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Electrical Engineering Degree in Springfield, IL — Salary & ROI 2026

Electrical Engineering degree analysis for Springfield, IL. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.

Starting Salary

$74K

COL-adjusted

Mid-Career

$106K

COL-adjusted

ROI Payback

2.5 yrs

in Springfield

Cost of Living

92

index (100 = avg)

Electrical Engineering in Springfield, IL Overview

Springfield, Illinois (pop. 114,394) has 9 colleges offering Electrical Engineering programs. The local cost of living index of 92 is near the national average, with average rent near campus at $642/month. Electrical Engineering enrollment is stable nationwide, with steady demand for graduates skilled in Circuit Design and Signal Processing. The adjusted starting salary in Springfield is approximately $73,600.

Category

Engineering

Local Colleges

9

Public Tuition

$12,413/yr

Private Tuition

$27,201/yr

Room & Board

$13,584/yr

Avg Fin. Aid

$7,401/yr

Unemployment

5.8%

Graduation Rate

61%

Electrical Engineering Salary in Springfield (COL-Adjusted)

Salaries adjusted for Springfield's cost of living index of 92 (national average = 100).

Entry Level (0-2 yrs)
$73,600($-6,400 vs national)
Mid Career (5-9 yrs)
$105,800($-9,200 vs national)
Senior Level (15+ yrs)
$130,640($-11,360 vs national)

Note: National average Electrical Engineering salary: $80,000 starting, $115,000 mid-career, $142,000 senior level.Springfield adjustment factor: 0.92x based on the local cost of living index.

Electrical Engineering ROI Calculator for Springfield

Estimate your return on investment for a Electrical Engineering degree using local Springfield tuition and cost of living data.

Public avg: $12,413 | Private avg: $27,201

Springfield avg aid: $7,401/yr

Federal avg: 6.5% | Private: 4-14%

Total Education Cost

$103,988

tuition + room & board - aid

Annual Earnings Premium

$41,400

vs HS diploma in Springfield

ROI Payback Period

2.5 years

to break even

Lifetime Return in Springfield

$816,012

Lifetime earnings premium ($920,000) minus total education cost ($103,988)

Student Loan Payoff for Electrical Engineering in Springfield

Standard Plan (10 years)

Loan Amount$103,988
Monthly Payment$1,181
Total Interest$37,704
% of Monthly Income19%

Aggressive Plan (5 years)

Loan Amount$103,988
Monthly Payment$2,035
Total Interest$18,091
Interest Savings$19,613

Colleges in Springfield for Electrical Engineering

University of Illinois Springfield

public

$12,413/yr

$49,652 total

Community Colleges (2-Year Transfer)

Lincoln Land Community College

$4,980/yr

Top Employers for Electrical Engineering in Springfield

Springfield offers opportunities in Engineering firms, Manufacturing, Defense contractors for Electrical Engineering graduates. National top employers in this field include:

IntelTexas InstrumentsQualcommAppleTesla

Key Springfield Hiring Sectors for Engineering

Engineering firms

Manufacturing

Defense contractors

Energy companies

Construction firms

Common Electrical Engineering Job Titles

Electrical EngineerHardware EngineerControls Engineer

Electrical Engineering Degree in Springfield — 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 Springfield.

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