Money & Outlook

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National Earnings

Average Annual Wage

$141,180

Average Hourly Wage

$67.88

Average Annual Range

$85,350 to $205,850

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2023 to 2033 is estimated to be +6%.
(The National average for all occupations is +4%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
Employment small occupation
  This was a small occupation in the United States, employing 68,900 workers in 2023.
(The National average for all occupations is 150,944 workers)
Growth Faster than average growth
  Aircraft are being redesigned for less noise pollution and better fuel efficiency, which should help drive demand for aerospace engineers. Technological advancements have reduced the cost of launching satellites. Demand for aerospace engineers is expected to increase as space becomes more accessible, especially with developments in small satellites that have greater commercial viability. In addition, continued interest in drones for certain uses, such as forest fire detection, may help to drive employment growth for these engineers. 
Non Traditional Occupation This is a non-traditional occupation for women in 2024.
Industries Large concentrations of this occupation are found in these industries
  • Manufacturing (NAICS31-330) (47.3%)
  • Transportation equipment manufacturing (NAICS336000) (40.2%)
  • Aerospace product and parts manufacturing (NAICS336400) (40.2%)
  • Professional, scientific, and technical services (NAICS540000) (29.3%)
  • Federal government (NAICS910000) (15%)
  • Architectural, engineering, and related services (NAICS541300) (14.8%)
  • Engineering services (NAICS541330) (14.3%)
  • Scientific research and development services (NAICS541700) (8.5%)
  • Research and development in the physical, engineering, and life sciences (NAICS541710) (8.5%)
  • Computer and electronic product manufacturing (NAICS334000) (6.6%)