Average Industrial Engineering Technologists and Technicians Salary in Madison, WI
Industrial Engineering Technologists and Technicians in Madison, WI, earn an average annual salary of $65,500. This figure is slightly below the national average of $69,540, suggesting localized market dynamics and potentially a different demand-supply equilibrium at play. Factors such as the specific industry mix and the concentration of related businesses within Madison contribute to this pay scale.
Executive Summary
- Average Salary: $65,500 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,970.
- Outlook: With a local workforce of 270 Industrial Engineering Technologists and Technicians, Madison presents a moderately sized but concentrated job market. The Location Quotient of 1.42 indicates a higher-than-average presence of these professionals relative to the national distribution, suggesting a stable demand for their specialized skills within the region's industrial landscape.
Salary Overview
The average Industrial Engineering Technologists and Technicians in Madison, WI earns-5.8%below the national average.
$31.5
$1,260
$5,458
Industrial Engineering Technologists and Technicians Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Industrial Engineering Technologists and Technicians in Madison have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for efficiency improvements, and the evolving complexity of industrial processes.
Industrial Engineering Technologists and Technicians Salary Distribution in Madison, WI
The salary trajectory for Industrial Engineering Technologists and Technicians in Madison, WI, typically escalates with experience. Entry-level positions might start closer to the lower percentiles, while senior roles, commanding higher salaries, are found in the upper percentiles. This progression signifies a clear career path and the increasing value placed on accumulated expertise and problem-solving capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $50,540 | $24.3 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $49,125 | $23.6 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $64,890 | $31.2 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $81,875 | $39.4 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $81,970 | $39.4 |
Detailed Industrial Engineering Technologists and Technicians Market Analysis
Relocation Context
Nominal Salary
$65,500
Gross Pay
Real Wage (Purchasing Power)
$65,500
Adjusted for COL (100)
The average annual salary of $65,500 in Madison, WI, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Industrial Engineering Technologist's salary in Madison is equivalent to that of their national counterpart, making it a financially stable location for these professionals.
Job Market Context
270
Total Jobs
0.676
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Madison, WI has a slightly higher-than-average concentration of Industrial Engineering Technologists and Technicians roles compared to the national norm.
Madison, WI, exhibits a notable concentration of Industrial Engineering Technologists and Technicians, as evidenced by a Location Quotient of 1.42. This suggests that the city is a more significant hub for this profession than the national average, potentially indicating a competitive environment for job seekers but also a robust ecosystem of opportunities and specialized firms.
Nearby Job Markets
Nearby Cities for Industrial Engineering Technologists and Technicians
Comparing salaries near Madison, WI
Hiring Industrial Engineering Technologists and Technicianss?
Frequently Asked Questions
How much does a Industrial Engineering Technologists and Technicians make in Madison, WI?
The median annual salary for a Industrial Engineering Technologists and Technicians in Madison, WI is $65,500. This typically ranges from $50,540 for entry-level positions to $81,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 5.8% lower than the national median of $69,540.
Is Madison, WI a lucrative place for Industrial Engineering Technologists and Technicianss?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living in Madison is exactly at the national average, making the nominal salary hold its purchasing power effectively.
Is Madison, WI a good place to live for Industrial Engineering Technologists and Technicians?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($69,360) and Rockford, IL.
How does Madison's salary compare to the national average?
The average annual salary for Industrial Engineering Technologists and Technicians in Madison, WI is $65,500, which is slightly lower than the national average of $69,540.
What is the concentration of Industrial Engineering Technologists and Technicians in Madison?
Madison has a higher concentration of these professionals than the national average, with a Location Quotient of 1.42, indicating a significant presence in the local job market.
How does the cost of living in Madison affect salary perception?
With a Cost of Living Index of 100, Madison's cost of living is on par with the national average. This means the $65,500 salary offers a comparable standard of living to the national average.
What does the job market size indicate for Industrial Engineering Technologists and Technicians in Madison?
The local workforce of 270 and 0.676 jobs per 1,000 workers suggest a defined but potentially stable market for these roles within Madison's economy.
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 Madison, WI area with a job density of 0.676 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Engineering Technologists and Technicians • Data source: BLS OEWS 2024 •Jobs in Madison, WI