Electrical Engineer Salary in Lafayette, CO
How much does a electrical engineer make in Lafayette? Explore median, entry-level, and senior salaries adjusted for Lafayette's cost of living.
Salary Breakdown by Experience Level
See how electrical engineer salaries break down across different pay periods in Lafayette.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $86,170 | $141,764 | $194,578 |
| Monthly | $7,181 | $11,814 | $16,215 |
| Biweekly | $3,314 | $5,452 | $7,484 |
| Weekly | $1,657 | $2,726 | $3,742 |
| Hourly | $41 | $68 | $94 |
Lafayette vs National Average
How Lafayette's electrical engineer salaries compare to national figures.
Cost of Living in Lafayette
About Electrical Engineer
Overview
Design and develop electrical equipment, systems, and components.
Education
Bachelor's degree in Electrical Engineering; PE license recommended
Key Skills
Growth Rate
Expected job growth: +19% over the next decade
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Electrical Engineer Salary in Lafayette, CO — Complete Guide
Median Salary Overview
The median salary for a electrical engineer in Lafayette, CO is $141,764 per year, adjusted for the local cost of living index of 120. This figure reflects typical earnings for experienced professionals in this role, considering Lafayette's unique economic conditions.
Salary Range and Experience Levels
Entry-level electrical engineer professionals in Lafayette can expect to earn around $86,170 annually. As professionals gain experience, salaries typically increase, with senior-level electrical engineers earning approximately $194,578 per year. This represents a 126% increase from entry to senior level.
Cost of Living Adjustment
Lafayette's cost of living index of 120 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Lafayette are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $115,820, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a electrical engineer's salary in Lafayette typically goes toward housing. With a 1-bedroom apartment averaging $1,550 per month, housing represents about 13.1% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Electrical Engineers are in growing demand across the United States, with an expected job growth of 19% over the next decade. In Lafayette, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.