Average Electrical Engineers Salary in Fort Collins-Loveland, CO
Electrical Engineers in Fort Collins-Loveland, CO, earn an impressive average annual salary of $121,650. This figure slightly surpasses the national average of $121,030, indicating a robust demand for specialized engineering talent in the region. Factors such as the area's growing tech sector and the presence of research institutions likely contribute to this competitive compensation.
Executive Summary
- Average Salary: $121,650 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,060.
- Outlook: The local job market for Electrical Engineers in Fort Collins-Loveland, CO, appears stable and slightly concentrated, with a total workforce of 240 professionals. The Location Quotient of 1.13 suggests that this area employs a higher proportion of Electrical Engineers relative to the national average, pointing to a healthy demand that supports the local workforce.
Salary Overview
The average Electrical Engineers in Fort Collins-Loveland, CO earns+0.5%above the national average.
$58.5
$2,339
$10,138
Electrical Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Electrical Engineers in Fort Collins-Loveland, CO, have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing technological complexity, evolving industry standards, and a consistent demand for skilled engineering professionals.
Electrical Engineers Salary Distribution in Fort Collins-Loveland, CO
Career progression for Electrical Engineers in Fort Collins-Loveland, CO, is clearly reflected in salary differentials. Entry-level positions typically command lower salaries, while senior engineers with extensive experience and specialized skills can expect compensation significantly above the average. The widening gap between entry-level and senior roles underscores the value placed on expertise and years of dedicated service in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $70,310 | $33.8 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $91,238 | $43.9 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $121,350 | $58.3 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $152,063 | $73.1 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $169,060 | $81.3 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$121,650
Gross Pay
Real Wage (Purchasing Power)
$121,650
Adjusted for COL (100)
The average annual salary of $121,650 for Electrical Engineers in Fort Collins-Loveland, CO, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Electrical Engineer's salary in this area is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
240
Total Jobs
1.387
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Fort Collins-Loveland, CO has a slightly higher-than-average concentration of Electrical Engineers roles compared to the national norm.
With a Location Quotient of 1.13, Fort Collins-Loveland, CO, exhibits a slightly higher concentration of Electrical Engineers than the national average. This suggests a competitive yet accessible job market where demand is present and potentially growing, offering good opportunities for both new entrants and experienced professionals seeking to advance their careers.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Greeley, CO Electrical Engineers Salary | $113,360↓ 7% | 18 mi |
| Boulder, CO Electrical Engineers Salary | $133,030↑ 9% | 37 mi |
| Denver-Aurora-Centennial, CO Electrical Engineers Salary | $118,850↓ 2% | 55 mi |
Comparing salaries near Fort Collins-Loveland, CO
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Fort Collins-Loveland, CO?
The median annual salary for a Electrical Engineers in Fort Collins-Loveland, CO is $121,650. This typically ranges from $70,310 for entry-level positions to $169,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Collins-Loveland, CO is 0.5% higher than the national median of $121,030.
Is Fort Collins-Loveland, CO a lucrative place for Electrical Engineers?
Yes, it is a lucrative place for Electrical Engineers.The average salary of $121,650 is slightly above the national average, and the cost of living is exactly at the national average, indicating strong earning potential.
Is Fort Collins-Loveland, CO a good place to live for Electrical Engineers?
The Cost of Living Index in Fort Collins-Loveland, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Collins-Loveland, CO?
Some top paying nearby cities include Greeley, CO ($113,360) and Boulder, CO.
How does the Electrical Engineer salary in Fort Collins-Loveland compare to the national average?
The average annual salary for Electrical Engineers in Fort Collins-Loveland, CO, is $121,650, which is slightly higher than the national average of $121,030.
What is the cost of living in Fort Collins-Loveland, CO for Electrical Engineers?
The Cost of Living Index in Fort Collins-Loveland, CO, is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated is the Electrical Engineer job market in Fort Collins-Loveland, CO?
The job market is slightly more concentrated than the national average, with a Location Quotient of 1.13, suggesting a healthy presence of Electrical Engineering roles.
What is the total number of Electrical Engineers in Fort Collins-Loveland, CO?
There are approximately 240 Electrical Engineers working in the Fort Collins-Loveland, CO area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Fort Collins-Loveland, CO area with a job density of 1.387 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 Fort Collins-Loveland, CO