Would you consider $50,000 to be an adequate salary for a new professional engineer? Maybe I'm delusional, but I figured I would be making more.
$50,000 was my starting salary out of college without even having my EIT. I don't think there is ANY location in the country where $50,000 is acceptable for someone having a PE. It is an insult.
Again, it depends on location. In Atlanta, $50,000 is an acceptable (though not great) salary for starting out of school. In Mobile, AL, starting is actually more like $35000, but you can buy a fantastic house for $70k where as the same house in Atlanta is $250k, so that needs to be taken into account.