The annual salary statistics of petroleum engineers in Grand Junction, Colorado is shown in Table 1. The wage information of petroleum engineers in Grand Junction is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $61,630 |
| 25th Percentile Wage | $78,650 |
| 50th Percentile Wage | $82,490 |
| 75th Percentile Wage | $127,240 |
| 90th Percentile Wage | $188,270 |
Table 1 shows the average annual salary for petroleum engineers in Grand Junction, Colorado in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $188,270. The median (50th percentile) annual salary is $82,490. The average annual salary for the bottom 10 percent earners is $61,630.
The table and chart below show the trend of the median salary of petroleum engineers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $82,490 | -24.12% | -43.94% |
| 2018 | $102,390 | 7.97% | - |
| 2017 | $94,230 | -17.83% | - |
| 2016 | $111,030 | 7.41% | - |
| 2015 | $102,800 | -2.75% | - |
| 2014 | $105,630 | 4.26% | - |
| 2013 | $101,130 | -17.41% | - |
| 2012 | $118,740 | - | - |
From Table 3 we note that with a median annual salary of $82,490, Grand Junction is the lowest paying city for petroleum engineers in state of Colorado, following city of Denver-Aurora-Broomfield (median annual salary of $139,320). Also we note that in comparison, the annual salary of petroleum engineers in Grand Junction is about 40.8 percent (40.8%) lower than that of the highest paying city Denver-Aurora-Broomfield.
| Cities/Areas | Median Annual Salary |
|---|---|
| Denver-Aurora-Broomfield | |
| Greeley | |
| West Colorado nonmetropolitan area | |
| Northcentral Colorado nonmetropolitan area | |
| Grand Junction |