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Petroleum Engineering Degree in Bloomington, MN — Salary & ROI 2026

Petroleum Engineering degree analysis for Bloomington, MN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.

Starting Salary

$50K

COL-adjusted

Mid-Career

$140K

COL-adjusted

ROI Payback

7.6 yrs

in Bloomington

Cost of Living

100.2

index (100 = avg)

Petroleum Engineering in Bloomington, MN Overview

While Bloomington has a smaller college scene with 4 institutions, Petroleum Engineering students benefit from the close-knit academic community. Room and board averages $14,533/year, and the car-friendly layout shapes the student experience. Although national enrollment in Petroleum Engineering has been declining, graduates with skills in Reservoir Engineering and Drilling remain competitive in the job market. The adjusted starting salary in Bloomington is approximately $50,100, growing to $140,280 by mid-career.

Category

Engineering

Local Colleges

4

Public Tuition

$14,200/yr

Private Tuition

$38,000/yr

Room & Board

$14,533/yr

Avg Fin. Aid

$11,264/yr

Unemployment

2.3%

Graduation Rate

75%

Petroleum Engineering Salary in Bloomington (COL-Adjusted)

Salaries adjusted for Bloomington's cost of living index of 100.2 (national average = 100).

Entry Level (0-2 yrs)
$50,100(+$100 vs national)
Mid Career (5-9 yrs)
$140,280(+$280 vs national)
Senior Level (15+ yrs)
$175,350(+$350 vs national)

Note: National average Petroleum Engineering salary: $50,000 starting, $140,000 mid-career, $175,000 senior level.Bloomington adjustment factor: 1.00x based on the local cost of living index.

Petroleum Engineering ROI Calculator for Bloomington

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

Public avg: $14,200 | Private avg: $38,000

Bloomington avg aid: $11,264/yr

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

Total Education Cost

$114,932

tuition + room & board - aid

Annual Earnings Premium

$15,030

vs HS diploma in Bloomington

ROI Payback Period

7.6 years

to break even

Lifetime Return in Bloomington

$1,187,668

Lifetime earnings premium ($1,302,600) minus total education cost ($114,932)

Student Loan Payoff for Petroleum Engineering in Bloomington

Standard Plan (10 years)

Loan Amount$114,932
Monthly Payment$1,305
Total Interest$41,672
% of Monthly Income31%

Aggressive Plan (5 years)

Loan Amount$114,932
Monthly Payment$2,249
Total Interest$19,995
Interest Savings$21,677

Colleges in Bloomington for Petroleum Engineering

Bloomington State University

public

$15,525/yr

$62,100 total

Community Colleges (2-Year Transfer)

Bloomington Community College

$5,519/yr

Top Employers for Petroleum Engineering in Bloomington

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

ExxonMobilChevronShellSchlumbergerHalliburton

Key Bloomington Hiring Sectors for Engineering

Engineering firms

Manufacturing

Defense contractors

Energy companies

Construction firms

Common Petroleum Engineering Job Titles

Petroleum EngineerReservoir EngineerDrilling Engineer

Petroleum Engineering Degree in Bloomington — 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.

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