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Petroleum Engineering Degree in Cleveland, OH — Salary & ROI 2026

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

Starting Salary

$48K

COL-adjusted

Mid-Career

$134K

COL-adjusted

ROI Payback

6 yrs

in Cleveland

Cost of Living

96

index (100 = avg)

Petroleum Engineering in Cleveland, OH Overview

Cleveland, Ohio (pop. 372,624) has 20 colleges offering Petroleum Engineering programs. The local cost of living index of 96 is near the national average, with average rent near campus at $1,156/month. 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 Cleveland is approximately $48,000, growing to $134,400 by mid-career.

Category

Engineering

Local Colleges

20

Public Tuition

$11,270/yr

Private Tuition

$49,395/yr

Room & Board

$10,394/yr

Avg Fin. Aid

$7,310/yr

Unemployment

6%

Graduation Rate

69%

Petroleum Engineering Salary in Cleveland (COL-Adjusted)

Salaries adjusted for Cleveland's cost of living index of 96 (national average = 100).

Entry Level (0-2 yrs)
$48,000($-2,000 vs national)
Mid Career (5-9 yrs)
$134,400($-5,600 vs national)
Senior Level (15+ yrs)
$168,000($-7,000 vs national)

Note: National average Petroleum Engineering salary: $50,000 starting, $140,000 mid-career, $175,000 senior level.Cleveland adjustment factor: 0.96x based on the local cost of living index.

Petroleum Engineering ROI Calculator for Cleveland

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

Public avg: $11,270 | Private avg: $49,395

Cleveland avg aid: $7,310/yr

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

Total Education Cost

$86,656

tuition + room & board - aid

Annual Earnings Premium

$14,400

vs HS diploma in Cleveland

ROI Payback Period

6 years

to break even

Lifetime Return in Cleveland

$1,161,344

Lifetime earnings premium ($1,248,000) minus total education cost ($86,656)

Student Loan Payoff for Petroleum Engineering in Cleveland

Standard Plan (10 years)

Loan Amount$86,656
Monthly Payment$984
Total Interest$31,419
% of Monthly Income25%

Aggressive Plan (5 years)

Loan Amount$86,656
Monthly Payment$1,696
Total Interest$15,075
Interest Savings$16,344

Colleges in Cleveland for Petroleum Engineering

Case Western Reserve University

private

$56,480/yr

$225,920 total

Cleveland State University

public

$11,270/yr

$45,080 total

John Carroll University

private

$42,310/yr

$169,240 total

Community Colleges (2-Year Transfer)

Cuyahoga Community College

$4,344/yr

Top Employers for Petroleum Engineering in Cleveland

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

ExxonMobilChevronShellSchlumbergerHalliburton

Key Cleveland 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 Cleveland — 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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