Average Electrical Engineers Salary in Colorado Springs, CO
Electrical Engineers in Colorado Springs, CO, can expect an average annual salary of $117,850. This figure is slightly below the national average of $121,030, a difference often influenced by regional economic factors and the specific industry demands within the Colorado Springs metropolitan area. The local job market dynamics play a crucial role in shaping compensation for this specialized field.
Executive Summary
- Average Salary: $117,850 per year.
- Growth Trend: Salaries have shifted 7.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,800.
- Outlook: The Electrical Engineer job market in Colorado Springs, CO, shows significant concentration, as indicated by a Location Quotient of 2.07, more than double the national average. With a local workforce of 810 professionals, this suggests a robust demand and a specialized ecosystem for these roles within the region, pointing towards a stable and potentially growing job landscape.
Salary Overview
The average Electrical Engineers in Colorado Springs, CO earns-2.6%below the national average.
$56.7
$2,266
$9,821
Electrical Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Electrical Engineers nationwide and in key metropolitan areas like Colorado Springs have experienced steady growth over the past four years. This trend is typically driven by increasing technological complexity, demand for infrastructure development, and the ongoing need for skilled engineering talent across various sectors.
Electrical Engineers Salary Distribution in Colorado Springs, CO
Salary progression for Electrical Engineers in Colorado Springs, CO, typically scales significantly with experience. Entry-level positions will command lower salaries, while senior engineers with specialized expertise and a proven track record can earn substantially more. The difference between entry-level and senior-level salaries, often reflected in percentile data, signifies the career advancement and increased earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $81,650 | $39.3 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $88,388 | $42.5 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $114,370 | $55 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $147,313 | $70.8 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $163,800 | $78.8 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$117,850
Gross Pay
Real Wage (Purchasing Power)
$117,850
Adjusted for COL (100)
The average annual salary of $117,850 in Colorado Springs, CO, aligns perfectly with the national average cost of living, which stands at an index of 100. This means that the purchasing power of an Electrical Engineer's salary in Colorado Springs is comparable to the national average, offering a stable financial environment without the added pressure of a significantly higher or lower cost of living.
Job Market Context
810
Total Jobs
2.537
Per 1K Jobs
2.07
Location Quotient
Colorado Springs, CO has 2.1x the national concentration of Electrical Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 2.07 for Electrical Engineers in Colorado Springs signifies a highly concentrated job market, indicating that this profession is more prevalent there than the national average. This suggests a competitive environment where employers may actively seek specialized talent, and professionals may find a wealth of opportunities tailored to their skills within this specific geographic area.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Electrical Engineers Salary | $114,170↓ 3% | 32 mi |
| Southwest Colorado nonmetropolitan area Electrical Engineers Salary | $110,130↓ 7% | 32 mi |
| Pueblo, CO Electrical Engineers Salary | $103,410↓ 12% | 42 mi |
| Denver-Aurora-Centennial, CO Electrical Engineers Salary | $118,850↑ 1% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Colorado Springs, CO?
The median annual salary for a Electrical Engineers in Colorado Springs, CO is $117,850. This typically ranges from $81,650 for entry-level positions to $163,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 2.6% lower than the national median of $121,030.
Is Colorado Springs, CO a lucrative place for Electrical Engineers?
Yes, Colorado Springs offers a competitive environment for Electrical Engineers.The average salary of $117,850 is strong, and the high concentration of roles (LQ of 2.07) indicates significant local demand.
Is Colorado Springs, CO a good place to live for Electrical Engineers?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($114,170) and Southwest Colorado nonmetropolitan area.
How does the Electrical Engineer salary in Colorado Springs compare to the national average?
The average salary for Electrical Engineers in Colorado Springs is $117,850, which is slightly lower than the national average of $121,030.
What is the significance of the Location Quotient (LQ) for Electrical Engineers in Colorado Springs?
An LQ of 2.07 means that Electrical Engineers are more than twice as concentrated in Colorado Springs compared to the national average, indicating a strong local presence and demand for these professionals.
Does the cost of living affect the Electrical Engineer salary in Colorado Springs?
No, the cost of living in Colorado Springs is at the national average (index of 100), meaning the $117,850 salary has comparable purchasing power to the national average salary.
How many Electrical Engineers are there in Colorado Springs?
There are approximately 810 Electrical Engineers working in Colorado Springs, CO, contributing to the significant local concentration of this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 810 employees in the Colorado Springs, CO area with a job density of 2.537 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in Colorado Springs, CO