Electrical Engineering Degree in Newark, NJ — Salary & ROI 2026
Electrical Engineering degree analysis for Newark, NJ. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$108K
COL-adjusted
Mid-Career
$155K
COL-adjusted
ROI Payback
2.1 yrs
in Newark
Cost of Living
135
index (100 = avg)
Electrical Engineering in Newark, NJ Overview
Newark, New Jersey (pop. 311,549) has 14 colleges offering Electrical Engineering programs. The local cost of living index of 135 is higher than average, so budget accordingly, with average rent near campus at $1,595/month. Electrical Engineering enrollment is stable nationwide, with steady demand for graduates skilled in Circuit Design and Signal Processing. The adjusted starting salary in Newark is approximately $108,000.
Category
Engineering
Local Colleges
14
Public Tuition
$16,507/yr
Private Tuition
$47,742/yr
Room & Board
$15,130/yr
Avg Fin. Aid
$8,623/yr
Unemployment
3.6%
Graduation Rate
74%
Electrical Engineering Salary in Newark (COL-Adjusted)
Salaries adjusted for Newark's cost of living index of 135 (national average = 100).
Note: National average Electrical Engineering salary: $80,000 starting, $115,000 mid-career, $142,000 senior level.Newark adjustment factor: 1.35x based on the local cost of living index.
Electrical Engineering ROI Calculator for Newark
Estimate your return on investment for a Electrical Engineering degree using local Newark tuition and cost of living data.
Public avg: $16,507 | Private avg: $47,742
Newark avg aid: $8,623/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$126,548
tuition + room & board - aid
Annual Earnings Premium
$60,750
vs HS diploma in Newark
ROI Payback Period
2.1 years
to break even
Lifetime Return in Newark
$1,223,452
Lifetime earnings premium ($1,350,000) minus total education cost ($126,548)
Student Loan Payoff for Electrical Engineering in Newark
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Newark for Electrical Engineering
Rutgers University-Newark
public
$14,974/yr
$59,896 total
New Jersey Institute of Technology
public
$18,040/yr
$72,160 total
Community Colleges (2-Year Transfer)
Essex County College
$5,040/yr
Top Employers for Electrical Engineering in Newark
Newark offers opportunities in Engineering firms, Manufacturing, Defense contractors for Electrical Engineering graduates. National top employers in this field include:
Key Newark Hiring Sectors for Engineering
Engineering firms
Manufacturing
Defense contractors
Energy companies
Construction firms
Common Electrical Engineering Job Titles
Electrical Engineering in Nearby New Jersey Cities
Jersey City, NJ
$102K starting · COL 127
23 colleges
Paterson, NJ
$103K starting · COL 129
5 colleges
Elizabeth, NJ
$92K starting · COL 115.5
6 colleges
Edison, NJ
$95K starting · COL 118.2
5 colleges
Lakewood, NJ
$103K starting · COL 128.8
5 colleges
Woodbridge, NJ
$90K starting · COL 112.5
4 colleges
Toms River, NJ
$94K starting · COL 117.7
4 colleges
Trenton, NJ
$107K starting · COL 134
8 colleges
Other Engineering Majors in Newark
Petroleum Engineering
$68K starting · 2.5 yr ROI
Computer Engineering
$68K starting · 3 yr ROI
Chemical Engineering
$111K starting · 3.2 yr ROI
Nuclear Engineering
$68K starting · 3.3 yr ROI
Aerospace Engineering
$108K starting · 3.5 yr ROI
Mechanical Engineering
$105K starting · 3.5 yr ROI
Mining Engineering
$68K starting · 3 yr ROI
Architectural Engineering
$105K starting · 2.5 yr ROI
Electrical Engineering Degree in Newark — 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 Electrical Engineering ROI in other cities, or explore other majors in Newark.