Electrical Engineer Hourly Pay in Fishers, IN: $50.10 (2026)
Quick Answer:Hourly pay for a electrical engineer working in Fishers, IN runs $50.10 at the median for 2026 — annualizing to $104,212 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 17-2071). Weighted against Fishers's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $54.88 nationally would. A 24-hour part-time schedule grosses $62,530 per year.
Based on BLS state-level estimates · View source
In Fishers, Indiana, the electrical engineer hourly pay is projected to be around $50.10 in 2026, which is notably lower than the national hourly median of $60.11. This discrepancy emphasizes the local market's unique characteristics and cost of living, which is below the national average at 91.3. Part-time engineers working three days a week would earn about $31,200 annually at this rate, which can be appealing for those seeking flexible schedules. For per-diem opportunities, the pay range varies significantly, from entry-level positions starting at approximately $30.59 to more experienced engineers earning up to $77.65. Many electrical engineers in Fishers work in high-tech environments such as semiconductor fabrication clean rooms or defense contractor facilities, where these hourly estimates are derived from annual salary data.
About the Fishers Market
Salary estimated from Indiana average ($102,000) adjusted for local cost of living.
Electrical Engineer Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $30.59 | $244.70 |
| Lower Range (P25) | $37.28 | $298.26 |
| Median (P50) | $50.10 | $400.84 |
| Upper Range (P75) | $62.09 | $496.69 |
| Top Earners (P90) | $77.65 | $621.24 |
Estimated Annual Income by Work Schedule in Fishers
Based on $50.10/hr median hourly rate · 2026 est.
At $50.10/hr, a electrical engineer working full-time (40 hr/wk) in Fishers, IN can expect to earn approximately $104,217 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,125. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Fishers.
Hourly Rate Calculator
Schedule Comparison in Fishers
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,004.18 | $8,685 | $104,217 |
| Part-Time (24 hrs) | $1,202.51 | $5,211 | $62,530 |
| Per Diem (16 hrs) | $801.67 | $3,474 | $41,687 |
Compare EE Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Electrical Engineer (Fishers) | $50.10 |
| Mechanical Engineer (National Avg) | $48.61 |
| Computer Hardware Engineer (National Avg) | $69.00 |
| Electronics Engineer (National Avg) | $58.25 |
| Electrical Engineering Technician (National Avg) | $35.08 |
Electrical Engineers in Fishers, IN earn a median of $104,212 per year (2026 est.), which is 16.65% lower than the national median of $125,033 and 0.20% below the Indiana state average of $104,421.
Electrical Engineer Hourly Pay vs. Cost of Living
Working 24h/week at $50.10/hr = $62,530/year (purchasing power: $68,489).
Working 40h/week (full-time) = $104,217/year (purchasing power: $114,148).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$39.48/hr
2025 BLS Actual
$48.34/hr
2026 Current Est.
$50.10/hr
2019–2027 Growth
+31.5%
Hourly Rate Trajectory for Electrical Engineers in Fishers (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $39.48/hr | Actual |
| 2020 | $40.41/hr | Actual |
| 2021 | $40.24/hr | Actual |
| 2022 | $41.40/hr | Actual |
| 2023 | $42.86/hr | Actual |
| 2024 | $44.67/hr | Actual |
| 2025 | $48.34/hr | Actual |
| 2026(current) | $50.10/hr | Estimated |
| 2027 | $51.93/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for electrical engineers in Fishers grew 22.4% from $39.48/hr (2019) to $48.34/hr (2025). At a 3.65% projected growth rate, hourly pay is expected to reach $51.93/hr by 2027. Part-time and per-diem electrical engineers can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Fishers metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.65% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Electrical Engineer in Fishers
Examining earning potential for part-time electrical engineers reveals a more nuanced financial picture. For those working a limited schedule—around 24 hours a week—the annual take-home pay would come to around $31,200, contrasting sharply with full-time roles that potentially exceed $100,000 annually. Contract or per-diem positions present a lucrative alternative, where hourly rates can reach as high as $170, and specialized contract work in chip design can command even $400 per hour. It's common for electrical engineers in Fishers to find lucrative roles in tech companies like Tesla or Intel, which can significantly influence their hourly rates. However, while higher hourly pay may be attractive, many professionals opt for roles that include healthcare benefits, knowing that such packages can bolster overall compensation. Negotiating pay effectively in this context often requires understanding the balance between hourly rates and the value of benefits when working in varying fields such as utilities, automotive, or engineering consulting firms in the area.
More salary data for Fishers, IN:
Frequently Asked Questions
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Written by Amina Patel, MEng, PE
Career Analyst
Amina has over 10 years of experience in power systems engineering. She works at a utility company specializing in renewable energy integration.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.65% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for electrical engineers in Fishers. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Fishers is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.65%, derived from historical BLS wage trends for electrical engineers (SOC 17-2071).
Compiled and verified by Amina Patel, MEng, PE, a licensed electrical engineer with 10+ years of clinical experience. · View source data at BLS.gov