Electrical Engineer Hourly Pay in Franklin, IN: $49.37 (2026)
Quick Answer:Hourly pay for a electrical engineer working in Franklin, IN runs $49.37 at the median for 2026 — annualizing to $102,690 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 17-2071). Weighted against Franklin's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $54.07 nationally would. A 24-hour part-time schedule grosses $61,612 per year.
Based on BLS state-level estimates · View source
In Franklin, Indiana, the electrical engineer hourly pay is projected to be $49.37 in 2026, which falls short of the national median hourly rate of $60.11. This discrepancy indicates that while engineers in Franklin can earn a respectable wage, they are likely to find better opportunities elsewhere. The local hourly rate supports various employment arrangements, including part-time work at tech companies or specialized facilities like semiconductor fabs and defense contractor locations. For instance, a part-time electrical engineer working three days a week might find themselves earning between $31.55 to $72.58 an hour, depending on their experience and specific roles. This structure makes the profession attractive for those looking to balance other commitments, or even pursue per-diem work in high-demand areas where hourly pay could spike significantly.
About the Franklin 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) | $31.55 | $252.41 |
| Lower Range (P25) | $37.65 | $301.17 |
| Median (P50) | $49.37 | $394.95 |
| Upper Range (P75) | $61.65 | $493.21 |
| Top Earners (P90) | $72.58 | $580.61 |
Estimated Annual Income by Work Schedule in Franklin
Based on $49.37/hr median hourly rate · 2026 est.
At $49.37/hr, a electrical engineer working full-time (40 hr/wk) in Franklin, IN can expect to earn approximately $102,686 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $59,242. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,974.74 | $8,557 | $102,686 |
| Part-Time (24 hrs) | $1,184.84 | $5,134 | $61,612 |
| Per Diem (16 hrs) | $789.90 | $3,423 | $41,075 |
Compare EE Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Electrical Engineer (Franklin) | $49.37 |
| 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 Franklin, IN earn a median of $102,690 per year (2026 est.), which is 17.87% lower than the national median of $125,033 and 1.70% below the Indiana state average of $104,466.
Electrical Engineer Hourly Pay vs. Cost of Living
Working 24h/week at $49.37/hr = $61,612/year (purchasing power: $67,483).
Working 40h/week (full-time) = $102,686/year (purchasing power: $112,471).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$38.90/hr
2025 BLS Actual
$47.63/hr
2026 Current Est.
$49.37/hr
2019–2027 Growth
+31.5%
Hourly Rate Trajectory for Electrical Engineers in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $38.90/hr | Actual |
| 2020 | $39.81/hr | Actual |
| 2021 | $39.65/hr | Actual |
| 2022 | $40.80/hr | Actual |
| 2023 | $42.23/hr | Actual |
| 2024 | $44.01/hr | Actual |
| 2025 | $47.63/hr | Actual |
| 2026(current) | $49.37/hr | Estimated |
| 2027 | $51.17/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for electrical engineers in Franklin grew 22.4% from $38.90/hr (2019) to $47.63/hr (2025). At a 3.65% projected growth rate, hourly pay is expected to reach $51.17/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 Franklin 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 Franklin
For those considering part-time work as an electrical engineer in Franklin, the annual take-home can considerably differ from a full-time position. By working just 24 hours a week, an engineer could expect earnings significantly lower than their full-time counterparts unless tapping into per-diem positions, which can demand rates ranging from $90 to $400 an hour, depending on specialization and employer type. Many engineers—especially in the semiconductor sector—find themselves drawn to contract roles that pay premium rates but may lack key benefits. Though hourly workers can bargain higher rates, some accept lower pay for the stability and benefits that come with full-time employment. The variety in earning potential across different sectors in Franklin—ranging from automotive and utility companies to technology and defense contractors—presents a complex decision-making landscape for electrical engineers. Familiarizing oneself with local market conditions and industry expectations is fundamental for effective negotiation and career planning in this evolving market.
More salary data for Franklin, 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 Franklin. 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 Franklin 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