The annual salary statistics of petroleum engineers in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois is shown in Table 1. The wage statistics of petroleum engineers in Chicago-Joliet-Naperville (IL-IN-WI Area) 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 | $82,480 |
| 25th Percentile Wage | $116,750 |
| 50th Percentile Wage | $138,270 |
| 75th Percentile Wage | $171,490 |
| 90th Percentile Wage | $218,240 |
Table 1 shows the average annual salary for petroleum engineers in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $218,240. The median (50th percentile) annual salary is $138,270. The average annual salary for the bottom 10 percent earners is $82,480.
The table and chart below show the trend of the median salary of petroleum engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $138,270 | 6.73% | 2.78% |
| 2021 | $128,970 | -32.39% | - |
| 2019 | $170,740 | 1.59% | - |
| 2018 | $168,020 | -5.48% | - |
| 2017 | $177,230 | 24.15% | - |
| 2016 | $134,430 | -0.41% | - |
| 2015 | $134,980 | 5.34% | - |
| 2014 | $127,770 | -5.21% | - |
| 2012 | $134,430 | - | - |
From Table 3 we note that with a median annual salary of $138,270, Chicago-Joliet-Naperville (IL-IN-WI Area) is the highest paying city for petroleum engineers in state of Illinois, followed by Chicago-Joliet-Naperville (IL Metropolitan Division) (median annual salary $125,500). In comparison, the median annual salary of petroleum engineers in Chicago-Joliet-Naperville (IL-IN-WI Area) is 9.2 percent (9.2%) higher than that in Chicago-Joliet-Naperville (IL Metropolitan Division).
| Cities/Areas | Median Annual Salary |
|---|---|
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| East Central Illinois nonmetropolitan area | |
| South Illinois nonmetropolitan area |