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Average Petroleum Engineers Salary in Wyoming

Petroleum Engineers in Wyoming command an impressive average annual salary of $173,320, significantly surpassing the national average of $154,300. This elevated compensation is largely driven by the state's rich natural resources and the specialized demand for expertise in extraction and management within its robust energy sector.

Executive Summary

  • Average Salary: $173,320 per year.
  • Growth Trend: Salaries have shifted 48.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $259,980.
  • Outlook: Wyoming's petroleum engineering job market, while modest in total workforce size at 320 individuals, demonstrates exceptional concentration with a Location Quotient of 9.48. This indicates a highly specialized and robust demand for these professionals within the state, suggesting a stable and potentially growing job market for experienced engineers.
2024 Market Data

Salary Overview

$173,320

The average Petroleum Engineers in Wyoming earns+12.3%above the national average.

BreakdownBased on 40h/week
Hourly

$83.3

Weekly

$3,333

Monthly

$14,443

Petroleum Engineers Salary Distribution in Wyoming

Salary progression for Petroleum Engineers in Wyoming typically scales significantly with experience. Entry-level positions may start considerably lower, but mid-career and senior engineers can expect to earn well above the average, with top earners potentially reaching much higher figures. The substantial gap between entry-level and senior salaries highlights clear career advancement opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$100,110$48.1
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$129,990$62.5
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$152,770$73.4
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$216,650$104.2
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$259,980$125

Detailed Petroleum Engineers Market Analysis

Relocation Context

Nominal Salary

$173,320

Gross Pay

Real Wage (Purchasing Power)

$186,767

Adjusted for COL (92.8)

The average annual salary of $173,320 in Wyoming offers substantial purchasing power, especially when contrasted with the state's Cost of Living Index of 92.8, which is below the national average of 100. This means that the nominal salary translates into a higher real income, allowing for a comfortable lifestyle and greater savings potential compared to more expensive states.

Job Market Context

320

Total Jobs

1.166

Per 1K Jobs

9.48

Location Quotient

Major Hub

Wyoming has 9.5x the national concentration of Petroleum Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 9.48, Wyoming exhibits an exceptionally high concentration of Petroleum Engineers relative to the national average. This suggests a specialized and mature market where these professionals are in high demand and form a significant part of the local industry, potentially leading to competitive compensation and fewer, but more impactful, job opportunities.

Nearby Job Markets

Nearby Cities for Petroleum Engineers

CitySalaryDist.
Casper, WY Petroleum Engineers Salary$152,830↓ 12%50 mi

Comparing salaries near Wyoming

Hiring Petroleum Engineerss?

Frequently Asked Questions

How much does a Petroleum Engineers make in Wyoming?

The median annual salary for a Petroleum Engineers in Wyoming is $173,320. This typically ranges from $100,110 for entry-level positions to $259,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Wyoming is 12.3% higher than the national median of $154,300.

Is Wyoming a lucrative place for Petroleum Engineers?

Yes, Wyoming is a highly lucrative state for Petroleum Engineers.Petroleum Engineers in Wyoming earn significantly above the national average salary, and the lower cost of living further enhances their real income potential.

Is Wyoming a good place to live for Petroleum Engineers?

With a Cost of Living Index of 92.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Wyoming?

Some top paying nearby cities include Casper, WY ($152,830) and others.

What is the average salary for a Petroleum Engineer in Wyoming?

The average annual salary for a Petroleum Engineer in Wyoming is $173,320.

How does Wyoming's cost of living compare to the national average?

Wyoming's cost of living is below the national average, with an index of 92.8 compared to the national baseline of 100.

Is there high demand for Petroleum Engineers in Wyoming?

Yes, the Location Quotient of 9.48 indicates a very high concentration and demand for Petroleum Engineers in Wyoming relative to the rest of the country.

How many Petroleum Engineers work in Wyoming?

There are approximately 320 Petroleum Engineers employed in Wyoming.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Wyoming area with a job density of 1.166 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Petroleum Engineers • Data source: BLS OEWS 2024 •Jobs in Wyoming