Electrical Engineer Salary in Faribault, MN: $116,338 (2026)
Quick Answer:A full-time electrical engineer in Faribault, MN earns a median $116,338/year (≈ $55.93/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 17-2071). Once you factor in Faribault's price level (1% below national, BEA RPP 98.5), that paycheck buys what $118,110 would nationally. Nominal pay sits 5.5% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, electrical engineers in Faribault, Minnesota, can expect a median annual salary of $116,338, which positions them approximately 6.95% below the national average of $125,033. The salary range for this role varies quite significantly, with the lower 10th percentile earning around $75,014 and those at the 90th percentile reaching up to $170,796. These figures are derived from state-level projections based on BLS data and adjusted for regional cost factors. Unlike larger metropolitan areas which typically offer higher wages, Faribault presents distinct opportunities primarily in semiconductor and chip design sectors as well as utility power systems, reflecting the specialized nature of the local job market.
About the Faribault Market
Salary estimated from Minnesota average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,014 | $36.06 |
| Lower Range (P25) | $88,879 | $42.73 |
| Median (P50)(typical) | $116,338 | $55.93 |
| Upper Range (P75) | $146,160 | $70.26 |
| Top Earners (P90) | $170,796 | $82.11 |
Median Salary Position
6.95% below the national average
2026 Salary Percentile Distribution in Faribault
In Faribault, MN, the electrical engineer salary spread from the 10th to 90th percentile is $95,782 (2026 est.). At $116,338, the local median is 6.95% below the national median of $125,033.
Salary Calculator
At 40 hours/week in Faribault: You'd be in the lower-middle range
How Faribault Electrical Engineer Pay Compares
Faribault median: $116,338/year (2026)
| Compared To | Median Salary | Faribault Pays |
|---|---|---|
| Minnesota Average | $123,109 | -5.50% less |
| National Average | $125,033 | -6.95% less |
Electrical Engineers in Faribault, MN earn a median of $116,338 per year (2026 est.), which is 6.95% lower than the national median of $125,033 and 5.50% below the Minnesota state average of $123,109.
Cost-of-Living Adjusted Salary
Faribault has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Faribault, MN has a cost-of-living index of 98.5 (below the national average of 100). A electrical engineer earning $116,338 nominally has purchasing power equivalent to $118,110 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$91,678
2025 BLS Actual
$112,241
2026 Current Est.
$116,338
2019–2027 Growth
+31.5%
Salary Trajectory for Electrical Engineers in Faribault (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $91,678 | Actual |
| 2020 | $93,818 | Actual |
| 2021 | $93,436 | Actual |
| 2022 | $96,135 | Actual |
| 2023 | $99,512 | Actual |
| 2024 | $107,002 | Actual |
| 2025 | $112,241 | Actual |
| 2026(current) | $116,338 | Estimated |
| 2027 | $120,584 | Projected |
Based on 7 years of BLS OEWS data for the Faribault metropolitan area, the median electrical engineer salary grew 22.4% from $91,678 (2019) to $112,241 (2025). At a 3.65% compound annual growth rate, salaries are projected to reach $120,584 by 2027 — a total increase of $28,906 (31.53%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Faribault 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $75,014 – $88,879 |
| 3-5 years (Mid Career) | $88,879 – $116,338 |
| 5+ years (Experienced) | $116,338 – $146,160 |
| 10+ years (Top Earner) | $146,160 – $170,796 |
EE salary ranges estimated from BLS percentile data. Individual electrical engineer compensation varies by employer, certifications, and specialization.
Electrical Engineer Job Market in Faribault
The job market in Faribault is relatively limited, with only six employed electrical engineers, which underscores the selective hiring landscape. Coupled with a cost-of-living index of 98.5, salaries afford a comfortable living, although take-home purchasing power may be lower when set against the national standard. Employers in the region include potential players from the defense sector and companies that focus on utility roles, which typically offer stability but lower pay compared to semiconductor firms. To maximize earnings in this market, engineers should consider developing qualifications that attract higher pay, such as obtaining security clearances for defense-related positions or advancing through management roles rather than individual contributor tracks. Engaging with local professional networks like IEEE and pursuing certifications may lead to enhanced career opportunities and a stronger salary trajectory in the years ahead.
More salary data for Faribault, MN:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $112,241 for electrical engineersin the Faribault metropolitan area. A 3.65% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Faribault 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