Pay for STEM Professionals in Wisconsin Lags Behind the Nation

Tuesday, July 26th, 2022 -- 10:01 AM

Experts of all stripes agree that the fields of science, technology, engineering, and mathematics are critical to the U.S. economy.

A recent study estimated that STEM supports 67% of jobs in the U.S. and 69% of the country’s GDP. By generating innovation and technological advances, STEM fields help improve quality of life, make businesses more productive, and create new economic opportunities.

And for students or professionals considering new careers, STEM fields are full of high-quality jobs: the number of STEM jobs has increased by 79% over the last three decades and is projected to grow by another 11% by 2030.

Of these fields, mechanical engineering is one of the most important in moving the U.S. economy forward. Mechanical engineers research, design, develop, and build a variety of mechanical devices.

Their work touches almost every aspect of life in the U.S., from everyday consumer goods, like cars or home appliances, to tools that power the economy, like manufacturing equipment.

And increasingly, mechanical engineers are working with innovative new technologies like robotics or nanotechnology that could open new economic frontiers. With such a vital role in the U.S. economy, the job outlook for mechanical engineers is promising.

The Bureau of Labor Statistics projects a 7% growth rate in jobs in the field between now and 2030. As manufacturing technologies become more complex, mechanical engineers’ skill set will continue to be in demand.

Another factor that makes mechanical engineering a strong choice of profession, like many other STEM jobs, is compensation. The median wage for a mechanical engineer in the U.S. is $95,300 per year, more than double the nation’s overall median wage for all occupations of $45,760.

Mechanical engineers even compare favorably for compensation relative to other architecture and engineering jobs. The median wage for mechanical engineers is nearly 20% higher than the median wage for all architecture and engineering jobs, $79,840.

And only three other engineering disciplines have median wages that exceed the typical rate of pay for mechanical engineers. The data used in this analysis is from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics and the U.S. Bureau of Economic Analysis Regional Price Parities datasets.

To determine the best-paying locations for mechanical engineers, researchers at Construction Coverage calculated the median annual wage for mechanical engineers, adjusted for cost of living.

In the event of a tie, the location with the greater median annual wage for mechanical engineers, not adjusted for cost of living, was ranked higher. Note: only states with sufficient occupational and wage data were included.

The analysis found that mechanical engineers in Wisconsin earn an adjusted median annual wage of $85,064, compared to $95,300 nationally. Out of all states, Wisconsin is the 11th worst-paying for mechanical engineers.

Here is a summary of the data for Wisconsin:

• Median annual wage for mechanical engineers (actual): $79,280;
• Median annual wage for all architecture & engineering jobs (actual): $76,650;
• Median annual wage for all occupations (actual): $45,000;
• And Concentration of mechanical engineers (compared to average): +77.0%.

For reference, here are the statistics for the entire United States:

• Median annual wage for mechanical engineers (actual): $95,30;
• Median annual wage for all architecture & engineering jobs (actual): $79,840,;
• Median annual wage for all occupations (actual): $45,760.

For more information, a detailed methodology, and complete results, you can find the original report on Construction Coverage’s website: https://constructioncoverage.com/research/best-paying-cities-for-mechanical-engineers-2022

Feel free to contact us with questions and/or comments.