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Petroleum Engineering Degree in Oxnard, CA — Salary & ROI 2026

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

Starting Salary

$56K

COL-adjusted

Mid-Career

$155K

COL-adjusted

ROI Payback

4.8 yrs

in Oxnard

Cost of Living

111

index (100 = avg)

Petroleum Engineering in Oxnard, CA Overview

Oxnard, California (pop. 202,063) has 17 colleges offering Petroleum Engineering programs. The local cost of living index of 111 is near the national average, with average rent near campus at $1,254/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 Oxnard is approximately $55,500, growing to $155,400 by mid-career.

Category

Engineering

Local Colleges

17

Public Tuition

$6,945/yr

Private Tuition

$55,924/yr

Room & Board

$12,995/yr

Avg Fin. Aid

$13,812/yr

Unemployment

4.6%

Graduation Rate

74%

Petroleum Engineering Salary in Oxnard (COL-Adjusted)

Salaries adjusted for Oxnard's cost of living index of 111 (national average = 100).

Entry Level (0-2 yrs)
$55,500(+$5,500 vs national)
Mid Career (5-9 yrs)
$155,400(+$15,400 vs national)
Senior Level (15+ yrs)
$194,250(+$19,250 vs national)

Note: National average Petroleum Engineering salary: $50,000 starting, $140,000 mid-career, $175,000 senior level.Oxnard adjustment factor: 1.11x based on the local cost of living index.

Petroleum Engineering ROI Calculator for Oxnard

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

Public avg: $6,945 | Private avg: $55,924

Oxnard avg aid: $13,812/yr

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

Total Education Cost

$79,760

tuition + room & board - aid

Annual Earnings Premium

$16,650

vs HS diploma in Oxnard

ROI Payback Period

4.8 years

to break even

Lifetime Return in Oxnard

$1,363,240

Lifetime earnings premium ($1,443,000) minus total education cost ($79,760)

Student Loan Payoff for Petroleum Engineering in Oxnard

Standard Plan (10 years)

Loan Amount$79,760
Monthly Payment$906
Total Interest$28,919
% of Monthly Income20%

Aggressive Plan (5 years)

Loan Amount$79,760
Monthly Payment$1,561
Total Interest$13,876
Interest Savings$15,043

Colleges in Oxnard for Petroleum Engineering

California State University Channel Islands

public

$6,945/yr

$27,780 total

Community Colleges (2-Year Transfer)

Oxnard College

$1,540/yr

Top Employers for Petroleum Engineering in Oxnard

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

ExxonMobilChevronShellSchlumbergerHalliburton

Key Oxnard 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 Oxnard — 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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