2020 Engineering Industry Profile Study
Date Posted: February 11, 2021
Posted In: Discussion, Workforce,
From ACEC Missouri: The ACEC Research Institute released the first-ever industry profile of the Engineering and Architectural Services sector. This landmark study measured the significant contribution engineering makes to good-paying jobs and overall economic activity. Specifically, the Engineering and Architectural Services sector directly employs more than 1.5 million Americans and supports an additional 3 million indirect jobs—that makes up 3 percent of all U.S. jobs—and drives $386 billion in annual revenue.
Additional key findings include:
- The engineering and architectural services sector pays an average annual salary of $88,000, far exceeding the national average of $60,300.
- The engineering services sector was significantly larger than the architectural services sector last year, with engineering services comprising about two-thirds of the jobs.
- California, Texas, Florida, Michigan, and New York comprise more than 40 percent of total U.S. engineering and architectural services industry employment.
- Engineering and architectural service activity generates nearly $45 billion worth of tax revenue for various local, state, and federal government agencies – more per company and employee than most other U.S. sectors.