Yes. Well, in engineering anyway. That's why most engineers use academia as a stepping stone to something else. Working in science is, I think, sort of like working at a startup that's perpetually short on cash with no possibility of an exit.
With a little digging you can find published tables of job codes and salaries for many universities, e.g., https://www.udel.edu/content/dam/udelImages/human-resources/...
Faculty are listed separately for some reason: https://www.udel.edu/faculty-staff/human-resources/compensat...
Positions requiring a PhD start being listed at 29E (midrange of $55k) or 30E (midrange of $63,800). You could easily get that with a bachelor's degree in engineering 10 years ago. I suspect you will find the "Information Technology" Job Family salaries particularly amusing.