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Average Salary for Xcel Energy, Inc. Employees

Minneapolis, Minn.-based Xcel Energy, Inc. hires for positions ranging from Electrical Engineer to Senior Systems Analyst in the electric and other services combined. Compensation for Xcel Energy, Inc. employees is around $76K per year on average. Your role at the company primarily drives compensation; however, your experience level and where you live are also reported as secondary influences on salary at Xcel Energy, Inc. This report is based on answers to PayScale's salary questionnaire.

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How This Employer Pays

Xcel Energy, Inc. typically pays:
above market
Similar employers pay:
below market
Employer: Xcel Energy, Inc.
Average Salary Range by Job

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About This Company

Minneapolis, Minnesota 55402


Electric and Other Services Combined


Xcel Energy

Freebase CC-BY Source: Freebase, licensed under CC-BY


Senior Electrical Engineers earn the highest median pay at $110K annually, followed by Senior Systems Analysts (approximately $92K), Project Engineers ($74K), and Safety Consultants (about $73K). On the lower end are Energy Engineers at around $62K on average.

Years of Experience

Average pay is $73K per year for those with five to nine years of experience. The greater proportion of employees (29 percent) report one to four years of experience and bring home median pay of $66K annually.


When it comes to location, the highest average paycheck (approximately $92K per year) can be spotted in Monticello, Minn.; the company's headquarter city of Minneapolis, Minn. (about $87K), Hobbs, N.M. ($74K), and Amarillo, Texas ($70K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Denver, Colo. — at around $67K, salaries are some of the lowest in the country. By state, Minnesota offers the highest pay at about $90K annually.

Certifications and Degrees

Monetary compensation comes to around $105K per year for Project Management Certificate Holders, far surpassing the earnings of non-credentialed workers. Bigger paychecks are awarded to Professional Engineer License Holders with credentials; these people earn $103K annually on average. Regarding salaries and education, Xcel Energy, Inc. pays those with a Master of Business Administration (MBA) the most — approximately $89K.


In this role, the best-paying skill appears to be Programmable Logic Controllers / Automation; individuals who claim it among their capabilities enjoy a higher median salary of $100K per year. A common skill in Xcel Energy, Inc.'s work force is Project Management; just under one in three of survey participants report using it on the job. Three more common skills are Microsoft Excel, Microsoft Office, and Engineering Design.

Benefits and Perks

Xcel Energy, Inc. workers get plenty of help saving for their golden years, with retirement savings options such as a 401(k) plan and a company pension plan. Most survey participants can count on health insurance, and most employees have dental coverage as a benefit. A few more workplace perks are life insurance, a subsidized cell phone, tuition reimbursement, and a casual working environment.

Key Stats for Xcel Energy, Inc.


29 %
71 %
$48,479 - $92,500
$58,781 - $92,912
Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
United States (change)

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