Electrical Engineer Hourly Pay in Greenwood, IN: $50.85 (2026)
Quick Answer:Hourly pay for a electrical engineer working in Greenwood, IN runs $50.85 at the median for 2026 — annualizing to $105,772 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 17-2071). Weighted against Greenwood's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $55.70 nationally would. A 24-hour part-time schedule grosses $63,462 per year.
Based on BLS state-level estimates · View source
In Greenwood, Indiana, the projected median electrical engineer hourly pay in 2026 is $50.85, which falls short of the national median of $60.11. This hourly figure informs various working arrangements, such as part-time roles often offering a balance of work-life dynamics or per-diem positions that can attract professionals seeking flexibility. For example, working three days a week in a tech environment, such as a semiconductor fab cleanroom or a utility substation, can yield a competitive yet slightly lower hourly rate compared to contract work. Entry-level electrical engineers can expect to earn around $32.81 per hour, while top earners in the field may command up to $76.94, demonstrating a clear pathway for financial growth through experience and specialization.
About the Greenwood 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) | $32.81 | $262.44 |
| Lower Range (P25) | $39.15 | $313.19 |
| Median (P50) | $50.85 | $406.81 |
| Upper Range (P75) | $65.09 | $520.74 |
| Top Earners (P90) | $76.94 | $615.52 |
Estimated Annual Income by Work Schedule in Greenwood
Based on $50.85/hr median hourly rate · 2026 est.
At $50.85/hr, a electrical engineer working full-time (40 hr/wk) in Greenwood, IN can expect to earn approximately $105,769 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $61,021. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Greenwood.
Hourly Rate Calculator
Schedule Comparison in Greenwood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,034.03 | $8,814 | $105,769 |
| Part-Time (24 hrs) | $1,220.42 | $5,288 | $63,462 |
| Per Diem (16 hrs) | $813.61 | $3,526 | $42,308 |
Compare EE Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Electrical Engineer (Greenwood) | $50.85 |
| 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 Greenwood, IN earn a median of $105,772 per year (2026 est.), which is 15.40% lower than the national median of $125,033 and 1.30% above the Indiana state average of $104,414.
Electrical Engineer Hourly Pay vs. Cost of Living
Working 24h/week at $50.85/hr = $63,462/year (purchasing power: $69,509).
Working 40h/week (full-time) = $105,769/year (purchasing power: $115,848).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$40.07/hr
2025 BLS Actual
$49.06/hr
2026 Current Est.
$50.85/hr
2019–2027 Growth
+31.5%
Hourly Rate Trajectory for Electrical Engineers in Greenwood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.07/hr | Actual |
| 2020 | $41.01/hr | Actual |
| 2021 | $40.84/hr | Actual |
| 2022 | $42.02/hr | Actual |
| 2023 | $43.50/hr | Actual |
| 2024 | $43.40/hr | Actual |
| 2025 | $49.06/hr | Actual |
| 2026(current) | $50.85/hr | Estimated |
| 2027 | $52.71/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for electrical engineers in Greenwood grew 22.4% from $40.07/hr (2019) to $49.06/hr (2025). At a 3.65% projected growth rate, hourly pay is expected to reach $52.71/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 Greenwood 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 Greenwood
In terms of part-time work, taking a schedule of 24 hours per week could yield an annual income of approximately $63,000, significantly less than full-time earnings but still with a respectable take-home. Per-diem electrical engineer pay in Greenwood can vary widely; professionals might find themselves billing anywhere from $90 to $170 for regular consulting engagements, with security-cleared roles at defense contractors fetching even higher rates between $150 and $280 per hour. The type of employer plays a significant role in hourly compensation as well, with tech firms often offering greater pay, while utilities provide stability and benefits that some engineers find attractive despite the lower rates. Individual engineers may face a trade-off between seeking positions with robust health benefits versus higher hourly pay but no fringe offerings. Negotiation tactics that emphasize skill sets in demand—especially in semiconductor design—can bolster hourly wage discussions for engineers throughout Greenwood.
More salary data for Greenwood, 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 Greenwood. 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 Greenwood 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