Petroleum Engineering Degree in Salem, OR — Salary & ROI 2026
Petroleum Engineering degree analysis for Salem, OR. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$60K
COL-adjusted
Mid-Career
$168K
COL-adjusted
ROI Payback
6.3 yrs
in Salem
Cost of Living
120
index (100 = avg)
Petroleum Engineering in Salem, OR Overview
Salem, Oregon (pop. 175,535) has 14 colleges offering Petroleum Engineering programs. The local cost of living index of 120 is higher than average, so budget accordingly, with average rent near campus at $1,384/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 Salem is approximately $60,000, growing to $168,000 by mid-career.
Category
Engineering
Local Colleges
14
Public Tuition
$12,943/yr
Private Tuition
$46,250/yr
Room & Board
$15,380/yr
Avg Fin. Aid
$14,172/yr
Unemployment
5.4%
Graduation Rate
57%
Petroleum Engineering Salary in Salem (COL-Adjusted)
Salaries adjusted for Salem's cost of living index of 120 (national average = 100).
Note: National average Petroleum Engineering salary: $50,000 starting, $140,000 mid-career, $175,000 senior level.Salem adjustment factor: 1.20x based on the local cost of living index.
Petroleum Engineering ROI Calculator for Salem
Estimate your return on investment for a Petroleum Engineering degree using local Salem tuition and cost of living data.
Public avg: $12,943 | Private avg: $46,250
Salem avg aid: $14,172/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$113,292
tuition + room & board - aid
Annual Earnings Premium
$18,000
vs HS diploma in Salem
ROI Payback Period
6.3 years
to break even
Lifetime Return in Salem
$1,446,708
Lifetime earnings premium ($1,560,000) minus total education cost ($113,292)
Student Loan Payoff for Petroleum Engineering in Salem
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Salem for Petroleum Engineering
Willamette University
private
$46,250/yr
$185,000 total
Community Colleges (2-Year Transfer)
Chemeketa Community College
$4,536/yr
Top Employers for Petroleum Engineering in Salem
Salem offers opportunities in Engineering firms, Manufacturing, Defense contractors for Petroleum Engineering graduates. National top employers in this field include:
Key Salem Hiring Sectors for Engineering
Engineering firms
Manufacturing
Defense contractors
Energy companies
Construction firms
Common Petroleum Engineering Job Titles
Petroleum Engineering in Nearby Oregon Cities
Portland, OR
$56K starting · COL 112
24 colleges
Eugene, OR
$65K starting · COL 130
14 colleges
Gresham, OR
$55K starting · COL 110.2
5 colleges
Hillsboro, OR
$58K starting · COL 115.5
5 colleges
Bend, OR
$54K starting · COL 107
2 colleges
Beaverton, OR
$53K starting · COL 105.9
4 colleges
Medford, OR
$56K starting · COL 111
4 colleges
Springfield, OR
$60K starting · COL 120.3
3 colleges
Other Engineering Majors in Salem
Computer Engineering
$60K starting · 3 yr ROI
Chemical Engineering
$98K starting · 3.2 yr ROI
Nuclear Engineering
$60K starting · 3.3 yr ROI
Electrical Engineering
$96K starting · 3.3 yr ROI
Aerospace Engineering
$96K starting · 3.5 yr ROI
Mechanical Engineering
$94K starting · 3.5 yr ROI
Mining Engineering
$60K starting · 3 yr ROI
Materials Science & Engineering
$60K starting · 3.8 yr ROI
Petroleum Engineering Degree in Salem — 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 Petroleum Engineering ROI in other cities, or explore other majors in Salem.