Average Electrical Engineers Salary in Richmond, VA
Electrical Engineers in Richmond, VA, command an average annual salary of $117,020. This figure is slightly below the national average of $121,030, but the local economic landscape and specific industry demands in the Richmond area contribute to this competitive compensation. Factors such as the concentration of relevant industries and the demand for specialized engineering talent play a significant role in shaping local pay scales.
Executive Summary
- Average Salary: $117,020 per year.
- Growth Trend: Salaries have shifted 17.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,910.
- Outlook: With a local workforce of 830 Electrical Engineers and a Location Quotient of 1.03, Richmond, VA, demonstrates a healthy and slightly above-average concentration of these professionals. This indicates a stable demand for electrical engineering expertise within the region, suggesting a robust job market that can support current employment levels and potentially offer opportunities for growth.
Salary Overview
The average Electrical Engineers in Richmond, VA earns-3.3%below the national average.
$56.3
$2,250
$9,752
Electrical Engineers Salary Trends (2020-2024)
While specific historical data for Richmond, VA, is not provided, it is reasonable to assume that salaries for Electrical Engineers have experienced a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing technological complexity, evolving industry standards, and a persistent demand for skilled engineering professionals across various sectors.
Electrical Engineers Salary Distribution in Richmond, VA
The salary trajectory for Electrical Engineers in Richmond, VA, naturally escalates with experience. Entry-level positions typically start at the lower end of the pay scale, while senior engineers with extensive expertise and specialized skills can command significantly higher salaries, often reaching into the top percentiles. This progression reflects the increasing value and responsibility associated with more experienced roles in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $77,810 | $37.4 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $87,765 | $42.2 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $110,500 | $53.1 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $146,275 | $70.3 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $164,910 | $79.3 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$117,020
Gross Pay
Real Wage (Purchasing Power)
$117,020
Adjusted for COL (100)
An average annual salary of $117,020 in Richmond, VA, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of an Electrical Engineer's salary in Richmond is equivalent to that of an engineer earning the national average in a typical U.S. city, offering a stable financial footing for residents.
Job Market Context
830
Total Jobs
1.267
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Richmond, VA has a slightly higher-than-average concentration of Electrical Engineers roles compared to the national norm.
The Location Quotient of 1.03 for Electrical Engineers in Richmond, VA, signifies a job market that is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps even slightly elevated compared to other regions, the market is not oversaturated, indicating a competitive but accessible environment for skilled professionals.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Electrical Engineers Salary | $112,050↓ 4% | 41 mi |
| Northern West Virginia nonmetropolitan area Electrical Engineers Salary | $110,580↓ 6% | 41 mi |
| Southwest Virginia nonmetropolitan area Electrical Engineers Salary | $105,020↓ 10% | 41 mi |
| Northwest Virginia nonmetropolitan area Electrical Engineers Salary | $116,110↓ 1% | 41 mi |
| Southern West Virginia nonmetropolitan area Electrical Engineers Salary | $107,150↓ 8% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Richmond, VA?
The median annual salary for a Electrical Engineers in Richmond, VA is $117,020. This typically ranges from $77,810 for entry-level positions to $164,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 3.3% lower than the national median of $121,030.
Is Richmond, VA a lucrative place for Electrical Engineers?
Yes, Richmond, VA offers competitive compensation for Electrical Engineers.With an average salary of $117,020 and a cost of living matching the national average, the nominal pay holds strong purchasing power. The slightly above-average concentration of engineers also points to a healthy demand for the role.
Is Richmond, VA a good place to live for Electrical Engineers?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($112,050) and Northern West Virginia nonmetropolitan area.
How does Richmond's Electrical Engineer salary compare to the national average?
The average salary for Electrical Engineers in Richmond, VA, is $117,020, which is slightly lower than the national average of $121,030.
What is the cost of living in Richmond, VA for Electrical Engineers?
The cost of living in Richmond, VA, is exactly at the national average, indexed at 100, meaning your salary's purchasing power is comparable to the national standard.
How concentrated is the Electrical Engineer job market in Richmond, VA?
Richmond, VA has a Location Quotient of 1.03 for Electrical Engineers, indicating a slightly higher concentration of these professionals than the national average.
What is the total number of Electrical Engineers in Richmond, VA?
There are approximately 830 Electrical Engineers working in the Richmond, VA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 830 employees in the Richmond, VA area with a job density of 1.267 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 Richmond, VA