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Petroleum Engineers Salary in Montana: Cost of Living Adjusted (2024)

What does a Petroleum Engineers salary really buy you in Montana?

Montana is 9.7% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$84,380
Median annual (2024)
+10.7%
Real Purchasing Power
$93,444
COL-adjusted (RPP=90.3)

Montana Cost of Living Index

Montana's Regional Price Parity (RPP) is 90.3, meaning prices are 9.7% lower the national average. A Petroleum Engineers earning $84,380 in Montana has the equivalent purchasing power of $93,444 in an average-cost US state.

MT: 90.3
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Montana's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $60,080 $66,533 +$6,453
25th Percentile (P25) $75,580 $83,698 +$8,118
Median (P50) $84,380 $93,444 +$9,064
75th Percentile (P75) $129,390 $143,289 +$13,899
90th Percentile (P90) $156,470 $173,277 +$16,807
Key Insight

A Petroleum Engineers in Montana earns $84,380 on paper, but low living costs mean your money goes 11% further — like earning $93,444 in an average-cost state. This makes Montana one of the best value states for this occupation.

Best States for Petroleum Engineers (After Cost of Living)

Where does Petroleum Engineers salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. Alaska
$196,813
RPP 102.0
$178,910
RPP 91.8
3. Utah
$176,275
RPP 94.5
4. Wyoming
$166,235
RPP 91.9
$163,773
RPP 102.3
$160,439
RPP 88.8
7. Texas
$157,128
RPP 97.5
$148,598
RPP 90.6
$146,662
RPP 88.7
10. Michigan
$140,524
RPP 93.4

Montana ranks #22 out of 23 states for Petroleum Engineers after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Petroleum Engineers in Montana after cost of living?

A Petroleum Engineers in Montana earns a median salary of $84,380 per year. After adjusting for Montana's cost of living (RPP=90.3), the real purchasing power is $93,444 — a +10.7% difference.

Is Montana expensive to live in?

Montana's cost of living is 9.7% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Montana is 90.3 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Petroleum Engineers in Montana: $84,380 x (100 / 90.3) = $93,444. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Petroleum Engineers in Montana financially?

From a purchasing power perspective, yes. A Petroleum Engineers in Montana enjoys 10.7% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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