Electrical Engineer Salary in Loveland, CO
How much does a electrical engineer make in Loveland? Explore median, entry-level, and senior salaries adjusted for Loveland's cost of living.
Salary Breakdown by Experience Level
See how electrical engineer salaries break down across different pay periods in Loveland.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $77,553 | $127,587 | $175,120 |
| Monthly | $6,463 | $10,632 | $14,593 |
| Biweekly | $2,983 | $4,907 | $6,735 |
| Weekly | $1,491 | $2,454 | $3,368 |
| Hourly | $37 | $61 | $84 |
Loveland vs National Average
How Loveland's electrical engineer salaries compare to national figures.
Cost of Living in Loveland
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 Loveland, CO — Complete Guide
Median Salary Overview
The median salary for a electrical engineer in Loveland, CO is $127,587 per year, adjusted for the local cost of living index of 108. This figure reflects typical earnings for experienced professionals in this role, considering Loveland's unique economic conditions.
Salary Range and Experience Levels
Entry-level electrical engineer professionals in Loveland can expect to earn around $77,553 annually. As professionals gain experience, salaries typically increase, with senior-level electrical engineers earning approximately $175,120 per year. This represents a 126% increase from entry to senior level.
Cost of Living Adjustment
Loveland's cost of living index of 108 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Loveland 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 Loveland typically goes toward housing. With a 1-bedroom apartment averaging $1,350 per month, housing represents about 12.7% 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 Loveland, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.