Petroleum Engineer Salary in Fairbanks, Alaska
The median petroleum engineer salary in Fairbanks, AK is $171,340 per year, which is 30.0% above the national median and 4.8% above the Alaska state average.
Petroleum Engineer Salary in Fairbanks by Experience
In Fairbanks, an entry-level petroleum engineer earns around $109,200, while experienced professionals earn up to $253,500 per year. The local cost of living index is 130% of the national average.
Salary Percentiles in Fairbanks, AK
| Percentile | Fairbanks |
|---|---|
| 10th Percentile | $104,000 |
| 25th Percentile | $132,600 |
| Median (50th) | $171,340 |
| 75th Percentile | $218,400 |
| 90th Percentile | $262,600 |
Petroleum Engineer Salary in Other Alaska Cities
How to Become a Petroleum Engineer in Fairbanks
Education
Most petroleum engineer positions require a bachelor's degree. Fairbanks and the surrounding Alaska area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, petroleum engineer employment is projected to grow 8% over the next decade (faster than average). Demand in Fairbanks may vary based on local industry and population growth.