Aerospace Engineering Degree in Evansville, IN — Salary & ROI 2026
Aerospace Engineering degree analysis for Evansville, IN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$69K
COL-adjusted
Mid-Career
$99K
COL-adjusted
ROI Payback
2.1 yrs
in Evansville
Cost of Living
86
index (100 = avg)
Aerospace Engineering in Evansville, IN Overview
Evansville, Indiana (pop. 117,298) has 10 colleges offering Aerospace Engineering programs. The local cost of living index of 86 keeps student expenses low, with average rent near campus at $974/month. Aerospace Engineering has seen growing enrollment nationally, reflecting rising employer demand for Aerodynamics and Propulsion skills. The adjusted starting salary in Evansville is approximately $68,800.
Category
Engineering
Local Colleges
10
Public Tuition
$8,448/yr
Private Tuition
$42,316/yr
Room & Board
$11,425/yr
Avg Fin. Aid
$12,482/yr
Unemployment
4.8%
Graduation Rate
57%
Aerospace Engineering Salary in Evansville (COL-Adjusted)
Salaries adjusted for Evansville's cost of living index of 86 (national average = 100).
Note: National average Aerospace Engineering salary: $80,000 starting, $115,000 mid-career, $145,000 senior level.Evansville adjustment factor: 0.86x based on the local cost of living index.
Aerospace Engineering ROI Calculator for Evansville
Estimate your return on investment for a Aerospace Engineering degree using local Evansville tuition and cost of living data.
Public avg: $8,448 | Private avg: $42,316
Evansville avg aid: $12,482/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$79,492
tuition + room & board - aid
Annual Earnings Premium
$38,700
vs HS diploma in Evansville
ROI Payback Period
2.1 years
to break even
Lifetime Return in Evansville
$763,308
Lifetime earnings premium ($842,800) minus total education cost ($79,492)
Student Loan Payoff for Aerospace Engineering in Evansville
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Evansville for Aerospace Engineering
University of Evansville
private
$42,316/yr
$169,264 total
University of Southern Indiana
public
$8,448/yr
$33,792 total
Community Colleges (2-Year Transfer)
Ivy Tech Community College Evansville
$4,540/yr
Top Employers for Aerospace Engineering in Evansville
Evansville offers opportunities in Engineering firms, Manufacturing, Defense contractors for Aerospace Engineering graduates. National top employers in this field include:
Key Evansville Hiring Sectors for Engineering
Engineering firms
Manufacturing
Defense contractors
Energy companies
Construction firms
Common Aerospace Engineering Job Titles
Aerospace Engineering in Nearby Indiana Cities
Indianapolis, IN
$75K starting · COL 94
25 colleges
Fort Wayne, IN
$82K starting · COL 103
24 colleges
South Bend, IN
$71K starting · COL 89
9 colleges
Carmel, IN
$84K starting · COL 105.2
4 colleges
Fishers, IN
$80K starting · COL 100.5
4 colleges
Bloomington, IN
$66K starting · COL 83
5 colleges
Hammond, IN
$74K starting · COL 93.1
4 colleges
Lafayette, IN
$68K starting · COL 84.8
3 colleges
Other Engineering Majors in Evansville
Petroleum Engineering
$43K starting · 2.5 yr ROI
Computer Engineering
$43K starting · 3 yr ROI
Chemical Engineering
$71K starting · 3.2 yr ROI
Nuclear Engineering
$43K starting · 3.3 yr ROI
Electrical Engineering
$69K starting · 3.3 yr ROI
Mechanical Engineering
$67K starting · 3.5 yr ROI
Mining Engineering
$43K starting · 3 yr ROI
Materials Science & Engineering
$43K starting · 3.8 yr ROI
Aerospace Engineering Degree in Evansville — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Aerospace Engineering ROI in other cities, or explore other majors in Evansville.