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Electrical Engineer Salary in McKinney, TX

How much does a electrical engineer make in McKinney? Explore median, entry-level, and senior salaries adjusted for McKinney's cost of living.

Median Salary
$104,380
per year in McKinney
Entry Level
$63,446
Starting salary
Senior Level
$143,267
Experienced professionals
Cost of Living
111
11% above national avg

Salary Breakdown by Experience Level

See how electrical engineer salaries break down across different pay periods in McKinney.

PeriodEntry LevelMedianSenior
Annual$63,446$104,380$143,267
Monthly$5,287$8,698$11,939
Biweekly$2,440$4,015$5,510
Weekly$1,220$2,007$2,755
Hourly$31$50$69

McKinney vs National Average

How McKinney's electrical engineer salaries compare to national figures.

McKinney Salary
$104,380
COL Index: 111
National Average
$115,820
COL Index: 100
Difference
-$11,440
Lower in McKinney

Cost of Living in McKinney

1-Bedroom Rent
$1,600
per month
Median Income
$68,234
per year
Population
184,246
residents
Rent % of Income
28.1%
median household
Cost of Living Index: 111 — A score of 100 represents the U.S. average. Salaries in McKinney have been adjusted to account for local cost differences.

About Electrical Engineer

Overview

Design and develop electrical equipment, systems, and components.

Education

Bachelor's degree in Electrical Engineering; PE license recommended

Key Skills

Circuit DesignElectrical SystemsAutoCADPower Systems

Growth Rate

Expected job growth: +19% over the next decade

Compare Cities: Electrical Engineer Salary

See Electrical Engineer salaries in other top cities.

New York, NY
$127,160
+22%
Los Angeles, CA
$134,900
+29%
Chicago, IL
$109,010
+4%
Houston, TX
$110,210
+6%
Phoenix, AZ
$109,820
+5%

Financial Tools to Explore

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Electrical Engineer Salary in McKinney, TX — Complete Guide

Median Salary Overview

The median salary for a electrical engineer in McKinney, TX is $104,380 per year, adjusted for the local cost of living index of 111. This figure reflects typical earnings for experienced professionals in this role, considering McKinney's unique economic conditions.

Salary Range and Experience Levels

Entry-level electrical engineer professionals in McKinney can expect to earn around $63,446 annually. As professionals gain experience, salaries typically increase, with senior-level electrical engineers earning approximately $143,267 per year. This represents a 126% increase from entry to senior level.

Cost of Living Adjustment

McKinney's cost of living index of 111 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in McKinney 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 McKinney typically goes toward housing. With a 1-bedroom apartment averaging $1,600 per month, housing represents about 18.4% 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 McKinney, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.