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Average Industrial Engineers Salary in Madison, WI

Industrial Engineers in Madison, WI, earn an average annual salary of $101,700. This figure is slightly below the national average of $107,860, suggesting that while Madison offers competitive compensation, regional economic factors and industry demand play a significant role in local pay scales.

Executive Summary

  • Average Salary: $101,700 per year.
  • Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $133,390.
  • Outlook: Madison, WI, hosts a robust workforce of 1,370 Industrial Engineers, indicating a substantial presence in the local job market. With a Location Quotient of 1.48, the concentration of these professionals is notably higher than the national average, signaling strong demand and a potentially dynamic employment landscape for this role within the region.
2024 Market Data

Salary Overview

$101,700

The average Industrial Engineers in Madison, WI earns-5.7%below the national average.

BreakdownBased on 40h/week
Hourly

$48.9

Weekly

$1,956

Monthly

$8,475

Industrial Engineers Salary Distribution in Madison, WI

The salary trajectory for Industrial Engineers in Madison, WI, typically escalates with experience. Entry-level positions might start closer to the lower percentiles, while senior engineers with specialized skills and extensive project management experience can command salaries in the higher percentiles, reflecting a clear career progression path within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$71,210$34.2
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$76,275$36.7
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$98,360$47.3
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$127,125$61.1
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$133,390$64.1

Detailed Industrial Engineers Market Analysis

Relocation Context

Nominal Salary

$101,700

Gross Pay

Real Wage (Purchasing Power)

$101,700

Adjusted for COL (100)

With an average annual salary of $101,700 and a Cost of Living Index at the national average of 100, Industrial Engineers in Madison, WI, can expect their earnings to align closely with the typical national purchasing power. This means that while the nominal salary is slightly below the national average, the cost of living does not disproportionately diminish its value.

Job Market Context

1,370

Total Jobs

3.37

Per 1K Jobs

1.48

Location Quotient

Above Average

With a location quotient of 1.48, Madison, WI has a slightly higher-than-average concentration of Industrial Engineers roles compared to the national norm.

The Location Quotient of 1.48 for Industrial Engineers in Madison, WI, strongly suggests a market where these professionals are in higher demand relative to the national average. This concentration indicates a specialized need within the local economy, potentially leading to more opportunities and a competitive environment for employers seeking skilled talent.

Nearby Job Markets

Nearby Cities for Industrial Engineers

CitySalaryDist.
Janesville-Beloit, WI Industrial Engineers Salary$97,510↓ 4%33 mi
Rockford, IL Industrial Engineers Salary$92,010↓ 10%59 mi
Fond du Lac, WI Industrial Engineers Salary$96,900↓ 5%68 mi
Milwaukee-Waukesha, WI Industrial Engineers Salary$99,630↓ 2%72 mi
Oshkosh-Neenah, WI Industrial Engineers Salary$94,860↓ 7%77 mi

Comparing salaries near Madison, WI

Hiring Industrial Engineerss?

Frequently Asked Questions

How much does a Industrial Engineers make in Madison, WI?

The median annual salary for a Industrial Engineers in Madison, WI is $101,700. This typically ranges from $71,210 for entry-level positions to $133,390 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 5.7% lower than the national median of $107,860.

Is Madison, WI a lucrative place for Industrial Engineers?

Yes, with caveats.Madison, WI, offers a strong concentration of Industrial Engineers (LQ 1.48) and a solid average salary of $101,700, which aligns with the national cost of living.

Is Madison, WI a good place to live for Industrial Engineers?

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 ($97,510) and Rockford, IL.

How does Madison's Industrial Engineer salary compare to the national average?

The average salary for Industrial Engineers in Madison, WI, is $101,700, which is slightly lower than the national average of $107,860.

What is the concentration of Industrial Engineers in Madison, WI?

Madison, WI, has a higher concentration of Industrial Engineers than the national average, indicated by a Location Quotient of 1.48.

How does the cost of living in Madison, WI affect salary perception?

Madison's Cost of Living Index is exactly at the national average (100), meaning the $101,700 salary has a purchasing power equivalent to the national average.

What does the job market look like for Industrial Engineers in Madison, WI?

The job market appears robust, with a significant local workforce of 1,370 Industrial Engineers and a concentration (LQ) above the national average, suggesting strong regional demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,370 employees in the Madison, WI area with a job density of 3.37 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Industrial Engineers • Data source: BLS OEWS 2024 •Jobs in Madison, WI