Electrical Engineer Salary in Lakeville, MN: $121,004 (2026)
Quick Answer:A full-time electrical engineer in Lakeville, MN earns a median $121,004/year (≈ $58.18/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 17-2071). Once you factor in Lakeville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $122,847 would nationally. Nominal pay sits 1.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Lakeville, MN, the electrical engineer salary is projected to reach a median annual income of $121,004 in 2026. This figure falls slightly below the national median of $125,033, reflecting the local market's unique dynamics. Salaries for electrical engineers in the area range from $80,481 at the 10th percentile to $187,557 at the 90th percentile, demonstrating a significant disparity based on experience and specific skills. Local estimates derived from state-level BLS data and regional cost adjustments highlight that engineers pursuing careers along the management track may see substantial total compensation jumps compared to those who remain on the individual contributor (IC) path. This nuanced approach to career advancement in electrical engineering is particularly relevant in the current job market of Lakeville, where demand for skilled professionals continues to be robust.
About the Lakeville Market
Salary estimated from Minnesota average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $80,481 | $38.69 |
| Lower Range (P25) | $95,075 | $45.71 |
| Median (P50)(typical) | $121,004 | $58.18 |
| Upper Range (P75) | $150,235 | $72.23 |
| Top Earners (P90) | $187,557 | $90.18 |
Median Salary Position
3.22% below the national average
2026 Salary Percentile Distribution in Lakeville
In Lakeville, MN, the electrical engineer salary spread from the 10th to 90th percentile is $107,076 (2026 est.). At $121,004, the local median is 3.22% below the national median of $125,033.
Salary Calculator
At 40 hours/week in Lakeville: You'd be in the lower-middle range
How Lakeville Electrical Engineer Pay Compares
Lakeville median: $121,004/year (2026)
| Compared To | Median Salary | Lakeville Pays |
|---|---|---|
| Minnesota Average | $123,097 | -1.70% less |
| National Average | $125,033 | -3.22% less |
Electrical Engineers in Lakeville, MN earn a median of $121,004 per year (2026 est.), which is 3.22% lower than the national median of $125,033 and 1.70% below the Minnesota state average of $123,097.
Cost-of-Living Adjusted Salary
Lakeville 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.
Lakeville, MN has a cost-of-living index of 98.5 (below the national average of 100). A electrical engineer earning $121,004 nominally has purchasing power equivalent to $122,847 in an average-cost city — an effective 1.52% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$95,355
2025 BLS Actual
$116,743
2026 Current Est.
$121,004
2019–2027 Growth
+31.5%
Salary Trajectory for Electrical Engineers in Lakeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $95,355 | Actual |
| 2020 | $97,581 | Actual |
| 2021 | $97,184 | Actual |
| 2022 | $99,991 | Actual |
| 2023 | $103,504 | Actual |
| 2024 | $111,294 | Actual |
| 2025 | $116,743 | Actual |
| 2026(current) | $121,004 | Estimated |
| 2027 | $125,421 | Projected |
Based on 7 years of BLS OEWS data for the Lakeville metropolitan area, the median electrical engineer salary grew 22.4% from $95,355 (2019) to $116,743 (2025). At a 3.65% compound annual growth rate, salaries are projected to reach $125,421 by 2027 — a total increase of $30,066 (31.53%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakeville 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) | $80,481 – $95,075 |
| 3-5 years (Mid Career) | $95,075 – $121,004 |
| 5+ years (Experienced) | $121,004 – $150,235 |
| 10+ years (Top Earner) | $150,235 – $187,557 |
EE salary ranges estimated from BLS percentile data. Individual electrical engineer compensation varies by employer, certifications, and specialization.
Electrical Engineer Job Market in Lakeville
The job market for electrical engineers in Lakeville is characterized by a relatively small pool of professionals, with only 15 currently employed in this field. The cost of living index at 98.5 suggests that while salaries are competitive, purchasing power is slightly below the national average. Opportunities with leading employers in sectors such as semiconductors, defense, and automotive engineering frequently yield the highest compensation. Firms like Tesla and Intel are known to offer attractive pay packages due to the high demand for expertise in chip design and advanced manufacturing. Factors contributing to the salary variation include the industry sector—chip design generally commands higher salaries than utility roles—as well as the presence of security clearances that drive up pay in cleared positions. For those seeking to maximize their electrical engineer pay in Lakeville, pursuing advanced degrees and certifications, like a PE license, while considering career trajectory decisions between management and IC roles can significantly impact earnings.
More salary data for Lakeville, MN:
Frequently Asked Questions
How much do electrical engineers make in Lakeville, MN in 2026?
Is Lakeville, MN a good place to work as a electrical engineer?
Can electrical engineers make $100K in Lakeville?
What is the cost-of-living adjusted electrical engineer salary in Lakeville?
How much does a electrical engineer make per hour in Lakeville?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Minnesota
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 $116,743 for electrical engineersin the Lakeville 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 Lakeville 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