Electrical Engineer Salary in Savage, MN: $119,076 (2026)
Quick Answer:A full-time electrical engineer in Savage, MN earns a median $119,076/year (≈ $57.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 17-2071). Once you factor in Savage's price level (1% below national, BEA RPP 98.5), that paycheck buys what $120,889 would nationally. Nominal pay sits 3.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Savage, Minnesota, the projected median annual salary for electrical engineers in 2026 stands at $119,076. This figure highlights a competitive pay range that stretches from $82,623 at the 10th percentile up to $178,807 for those in the 90th percentile. These estimates, derived from 2025 BLS data adjusted to reflect regional price parity, reflect a market pulsating with opportunities that vary significantly depending on specialization. Fields like semiconductor and chip design typically bring higher compensation compared to utility power systems, while defense-related roles, which often require security clearances, sit in between in terms of pay. With this dynamic in mind, electrical engineers in Savage find themselves equipped with choices that can significantly influence their earning potential.
About the Savage Market
Salary estimated from Minnesota average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $82,623 | $39.72 |
| Lower Range (P25) | $95,623 | $45.97 |
| Median (P50)(typical) | $119,076 | $57.25 |
| Upper Range (P75) | $150,640 | $72.42 |
| Top Earners (P90) | $178,807 | $85.97 |
Median Salary Position
4.76% below the national average
2026 Salary Percentile Distribution in Savage
In Savage, MN, the electrical engineer salary spread from the 10th to 90th percentile is $96,184 (2026 est.). At $119,076, the local median is 4.76% below the national median of $125,033.
Salary Calculator
At 40 hours/week in Savage: You'd be in the lower-middle range
How Savage Electrical Engineer Pay Compares
Savage median: $119,076/year (2026)
| Compared To | Median Salary | Savage Pays |
|---|---|---|
| Minnesota Average | $123,140 | -3.30% less |
| National Average | $125,033 | -4.76% less |
Electrical Engineers in Savage, MN earn a median of $119,076 per year (2026 est.), which is 4.76% lower than the national median of $125,033 and 3.30% below the Minnesota state average of $123,140.
Cost-of-Living Adjusted Salary
Savage 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.
Savage, MN has a cost-of-living index of 98.5 (below the national average of 100). A electrical engineer earning $119,076 nominally has purchasing power equivalent to $120,889 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$93,836
2025 BLS Actual
$114,883
2026 Current Est.
$119,076
2019–2027 Growth
+31.5%
Salary Trajectory for Electrical Engineers in Savage (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $93,836 | Actual |
| 2020 | $96,026 | Actual |
| 2021 | $95,636 | Actual |
| 2022 | $98,398 | Actual |
| 2023 | $101,855 | Actual |
| 2024 | $109,521 | Actual |
| 2025 | $114,883 | Actual |
| 2026(current) | $119,076 | Estimated |
| 2027 | $123,423 | Projected |
Based on 7 years of BLS OEWS data for the Savage metropolitan area, the median electrical engineer salary grew 22.4% from $93,836 (2019) to $114,883 (2025). At a 3.65% compound annual growth rate, salaries are projected to reach $123,423 by 2027 — a total increase of $29,587 (31.53%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Savage 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) | $82,623 – $95,623 |
| 3-5 years (Mid Career) | $95,623 – $119,076 |
| 5+ years (Experienced) | $119,076 – $150,640 |
| 10+ years (Top Earner) | $150,640 – $178,807 |
EE salary ranges estimated from BLS percentile data. Individual electrical engineer compensation varies by employer, certifications, and specialization.
Electrical Engineer Job Market in Savage
The local job market for electrical engineers features only nine professionals currently employed, which presents a unique dynamic in terms of job competition and salary negotiations. The cost of living index in Savage at 98.5 means that engineers can enjoy a relatively affordable lifestyle despite slightly lower median salaries compared to the national average. Employers such as tech giants like Apple and Nvidia tend to offer the most lucrative salaries, particularly in the semiconductor sector, which commands a premium for specialized skills. Meanwhile, defense contractors such as Lockheed Martin provide solid opportunities though often at a lower cash value compared to their tech counterparts. Factors driving the variations in pay include industry type, security clearances, educational qualifications, and whether an engineer pursues a technical contributor or management track. For those looking to maximize their earnings, targeting positions in high-demand sectors, obtaining relevant clearances, and continuously upgrading qualifications will be beneficial strategies in the competitive environment of Savage, MN.
More salary data for Savage, MN:
Frequently Asked Questions
How much do electrical engineers make in Savage, MN in 2026?
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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 $114,883 for electrical engineersin the Savage 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 Savage 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