Electrical Engineer Hourly Pay in Peabody, MA: $59.41 (2026)
Quick Answer:Hourly pay for a electrical engineer working in Peabody, MA runs $59.41 at the median for 2026 — annualizing to $123,587 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 17-2071). Weighted against Peabody's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $54.76 nationally would. A 24-hour part-time schedule grosses $74,146 per year.
Based on BLS state-level estimates · View source
In Peabody, Massachusetts, the projected hourly pay for electrical engineers is $59.41, which is slightly below the national median of $60.11. This hourly rate provides a substantial earning potential for professionals in the field, especially those working part-time or in per-diem roles within tech company hardware labs, semiconductor fabrication clean rooms, and defense contractor environments. Workers in these settings often utilize specialized equipment and may have flexible schedules, making this profession appealing for those seeking balance in their work-life dynamics. Entry-level engineers can expect to earn around $36.60 per hour, while top earners in the field can command rates upwards of $92.09 per hour, reflecting the range and skill set required across various job types.
About the Peabody Market
Salary estimated from Massachusetts average ($132,000) adjusted for local cost of living.
Electrical Engineer Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $36.60 | $292.79 |
| Lower Range (P25) | $46.72 | $373.72 |
| Median (P50) | $59.41 | $475.30 |
| Upper Range (P75) | $73.87 | $590.97 |
| Top Earners (P90) | $92.09 | $736.74 |
Estimated Annual Income by Work Schedule in Peabody
Based on $59.41/hr median hourly rate · 2026 est.
At $59.41/hr, a electrical engineer working full-time (40 hr/wk) in Peabody, MA can expect to earn approximately $123,577 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,295. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Peabody.
Hourly Rate Calculator
Schedule Comparison in Peabody
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,376.49 | $10,298 | $123,577 |
| Part-Time (24 hrs) | $1,425.89 | $6,179 | $74,146 |
| Per Diem (16 hrs) | $950.59 | $4,119 | $49,431 |
Compare EE Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Electrical Engineer (Peabody) | $59.41 |
| 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 Peabody, MA earn a median of $123,587 per year (2026 est.), which is 1.16% lower than the national median of $125,033 and 0.10% above the Massachusetts state average of $123,464.
Electrical Engineer Hourly Pay vs. Cost of Living
Working 24h/week at $59.41/hr = $74,146/year (purchasing power: $68,338).
Working 40h/week (full-time) = $123,577/year (purchasing power: $113,896).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$46.82/hr
2025 BLS Actual
$57.32/hr
2026 Current Est.
$59.41/hr
2019–2027 Growth
+31.5%
Hourly Rate Trajectory for Electrical Engineers in Peabody (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.82/hr | Actual |
| 2020 | $47.91/hr | Actual |
| 2021 | $47.72/hr | Actual |
| 2022 | $49.09/hr | Actual |
| 2023 | $50.82/hr | Actual |
| 2024 | $68.92/hr | Actual |
| 2025 | $57.32/hr | Actual |
| 2026(current) | $59.41/hr | Estimated |
| 2027 | $61.58/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for electrical engineers in Peabody grew 22.4% from $46.82/hr (2019) to $57.32/hr (2025). At a 3.65% projected growth rate, hourly pay is expected to reach $61.58/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 Peabody 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 Peabody
For those considering part-time positions as electrical engineers, the annual income derived from a three-day work week, accumulating 24 hours, can yield a yearly take-home that effectively positions them well against full-time salaries. Per-diem contracts frequently allow workers to command higher pay, sometimes billing between $90 and $170 per hour for general roles; however, specialized positions—like those requiring security clearance or expertise in chip design—can see rates soar to between $150 and $400 per hour. While specific employers in Peabody, such as tech giants and defense contractors, may provide attractive hourly rates, some electrical engineers opt for roles that include health benefits and pensions, even if that results in lower hourly earnings. Practical negotiation for hourly workers often centers on weighing direct compensation against available benefits, ensuring that financial and lifestyle goals align in this dynamic sector.
More salary data for Peabody, MA:
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 Peabody. 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 Peabody 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