The annual salary statistics of petroleum engineers in Waco, Texas is shown in Table 1. The wage information of petroleum engineers in Waco 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 | $49,500 |
| 25th Percentile Wage | $56,140 |
| 50th Percentile Wage | $132,530 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for petroleum engineers in Waco, Texas in 5 percentile scales. The median (50th percentile) annual salary is $132,530. The average annual salary of the 25th percentile is $56,140. The average annual salary for the bottom 10 percent earners is $49,500.
The table and chart below show the trend of the median salary of petroleum engineers from 2012 to 2015. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2015 | $132,530 | 0.00% | 0.00% |
| 2012 | $132,530 | - | - |
From Table 3 we note that the median annual salary of $132,530 in Waco is in the middle of salary range for petroleum engineers in state of Texas. In comparison, the annual salary of petroleum engineers in Waco is 19.8 percent (19.8%) lower than that in the highest paying Dallas-Plano-Irving and 38.6 percent (38.6%) higher than that in the lowest paying College Station-Bryan.