Petroleum Engineer Salary in Oxford, MS
How much does a petroleum engineer make in Oxford? Explore median, entry-level, and senior salaries adjusted for Oxford's cost of living.
Salary Breakdown by Experience Level
See how petroleum engineer salaries break down across different pay periods in Oxford.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $43,166 | $70,836 | $96,847 |
| Monthly | $3,597 | $5,903 | $8,071 |
| Biweekly | $1,660 | $2,724 | $3,725 |
| Weekly | $830 | $1,362 | $1,862 |
| Hourly | $21 | $34 | $47 |
Oxford vs National Average
How Oxford's petroleum engineer salaries compare to national figures.
Cost of Living in Oxford
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
Compare Cities: Petroleum Engineer Salary
See Petroleum Engineer salaries in other top cities.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a petroleum engineer salary in Oxford.
Salary Breakdown Calculator
See exactly how your salary breaks down into taxes and take-home pay.
Cost of Living Calculator
Understand your expenses and purchasing power in Oxford.
Budget Calculator
Create a personalized budget based on your income and expenses.
Rent vs Buy Calculator
Compare the true costs of renting versus buying in Oxford.
Petroleum Engineer Salary in Oxford, MS — Complete Guide
Median Salary Overview
The median salary for a petroleum engineer in Oxford, MS is $70,836 per year, adjusted for the local cost of living index of 88. This figure reflects typical earnings for experienced professionals in this role, considering Oxford's unique economic conditions.
Salary Range and Experience Levels
Entry-level petroleum engineer professionals in Oxford can expect to earn around $43,166 annually. As professionals gain experience, salaries typically increase, with senior-level petroleum engineers earning approximately $96,847 per year. This represents a 124% increase from entry to senior level.
Cost of Living Adjustment
Oxford's cost of living index of 88 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Oxford 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 Oxford typically goes toward housing. With a 1-bedroom apartment averaging $850 per month, housing represents about 14.4% 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 Oxford, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.