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Average Electrical Engineers Salary in Evansville, IN

Electrical Engineers in Evansville, IN, can expect an average annual salary of $104,460. This figure is notably below the national average of $121,030, suggesting that local market dynamics and potentially industry-specific demand in Evansville play a significant role in compensation levels. While the nominal salary is lower, understanding the cost of living is crucial for a complete financial picture.

Executive Summary

  • Average Salary: $104,460 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $131,820.
  • Outlook: With a local workforce of 200 Electrical Engineers and a Location Quotient of 1.22, Evansville demonstrates a slightly higher concentration of these professionals compared to the national average. This indicates a stable, albeit not booming, demand for electrical engineering talent within the region, suggesting a healthy job market for skilled individuals.
2024 Market Data

Salary Overview

$104,460

The average Electrical Engineers in Evansville, IN earns-13.7%below the national average.

BreakdownBased on 40h/week
Hourly

$50.2

Weekly

$2,009

Monthly

$8,705

Electrical Engineers Salary Distribution in Evansville, IN

The career trajectory for Electrical Engineers typically involves significant salary progression from entry-level to senior positions. The gap between starting salaries and those commanded by seasoned professionals often widens considerably, reflecting the accumulation of specialized skills, project management experience, and leadership responsibilities. These percentile differences are key indicators of career advancement opportunities within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$73,590$35.4
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$78,345$37.7
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$100,860$48.5
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$130,575$62.8
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$131,820$63.4

Detailed Electrical Engineers Market Analysis

Relocation Context

Nominal Salary

$104,460

Gross Pay

Real Wage (Purchasing Power)

$104,460

Adjusted for COL (100)

An average salary of $104,460 in Evansville, IN, aligns perfectly with the national average cost of living (index of 100). This means that the purchasing power of an Electrical Engineer's salary in Evansville is equivalent to the national average, making it a financially neutral location in terms of affordability relative to income.

Job Market Context

200

Total Jobs

1.498

Per 1K Jobs

1.22

Location Quotient

Above Average

With a location quotient of 1.22, Evansville, IN has a slightly higher-than-average concentration of Electrical Engineers roles compared to the national norm.

The Location Quotient of 1.22 for Electrical Engineers in Evansville signifies a job market where this profession is slightly more prevalent than the national average. This suggests a moderate level of competition but also indicates a consistent need for these specialized skills within the local economy, making it a potentially favorable environment for job seekers.

Nearby Job Markets

Nearby Cities for Electrical Engineers

CitySalaryDist.
Bowling Green, KY Electrical Engineers Salary$91,600↓ 12%92 mi
Bloomington, IN Electrical Engineers Salary$114,700↑ 10%98 mi

Comparing salaries near Evansville, IN

Hiring Electrical Engineerss?

Frequently Asked Questions

How much does a Electrical Engineers make in Evansville, IN?

The median annual salary for a Electrical Engineers in Evansville, IN is $104,460. This typically ranges from $73,590 for entry-level positions to $131,820 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Evansville, IN is 13.7% lower than the national median of $121,030.

Is Evansville, IN a lucrative place for Electrical Engineers?

Yes, with caveats.While the average salary of $104,460 is below the national average, the cost of living is also at the national average, providing equivalent purchasing power. The slightly higher concentration of jobs (LQ 1.22) suggests steady demand.

Is Evansville, IN a good place to live for Electrical Engineers?

The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Evansville, IN?

Some top paying nearby cities include Bowling Green, KY ($91,600) and Bloomington, IN.

How does the Evansville Electrical Engineer salary compare to the national average?

The average salary for Electrical Engineers in Evansville, IN, is $104,460, which is lower than the national average of $121,030.

What is the cost of living in Evansville, IN?

Evansville, IN, has a cost of living index of 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there compared to the rest of the country.

Is there a strong demand for Electrical Engineers in Evansville?

With a Location Quotient of 1.22, Evansville shows a slightly higher concentration of Electrical Engineers than the national average, indicating a stable and present demand for their skills.

How many Electrical Engineers work in Evansville?

There are approximately 200 Electrical Engineers employed in Evansville, IN, representing 1.498 jobs per 1,000 workers in the area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Evansville, IN area with a job density of 1.498 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in Evansville, IN