SalaryNode

Average Aerospace Engineers Salary in Indianapolis-Carmel-Greenwood, IN

Aerospace Engineers in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $118,540. This figure is below the national average of $141,460, suggesting that local market dynamics and industry concentration play a significant role in compensation. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating its true value.

Executive Summary

  • Average Salary: $118,540 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $175,990.
  • Outlook: The Indianapolis-Carmel-Greenwood area supports a dedicated workforce of 350 Aerospace Engineers. With a Location Quotient of 0.72, the region demonstrates a slightly lower concentration of these professionals compared to the national average. This indicates a stable, albeit not hyper-concentrated, job market for aerospace engineering talent within this metropolitan area.
2024 Market Data

Salary Overview

$118,540

The average Aerospace Engineers in Indianapolis-Carmel-Greenwood, IN earns-16.2%below the national average.

BreakdownBased on 40h/week
Hourly

$57

Weekly

$2,280

Monthly

$9,878

Aerospace Engineers Salary Distribution in Indianapolis-Carmel-Greenwood, IN

Salary progression for Aerospace Engineers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while senior engineers with extensive expertise and specialized skills can command salaries well above the average. The percentile gaps in salary data reflect this career trajectory, rewarding accumulated knowledge and leadership.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$80,320$38.6
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$88,905$42.7
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$108,990$52.4
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$148,175$71.2
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$175,990$84.6

Detailed Aerospace Engineers Market Analysis

Relocation Context

Nominal Salary

$118,540

Gross Pay

Real Wage (Purchasing Power)

$118,540

Adjusted for COL (100)

The average annual salary of $118,540 in Indianapolis-Carmel-Greenwood aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Aerospace Engineer's salary in this region is equivalent to the national average, offering a balanced lifestyle without the premium often associated with higher cost-of-living areas.

Job Market Context

350

Total Jobs

0.319

Per 1K Jobs

0.72

Location Quotient

Below Average

Indianapolis-Carmel-Greenwood, IN has 0.72x the national average concentration of Aerospace Engineers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.72 suggests that Aerospace Engineers are slightly less concentrated in Indianapolis-Carmel-Greenwood than the national average. This implies a moderately competitive job market; while opportunities exist, the demand might not be as intense as in regions with a higher concentration of aerospace firms, potentially offering a more balanced negotiation landscape for skilled professionals.

Nearby Job Markets

Hiring Aerospace Engineerss?

Frequently Asked Questions

How much does a Aerospace Engineers make in Indianapolis-Carmel-Greenwood, IN?

The median annual salary for a Aerospace Engineers in Indianapolis-Carmel-Greenwood, IN is $118,540. This typically ranges from $80,320 for entry-level positions to $175,990 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 16.2% lower than the national median of $141,460.

Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Aerospace Engineers?

No, but it offers good value.While the average salary of $118,540 is below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power.

Is Indianapolis-Carmel-Greenwood, IN a good place to live for Aerospace Engineers?

The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.

How does the Indianapolis Aerospace Engineer salary compare to the national average?

The average salary for Aerospace Engineers in Indianapolis-Carmel-Greenwood, IN is $118,540, which is lower than the national average of $141,460.

What is the concentration of Aerospace Engineers in Indianapolis-Carmel-Greenwood, IN?

The concentration, measured by the Location Quotient, is 0.72, indicating a slightly lower presence of Aerospace Engineers compared to the national average.

How does the cost of living affect the Aerospace Engineer salary in Indianapolis?

The cost of living in Indianapolis-Carmel-Greenwood is exactly at the national average (100), meaning the $118,540 salary offers purchasing power equivalent to the national average.

What is the total number of Aerospace Engineers in the Indianapolis-Carmel-Greenwood, IN area?

There are approximately 350 Aerospace Engineers employed in the Indianapolis-Carmel-Greenwood, IN metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 0.319 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Indianapolis-Carmel-Greenwood, IN

Semantic Salary Analysis for Aerospace Engineers • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN