The annual salary statistics of petroleum engineers in Billings, Montana is shown in Table 1. The wage data of petroleum engineers in Billings 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 | $60,970 |
| 25th Percentile Wage | $97,050 |
| 50th Percentile Wage | $132,020 |
| 75th Percentile Wage | $168,060 |
| 90th Percentile Wage | $203,700 |
Table 1 shows the average annual salary for petroleum engineers in Billings, Montana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $203,700. The median (50th percentile) annual salary is $132,020. The average annual salary for the bottom 10 percent earners is $60,970.
The table and chart below show the trend of the median salary of petroleum engineers from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $132,020 | 2.79% | 14.94% |
| 2019 | $128,340 | -5.42% | - |
| 2018 | $135,300 | 6.38% | - |
| 2017 | $126,670 | 3.13% | - |
| 2016 | $122,710 | 10.63% | - |
| 2015 | $109,660 | 3.55% | - |
| 2014 | $105,770 | -3.93% | - |
| 2013 | $109,930 | -2.15% | - |
| 2012 | $112,290 | - | - |
From Table 3 we note that with a median annual salary of $132,020, Billings is the highest paying city for petroleum engineers in state of Montana, followed by Eastern Montana nonmetropolitan area (median annual salary $118,940). In comparison, the median annual salary of petroleum engineers in Billings is 9.9 percent (9.9%) higher than that in Eastern Montana nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Billings | |
| Eastern Montana nonmetropolitan area | |
| East-Central Montana nonmetropolitan area |