151,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado is 6.3% lower than the national median of $115,990.
Is Colorado a lucrative place for Bioengineers and Biomedical Engineerss?
Yes, with caveats.Colorado offers a strong average salary of $108,720, slightly above the national average in terms of job concentration. However, the higher cost of living means the take-home value requires careful consideration.
Is Colorado a good place to live for Bioengineers and Biomedical Engineers?
The Cost of Living Index in Colorado is 105.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado?
Some top paying nearby cities include Denver-Aurora-Centennial, CO ($107,100) and Boulder, CO.
What is the average salary for a Bioengineer in Colorado?
The average annual salary for Bioengineers and Biomedical Engineers in Colorado is $108,720.
How does Colorado's salary compare to the national average?
Colorado's average salary of $108,720 is slightly below the national average of $115,990 for Bioengineers and Biomedical Engineers.
Is the job market for Bioengineers strong in Colorado?
Yes, Colorado has a Location Quotient of 1.11, indicating a concentration of Bioengineers and Biomedical Engineers slightly above the national average, suggesting a healthy job market.
How does the cost of living affect a Bioengineer's salary in Colorado?
Colorado's cost of living is 5.5% higher than the national average (105.5 index). This means the $108,720 salary may have less purchasing power compared to regions with a lower cost of living.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Colorado area with a job density of 0.158 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bioengineers and Biomedical Engineers • Data source: BLS OEWS 2024 •Jobs in Colorado