As of July 01, 2026, the average salary for an Electrical Engineer, Principal in Maxwell, NM is $148,840 per year, which breaks down to an hourly rate of $72.
However, an Electrical Engineer, Principal's salary can vary significantly. Here’s a look at the typical salary range:
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An Electrical Engineer, Principal's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of an Electrical Engineer, Principal's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Electrica... Level Electrical Engineer, Principal | $107,339 |
| Electrica... Level Electrical Engineer, Principal | $127,807 |
| Electrica... Level Electrical Engineer, Principal | $148,272 |
| Electrica... Level Electrical Engineer, Principal | $178,458 |
| Electrica... Level Electrical Engineer, Principal | $87,505 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 8.44% |
| AutoCAD | 3.02% |
| CAD | 1.58% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Renewable Energy
|
$162,236 |
9%
|
|
Insight
|
$156,282 |
5%
|
|
Prototyping
|
$153,306 |
3%
|
|
Communicates Effectively
|
$153,306 |
3%
|
|
Schematic
|
$153,306 |
3%
|
|
System Design
|
$153,306 |
3%
|
For Electrical Engineer, Principal roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Energy & Utilities sectors offer the strongest compensation, at 30% above the average. In contrast, Electrical Engineer, Principal positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Electrical Engineer, Principal as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $193,493 | $93.0 | 30% |
| Energy & Utilities | $178,609 | $86.0 | 20% |
| Software & Networking | $178,609 | $86.0 | 20% |
| Pharmaceuticals | $171,166 | $82.0 | 15% |
| Internet | $163,724 | $79.0 | 10% |
Understanding how an Electrical Engineer, Principal's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Ready to take the next step in your career? Browse thousands of current Electrical Engineer, Principal job openings on our job board. Use the search bar below to find your perfect match.
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