The annual salary statistics of petroleum engineers in Lafayette, Louisiana is shown in Table 1. The wage data of petroleum engineers in Lafayette 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 | $67,090 |
| 25th Percentile Wage | $103,620 |
| 50th Percentile Wage | $121,880 |
| 75th Percentile Wage | $163,980 |
| 90th Percentile Wage | $215,860 |
Table 1 shows the average annual salary for petroleum engineers in Lafayette, Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $215,860. The median (50th percentile) annual salary is $121,880. The average annual salary for the bottom 10 percent earners is $67,090.
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 | $121,880 | 21.69% | 9.53% |
| 2021 | $95,440 | -1.07% | - |
| 2020 | $96,460 | -3.78% | - |
| 2019 | $100,110 | -46.13% | - |
| 2018 | $146,290 | 11.50% | - |
| 2016 | $129,470 | 14.84% | - |
| 2015 | $110,260 | 17.51% | - |
| 2014 | $90,950 | -28.39% | - |
| 2013 | $116,770 | 5.58% | - |
| 2012 | $110,260 | - | - |
From Table 3 we note that the median annual salary of $121,880 in Lafayette is in the middle of salary range for petroleum engineers in state of Louisiana. In comparison, the annual salary of petroleum engineers in Lafayette is 12.3 percent (12.3%) lower than that in the highest paying Shreveport-Bossier City and 7.0 percent (7.0%) higher than that in the lowest paying New Iberia nonmetropolitan area.
| 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 |