Electrical Engineer Salary in Franklin, NJ: $146,026 (2026)
Quick Answer:A full-time electrical engineer in Franklin, NJ earns a median $146,026/year (≈ $70.20/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 17-2071). Once you factor in Franklin's price level (15% above national, BEA RPP 115.2), that paycheck buys what $126,759 would nationally. Nominal pay sits 1.4% above the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, the electrical engineer salary in Franklin, NJ, is projected to reach a median of $146,026, eclipsing the national median of $125,033 by approximately 16.79%. The salary range for this role in the area significantly varies, with the lower 10% earning around $92,974 and the upper 90% reaching up to $219,047. Such figures, derived from 2025 BLS data and adjusted for regional economic conditions, reflect a robust demand for engineering talent in Franklin. Those considering a career in electrical engineering should weigh the potential compensation as they decide between the individual contributor (IC) or management trajectory, as each path offers distinct financial rewards that can influence long-term career satisfaction and stability in this evolving job market.
About the Franklin Market
Salary estimated from New Jersey average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $92,974 | $44.70 |
| Lower Range (P25) | $111,512 | $53.61 |
| Median (P50)(typical) | $146,026 | $70.20 |
| Upper Range (P75) | $183,812 | $88.37 |
| Top Earners (P90) | $219,047 | $105.31 |
Median Salary Position
16.79% above the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, NJ, the electrical engineer salary spread from the 10th to 90th percentile is $126,073 (2026 est.). At $146,026, the local median is 16.79% above the national median of $125,033.
Salary Calculator
At 40 hours/week in Franklin: You'd be in the lower-middle range
How Franklin Electrical Engineer Pay Compares
Franklin median: $146,026/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| New Jersey Average | $144,010 | +1.40% more |
| National Average | $125,033 | +16.79% more |
Electrical Engineers in Franklin, NJ earn a median of $146,026 per year (2026 est.), which is 16.79% higher than the national median of $125,033 and 1.40% above the New Jersey state average of $144,010.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $146,026 is competitive, the higher cost of living reduces purchasing power to an effective $126,759 — a 13.19% reduction.
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2019 BLS Actual
$115,073
2025 BLS Actual
$140,884
2026 Current Est.
$146,026
2019–2027 Growth
+31.5%
Salary Trajectory for Electrical Engineers in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $115,073 | Actual |
| 2020 | $117,760 | Actual |
| 2021 | $117,281 | Actual |
| 2022 | $120,668 | Actual |
| 2023 | $124,907 | Actual |
| 2024 | $149,491 | Actual |
| 2025 | $140,884 | Actual |
| 2026(current) | $146,026 | Estimated |
| 2027 | $151,356 | Projected |
Based on 7 years of BLS OEWS data for the Franklin metropolitan area, the median electrical engineer salary grew 22.4% from $115,073 (2019) to $140,884 (2025). At a 3.65% compound annual growth rate, salaries are projected to reach $151,356 by 2027 — a total increase of $36,283 (31.53%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.65% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $92,974 – $111,512 |
| 3-5 years (Mid Career) | $111,512 – $146,026 |
| 5+ years (Experienced) | $146,026 – $183,812 |
| 10+ years (Top Earner) | $183,812 – $219,047 |
EE salary ranges estimated from BLS percentile data. Individual electrical engineer compensation varies by employer, certifications, and specialization.
Electrical Engineer Job Market in Franklin
Despite a modest workforce of just 15 electrical engineers in Franklin, the local job market remains competitive, owing partly to the city's higher-than-average cost of living index of 115.2. This means that while salaries might be appealing, purchasing power must also be carefully evaluated against living expenses. Employers in high-paying sectors such as semiconductor design, notably companies like Apple and Nvidia, offer the most lucrative opportunities. However, roles in defense contracting may require security clearance, which often commands a pay premium. Engineers aiming to maximize their compensation in Franklin should consider obtaining security clearances or graduate degrees, as the pay gap between those with bachelor's degrees and advanced credentials like a PhD is substantial. Furthermore, staying updated with industry trends and building expertise in sought-after fields can also lead to better salary outcomes and job security.
More salary data for Franklin, NJ:
Frequently Asked Questions
How much do electrical engineers make in Franklin, NJ in 2026?
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Can electrical engineers make $100K in Franklin?
What is the cost-of-living adjusted electrical engineer salary in Franklin?
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Written by Amina Patel, MEng, PE
Career Analyst
Amina has over 10 years of experience in power systems engineering. She works at a utility company specializing in renewable energy integration.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $140,884 for electrical engineersin the Franklin metropolitan area. A 3.65% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Franklin is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.65%, derived from historical BLS wage trends for electrical engineers (SOC 17-2071).
Compiled and verified by Amina Patel, MEng, PE, a licensed electrical engineer with 10+ years of clinical experience. · View source data at BLS.gov