Average Electrical Engineers Salary in Lexington-Fayette, KY
Electrical Engineers in Lexington-Fayette, KY, earn an average annual salary of $104,660. This figure is notably below the national average of $121,030, suggesting that local market dynamics and potentially industry-specific demand in the region influence compensation levels. While the nominal salary is lower, understanding the local economic context is crucial for a complete picture.
Executive Summary
- Average Salary: $104,660 per year.
- Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,870.
- Outlook: The Electrical Engineering job market in Lexington-Fayette, KY, comprises a workforce of 270 professionals. With a Location Quotient of 0.78, the concentration of these roles is slightly below the national average, indicating a moderately developed but not oversaturated market. The presence of nearly one Electrical Engineer per thousand workers (0.957) suggests a stable, albeit not rapidly expanding, demand for these specialized skills within the local economy.
Salary Overview
The average Electrical Engineers in Lexington-Fayette, KY earns-13.5%below the national average.
$50.3
$2,013
$8,722
Electrical Engineers Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette, KY is not provided, it is generally assumed that salaries for Electrical Engineers nationwide have experienced steady growth over the past four years, driven by technological advancements and increasing demand across various sectors. This trend likely extends to the Lexington area, with compensation adjustments reflecting inflation and evolving market needs for engineering expertise.
Electrical Engineers Salary Distribution in Lexington-Fayette, KY
Career progression for Electrical Engineers in Lexington-Fayette, KY, typically correlates with increased earning potential. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with extensive experience and specialized skills can command salaries significantly higher than the average. The widening gap between entry-level and senior-level salaries reflects the value placed on accumulated knowledge and leadership capabilities in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $64,700 | $31.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $78,495 | $37.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $101,160 | $48.6 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $130,825 | $62.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $154,870 | $74.5 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$104,660
Gross Pay
Real Wage (Purchasing Power)
$104,660
Adjusted for COL (100)
The average annual salary of $104,660 for Electrical Engineers in Lexington-Fayette, KY, 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 Lexington is equivalent to that of their national counterparts, offering a stable financial standing relative to the cost of goods and services in the area.
Job Market Context
270
Total Jobs
0.957
Per 1K Jobs
0.78
Location Quotient
Lexington-Fayette, KY has 0.78x the national average concentration of Electrical Engineers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.78, Lexington-Fayette, KY, has a slightly lower concentration of Electrical Engineers compared to the national average. This suggests that while the demand exists, the market is not saturated, potentially offering good opportunities for skilled professionals. It indicates a healthy balance where employers can find talent, but specialized expertise might be a valuable asset for job seekers.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Electrical Engineers Salary | $94,560↓ 10% | 28 mi |
| South Central Kentucky nonmetropolitan area Electrical Engineers Salary | $90,810↓ 13% | 28 mi |
| West Kentucky nonmetropolitan area Electrical Engineers Salary | $98,620↓ 6% | 28 mi |
| East Kentucky nonmetropolitan area Electrical Engineers Salary | $91,720↓ 12% | 28 mi |
| Louisville/Jefferson County, KY-IN Electrical Engineers Salary | $98,760↓ 6% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Lexington-Fayette, KY?
The median annual salary for a Electrical Engineers in Lexington-Fayette, KY is $104,660. This typically ranges from $64,700 for entry-level positions to $154,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 13.5% lower than the national median of $121,030.
Is Lexington-Fayette, KY a lucrative place for Electrical Engineers?
No, not exceptionally lucrative compared to the national average.The average salary of $104,660 is below the national average of $121,030, though the cost of living is on par with the national average.
Is Lexington-Fayette, KY a good place to live for Electrical Engineers?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($94,560) and South Central Kentucky nonmetropolitan area.
What is the average salary for an Electrical Engineer in Lexington-Fayette, KY?
The average annual salary for an Electrical Engineer in Lexington-Fayette, KY, is $104,660.
How does the Lexington-Fayette, KY salary compare to the national average?
The average salary in Lexington-Fayette, KY ($104,660) is lower than the national average of $121,030.
What is the cost of living in Lexington-Fayette, KY?
The cost of living index in Lexington-Fayette, KY, is 100, which is the national average.
How concentrated is the Electrical Engineer job market in Lexington-Fayette, KY?
The concentration of Electrical Engineers in Lexington-Fayette, KY, is slightly below the national average, with a Location Quotient of 0.78.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Lexington-Fayette, KY area with a job density of 0.957 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 Lexington-Fayette, KY