The annual salary statistics of petroleum engineers in Houma-Bayou Cane-Thibodaux, Louisiana is shown in Table 1. The wage statistics of petroleum engineers in Houma-Bayou Cane-Thibodaux 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 | $103,720 |
| 25th Percentile Wage | $120,080 |
| 50th Percentile Wage | $138,200 |
| 75th Percentile Wage | $222,460 |
| 90th Percentile Wage | $222,460 |
Table 1 shows the average annual salary for petroleum engineers in Houma-Bayou Cane-Thibodaux, Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $222,460. The median (50th percentile) annual salary is $138,200. The average annual salary for the bottom 10 percent earners is $103,720.
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 | $138,200 | 8.14% | 30.84% |
| 2021 | $126,950 | 1.13% | - |
| 2020 | $125,510 | 6.00% | - |
| 2019 | $117,980 | 2.91% | - |
| 2018 | $114,550 | 2.65% | - |
| 2017 | $111,520 | 2.12% | - |
| 2016 | $109,160 | 3.89% | - |
| 2015 | $104,910 | 7.54% | - |
| 2014 | $97,000 | 1.70% | - |
| 2013 | $95,350 | -0.24% | - |
| 2012 | $95,580 | - | - |
From Table 3 we note that with a median annual salary of $138,200, Houma-Bayou Cane-Thibodaux is the second highest paying city for petroleum engineers in state of Louisiana, following the highest paying city Shreveport-Bossier City (median annual salary of $139,020). Compared with Shreveport-Bossier City, the median annual salary of petroleum engineers in Houma-Bayou Cane-Thibodaux is .6 percent (.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Shreveport-Bossier City | |
| Houma-Bayou Cane-Thibodaux | |
| Lake Charles | |
| New Orleans-Metairie-Kenner | |
| Baton Rouge | |
| Lafayette | |
| Natchitoches nonmetropolitan area | |
| New Iberia nonmetropolitan area |