Petroleum Engineer Salary in Lowell, MA
How much does a petroleum engineer make in Lowell? Explore median, entry-level, and senior salaries adjusted for Lowell's cost of living.
Salary Breakdown by Experience Level
See how petroleum engineer salaries break down across different pay periods in Lowell.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $85,930 | $141,012 | $192,791 |
| Monthly | $7,161 | $11,751 | $16,066 |
| Biweekly | $3,305 | $5,424 | $7,415 |
| Weekly | $1,653 | $2,712 | $3,708 |
| Hourly | $41 | $68 | $93 |
Lowell vs National Average
How Lowell's petroleum engineer salaries compare to national figures.
Cost of Living in Lowell
About Petroleum Engineer
Overview
Design and develop oil and gas extraction and processing systems.
Education
Bachelor's degree in Petroleum Engineering; PE license recommended
Key Skills
Growth Rate
Expected job growth: +15% over the next decade
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Petroleum Engineer Salary in Lowell, MA — Complete Guide
Median Salary Overview
The median salary for a petroleum engineer in Lowell, MA is $141,012 per year, adjusted for the local cost of living index of 112. This figure reflects typical earnings for experienced professionals in this role, considering Lowell's unique economic conditions.
Salary Range and Experience Levels
Entry-level petroleum engineer professionals in Lowell can expect to earn around $85,930 annually. As professionals gain experience, salaries typically increase, with senior-level petroleum engineers earning approximately $192,791 per year. This represents a 124% increase from entry to senior level.
Cost of Living Adjustment
Lowell's cost of living index of 112 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Lowell are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $103,200, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a petroleum engineer's salary in Lowell typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 11.9% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Petroleum Engineers are in growing demand across the United States, with an expected job growth of 15% over the next decade. In Lowell, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.