HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Equipment Engineer Average Salary in Chicago 2024

How much money does a person working as Equipment Engineer make in Chicago?


Average Yearly Salary
89,900 USD
( 7,490 USD monthly)

LOW
41,400
USD
AVERAGE
89,900
USD
HIGH
143,000
USD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Equipment Engineer in Chicago typically earns around 89,900 USD. Salaries range from 41,400 USD (lowest) to 143,000 USD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Equipment Engineer salaries in Chicago vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Equipment Engineer Pay Scale and Salaries in Chicago

Median and salary distribution Chicago Equipment Engineer yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/illinois/chicago/engineering/equipment-engineer/median-and-salary-distribution-yearly-chicago-equipment-engineer.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
85,300 USD or more
10% of people earn
74,700 to 85,300 USD
20% of people earn
51,500 USD or less
65% of people earn
51,500 to 74,700 USD
Minimum Salary
41,400 USD
Median
85,900 USD
Maximum
143,000 USD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Equipment Engineer in Chicago range from 41,400 USD (starting salary) to 143,000 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 85,900 USD, half of the professionals who work as Equipment Engineer in Chicago earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Equipment Engineer in Chicago earn less than 69,300 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 99,000 USD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Equipment Engineer in Chicago compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 51,500 USD to 74,700 USD. About 20% of salaries are below the 51,500 USD mark, while 10% fall within the range of 74,700 USD to 85,300 USD. Only 5% of individuals have salaries exceeding 85,300 USD.

Salary Comparison by Years of Experience / Equipment Engineer / Chicago

How do experience and age affect pay?

0 - 2 Years
47,000 USD
2 - 5 Years+34%
62,700 USD
5 - 10 Years+48%
92,700 USD
10 - 15 Years+22%
113,000 USD
15 - 20 Years+9%
123,000 USD
20+ Years+8%
133,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Chicago Equipment Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/illinois/chicago/engineering/equipment-engineer/salary-comparison-by-years-of-experience-yearly-chicago-equipment-engineer.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Equipment Engineer and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 47,000 USD.

While someone with an experience level between two and five years is expected to earn 62,700 USD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 92,700 USD, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 113,000 USD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 123,000 USD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 133,000 USD, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Equipment Engineer / Chicago

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Equipment Engineer.

Bachelor's Degree
54,600 USD
Master's Degree+93%
105,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Chicago Equipment Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/illinois/chicago/engineering/equipment-engineer/salary-comparison-by-education-level-yearly-chicago-equipment-engineer.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Equipment Engineer in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 54,600 USD.


Level 2: Master's Degree

At this level, the average salary becomes 105,000 USD, 93% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Equipment Engineer / Chicago

Salary comparison by gender United States Equipment Engineer yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/engineering/equipment-engineer/salary-comparison-by-gender-yearly-united-states-equipment-engineer.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Equipment Engineer in United States, the average difference between the salary of male and female employees is 6%.

Male
78,100 USD
Female-5%
74,000 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/salary-comparison-by-gender-yearly-united-states.jpg


Average Annual Salary Increment Percentage / Equipment Engineer / Chicago

How much are annual salary increments in Chicago for individuals working as Equipment Engineer? How often do employees get salary raises?

Individuals working as Equipment Engineer in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Equipment Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/engineering/equipment-engineer/annual-salary-increment-rate-united-states-equipment-engineer.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

Annual Salary Increment Rate United States
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/annual-salary-increment-rate-united-states.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Equipment Engineer / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Equipment Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/engineering/equipment-engineer/annual-salary-bonus-rate-united-states-equipment-engineer.jpg

100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Equipment Engineer / Chicago


43 USD per hour

The average hourly wage (pay per hour) for individuals working as Equipment Engineer in Chicago is 43 USD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Equipment Engineer in Chicago is 20 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Engineering-100%
3D Printing Engineer92,600 USD+3%
Acoustics Engineer99,800 USD+11%
Assembly Engineering Technician75,800 USD-16%
Assistant Chief Engineer111,000 USD+23%
Associate Engineer86,500 USD-4%
AutoCAD Drafter59,700 USD-34%
Autocad Operator61,600 USD-31%
Automation Engineer102,000 USD+13%
Avionic System Support Engineer96,100 USD+7%
Biochemical Engineer89,700 USD-0%
BMS Engineer97,200 USD+8%
Bridge and Lock Tender56,000 USD-38%
Broadcast Engineer97,600 USD+9%
CAD Design Engineer98,500 USD+10%
CAD Designer60,400 USD-33%
CAE Engineer98,600 USD+10%
Ceramics Engineer91,800 USD+2%
Chemical Engineer106,000 USD+18%
Civil Drafter59,700 USD-34%
Civil Engineer105,000 USD+17%
Civil Site Engineer102,000 USD+13%
Civil Technician60,600 USD-33%
Cognitive Engineer97,200 USD+8%
Commissioning Engineer95,700 USD+6%
Communications Engineer109,000 USD+21%
Condition Monitoring Engineer85,800 USD-5%
Contract Associate Engineer91,300 USD+2%
Contract Engineer92,300 USD+3%
Control Systems Engineer95,600 USD+6%
Controls Engineer97,600 USD+9%
Controls Software Engineer86,600 USD-4%
Corrosion Engineer89,900 USD-0%
Design Engineer105,000 USD+17%
Director of Engineering208,000 USD+130%
Drafter59,700 USD-34%
Drafting Manager111,000 USD+23%
Drilling Engineer101,000 USD+12%
Drilling Foreman30,300 USD-66%
Electrical Draughtsman48,400 USD-46%
Electrical Engineer115,000 USD+28%
Electrical Engineering Manager137,000 USD+52%
Electromechanical Engineering Technologist103,000 USD+15%
Electromechanical Equipment Assembler50,600 USD-44%
Energy Engineer107,000 USD+19%
Engine Assembler44,600 USD-50%
Engineer102,000 USD+13%
Engineering Account Manager111,000 USD+23%
Engineering Chief Designer113,000 USD+26%
Engineering Consultant137,000 USD+52%
Engineering Key Account Manager147,000 USD+63%
Engineering Lab Technician92,300 USD+3%
Engineering Manager132,000 USD+47%
Engineering Planning Manager144,000 USD+60%
Engineering Production Manager182,000 USD+100%
Engineering Project Analyst117,000 USD+30%
Engineering Project Coordinator 121,000 USD+35%
Engineering Project Director206,000 USD+130%
Engineering Project Leader134,000 USD+49%
Engineering Project Manager145,000 USD+61%
Engineering Research and Development Manager160,000 USD+78%
Engineering Safety Coordinator80,500 USD-10%
Engineering Sales Manager138,000 USD+53%
Engineering Technician80,500 USD-10%
Engineering Technologist75,800 USD-16%
Environmental Engineer95,600 USD+6%
Equipment Engineer89,900 USD-0%
Equipment Engineering Manager131,000 USD+46%
Estimator82,300 USD-8%
Fabrication Specialist72,800 USD-19%
Fabricator47,300 USD-47%
Facade Engineer93,800 USD+4%
Fiber Analyst60,100 USD-33%
Field Engineer104,000 USD+16%
Field Engineering Manager172,000 USD+91%
Fire Engineer101,000 USD+12%
Fitter and Turner32,600 USD-64%
Forestry Strategic Planner116,000 USD+29%
Generation Engineer103,000 USD+15%
Genetic Engineer106,000 USD+18%
Geological Engineer105,000 USD+17%
Geotechnical Engineer109,000 USD+21%
Heavy Equipment Mechanic55,700 USD-38%
Highway Engineer103,000 USD+15%
HSE Professional91,600 USD+2%
Human Machine Interface Engineer89,300 USD-1%
HVAC Engineer111,000 USD+23%
HVAC Supervisor89,900 USD-0%
Industrial Engineer92,000 USD+2%
Industrial Engineering Technologist96,900 USD+8%
Instrument Engineer94,400 USD+5%
Instrument Technician54,700 USD-39%
Instrumentation and Control Engineer99,400 USD+11%
Instrumentation Designer85,800 USD-5%
Instrumentation Engineer100,000 USD+11%
Instrumentation Manager101,000 USD+12%
Irrigation Engineer93,800 USD+4%
Licensed Aircraft Engineer105,000 USD+17%
Locomotive Engineer96,900 USD+8%
Maintenance Engineer91,500 USD+2%
Maintenance Fitter33,900 USD-62%
Maintenance Manager101,000 USD+12%
Manufacturing Engineer94,900 USD+6%
Marine Engineer100,000 USD+11%
Materials Engineer98,600 USD+10%
Materials Researcher90,600 USD+1%
Materials Technician73,100 USD-19%
Mechanical and Electrical Engineer104,000 USD+16%
Mechanical Design Engineer107,000 USD+19%
Mechanical Designer87,500 USD-3%
Mechanical Engineer108,000 USD+20%
Mechanical Engineering Manager144,000 USD+60%
Mechanical Inspector94,900 USD+6%
Mechatronics Engineer106,000 USD+18%
Mining Engineer100,000 USD+11%
Nanotechnology Engineer102,000 USD+13%
Natural Language Processing Engineer108,000 USD+20%
Oil and Petrochemical Engineer114,000 USD+27%
Optical Engineer101,000 USD+12%
Optical Instrument Assembler53,000 USD-41%
PCB Assembler36,500 USD-59%
Photonics Engineer113,000 USD+26%
Photonics Technician92,800 USD+3%
Pipeline Engineer88,100 USD-2%
Piping Designer52,700 USD-41%
Piping Engineer89,900 USD-0%
Planning Engineer105,000 USD+17%
Pressure Vessel Inspector46,600 USD-48%
Principal Cost Engineer104,000 USD+16%
Principal Engineer96,900 USD+8%
Principal Support Engineer97,900 USD+9%
Process Engineer94,400 USD+5%
Process Operator56,500 USD-37%
Product Development Engineer100,000 USD+11%
Product Development Technician74,500 USD-17%
Product Engineer101,000 USD+12%
Product Safety Engineer91,300 USD+2%
Production Engineer103,000 USD+15%
Project Engineer104,000 USD+16%
Proposal Manager133,000 USD+48%
Purchasing Engineer88,000 USD-2%
Quality Assurance Engineer98,400 USD+9%
Rail Engineer101,000 USD+12%
Regional Field Engineer112,000 USD+25%
Remote Sensing Engineer101,000 USD+12%
Robotics Engineer116,000 USD+29%
Robotics Technician84,900 USD-6%
Safety Engineer101,000 USD+12%
Safety Inspector76,600 USD-15%
Safety Manager114,000 USD+27%
Safety Officer50,000 USD-44%
Sales Engineer105,000 USD+17%
Scheduling Engineer92,700 USD+3%
Security Engineer110,000 USD+22%
Service Engineer107,000 USD+19%
Smart Home Engineer105,000 USD+17%
Solar Engineer103,000 USD+15%
Staff Engineer99,400 USD+11%
Static Equipment Engineer101,000 USD+12%
Stationary Engineer89,100 USD-1%
Stress Engineer97,200 USD+8%
Structural Analysis Engineer93,600 USD+4%
Structural Designer87,500 USD-3%
Structural Engineer94,600 USD+5%
Structural Technician62,600 USD-30%
Subsea Engineer128,000 USD+42%
Supply Chain Specialist93,600 USD+4%
Surveyor76,400 USD-15%
Technical Affairs Officer48,900 USD-46%
Technical Assistant50,500 USD-44%
Technical Engineer84,900 USD-6%
Technical Support Engineer85,800 USD-5%
Tender Engineer92,800 USD+3%
Test Development Engineer102,000 USD+13%
Test Engineer95,600 USD+6%
Transportation Engineer97,100 USD+8%
Urban Engineer99,900 USD+11%
Validation Engineer89,200 USD-1%
Verification Engineer96,100 USD+7%
Wastewater Engineer96,600 USD+7%
Wind Energy Engineer96,900 USD+8%
Wind Energy Operations Manager128,000 USD+42%
Wireless Engineer112,000 USD+25%
Work Planner73,300 USD-18%

Salary Comparison By City

CityAverage Salary
Chicago89,900 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Equipment Engineer in Chicago?

A good and competitive compensation would range anywhere between 85,900 USD and 99,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Equipment Engineer in Chicago ranges from 41,400 USD to 69,300 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic Spanish

©Salary Explorer 2024