Average Electrical Engineers Salary in Fort Wayne, IN
Electrical Engineers in Fort Wayne, IN, earn an average annual salary of $103,220. This figure is notably below the national average of $121,030, suggesting that local market dynamics and potentially a different industry focus influence compensation in this specific region. Understanding these local factors is key to evaluating career opportunities.
Executive Summary
- Average Salary: $103,220 per year.
- Growth Trend: Salaries have shifted 2.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $160,820.
- Outlook: With a total local workforce of 340 Electrical Engineers, Fort Wayne presents a concentrated, albeit not massive, job market. The Location Quotient of 1.26 indicates a higher concentration of these professionals than the national average, suggesting a stable demand and a specialized ecosystem for electrical engineering roles within the area.
Salary Overview
The average Electrical Engineers in Fort Wayne, IN earns-14.7%below the national average.
$49.6
$1,985
$8,602
Electrical Engineers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Electrical Engineers in Fort Wayne have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for specialized skills, and economic development within the region likely contribute to a positive salary trajectory.
Electrical Engineers Salary Distribution in Fort Wayne, IN
Salary progression for Electrical Engineers in Fort Wayne, as elsewhere, is typically tied to experience and specialization. Entry-level positions will command lower salaries, while senior engineers with extensive project management experience and advanced technical skills can expect significantly higher compensation. The variance between entry-level and senior roles reflects substantial career growth opportunities and the increasing value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $66,960 | $32.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $77,415 | $37.2 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $97,720 | $47 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $129,025 | $62 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $160,820 | $77.3 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$103,220
Gross Pay
Real Wage (Purchasing Power)
$103,220
Adjusted for COL (100)
The average annual salary of $103,220 in Fort Wayne aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Electrical Engineer's salary in Fort Wayne is equivalent to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
340
Total Jobs
1.539
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Fort Wayne, IN has a slightly higher-than-average concentration of Electrical Engineers roles compared to the national norm.
A Location Quotient of 1.26 signifies that Fort Wayne has a greater concentration of Electrical Engineers relative to the national average. This suggests a robust and specialized local market for these professionals, potentially indicating a higher demand or a more established industry presence that attracts and retains engineering talent compared to other regions.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Elkhart-Goshen, IN Electrical Engineers Salary | $78,070↓ 24% | 59 mi |
| Kokomo, IN Electrical Engineers Salary | $100,540↓ 3% | 67 mi |
| South Bend-Mishawaka, IN-MI Electrical Engineers Salary | $101,560↓ 2% | 71 mi |
Comparing salaries near Fort Wayne, IN
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Fort Wayne, IN?
The median annual salary for a Electrical Engineers in Fort Wayne, IN is $103,220. This typically ranges from $66,960 for entry-level positions to $160,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 14.7% lower than the national median of $121,030.
Is Fort Wayne, IN a lucrative place for Electrical Engineers?
Yes, it offers competitive compensation relative to its cost of living.While the average salary is below the national average, Fort Wayne's Cost of Living Index is also at the national average, making the $103,220 salary hold its purchasing power effectively.
Is Fort Wayne, IN a good place to live for Electrical Engineers?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Elkhart-Goshen, IN ($78,070) and Kokomo, IN.
How does the Fort Wayne Electrical Engineer salary compare to the national average?
The average annual salary for Electrical Engineers in Fort Wayne, IN, is $103,220, which is lower than the national average of $121,030.
What is the concentration of Electrical Engineers in Fort Wayne?
Fort Wayne has a Location Quotient of 1.26, indicating a higher concentration of Electrical Engineers compared to the national average.
Does the cost of living affect the value of an Electrical Engineer's salary in Fort Wayne?
No, the local Cost of Living Index is 100, matching the national average, meaning the $103,220 salary has the same purchasing power as the national average salary.
How many Electrical Engineers are employed in Fort Wayne?
There are approximately 340 Electrical Engineers employed in Fort Wayne, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Fort Wayne, IN area with a job density of 1.539 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 Wayne, IN