Average Financial Managers Salary in Indianapolis-Carmel-Greenwood, IN
Financial Managers in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $157,380. This figure is notably below the national average of $184,480, suggesting localized economic factors and market demand play a significant role in compensation within this metropolitan region. Understanding these local nuances is crucial for career planning and salary negotiation.
Executive Summary
- Average Salary: $157,380 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $228,110.
- Outlook: The Indianapolis-Carmel-Greenwood, IN area supports a substantial workforce of 4,750 Financial Managers. With a Location Quotient of 0.81, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally saturated market. The presence of over 4,000 professionals suggests a robust demand for financial expertise within the region's diverse economic landscape.
Salary Overview
The average Financial Managers in Indianapolis-Carmel-Greenwood, IN earns-14.7%below the national average.
$75.7
$3,027
$13,115
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Financial Manager salaries in Indianapolis-Carmel-Greenwood, IN have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial planning and analysis typically drive salary increases for experienced professionals in this field.
Financial Managers Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Salary progression for Financial Managers in Indianapolis-Carmel-Greenwood, IN is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, such as Chief Financial Officers or Directors of Finance, can significantly exceed the average. The percentile gaps between different experience levels highlight clear pathways for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $82,340 | $39.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,035 | $56.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $139,660 | $67.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,725 | $94.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $228,110 | $109.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$157,380
Gross Pay
Real Wage (Purchasing Power)
$157,380
Adjusted for COL (100)
The average annual salary of $157,380 for Financial Managers in Indianapolis-Carmel-Greenwood, IN aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in this area is equivalent to the national average, offering a balanced financial standing for professionals residing here.
Job Market Context
4,750
Total Jobs
4.327
Per 1K Jobs
0.81
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.81x the national average concentration of Financial Managers 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 0.81 for Financial Managers in Indianapolis-Carmel-Greenwood, IN indicates that the profession is slightly less concentrated than the national average. This suggests a healthy job market where demand exists, but competition may not be as intense as in more saturated metropolitan areas, potentially offering good opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Financial Managers Salary | $119,520↓ 24% | 8 mi |
| Southern Indiana nonmetropolitan area Financial Managers Salary | $123,280↓ 22% | 8 mi |
| Central Indiana nonmetropolitan area Financial Managers Salary | $137,860↓ 12% | 8 mi |
| Columbus, IN Financial Managers Salary | $150,120↓ 5% | 41 mi |
| Bloomington, IN Financial Managers Salary | $145,130↓ 8% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Financial Managers in Indianapolis-Carmel-Greenwood, IN is $157,380. This typically ranges from $82,340 for entry-level positions to $228,110 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 14.7% lower than the national median of $184,480.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Financial Managers?
No, but it offers good value.While the average salary of $157,380 is below the national average, the cost of living is also at the national average, meaning your earnings hold their value. The stable job market suggests consistent opportunities.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Financial Managers?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($119,520) and Southern Indiana nonmetropolitan area.
How does the Indianapolis Financial Manager salary compare to the national average?
The average salary for Financial Managers in Indianapolis is $157,380, which is lower than the national average of $184,480.
What is the cost of living in Indianapolis-Carmel-Greenwood, IN?
The Cost of Living Index for Indianapolis-Carmel-Greenwood, IN is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in Indianapolis?
The job market is slightly less concentrated than the national average, with a Location Quotient of 0.81, suggesting a balanced demand and supply.
How many Financial Managers are there in Indianapolis?
There are approximately 4,750 Financial Managers working 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 4,750 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 4.327 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Indianapolis-Carmel-Greenwood, IN
- All Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Transportation and Material Moving Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Office and Administrative Support Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Sales and Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Food Preparation and Serving Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Healthcare Practitioners and Technical Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Production Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Business and Financial Operations Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Management Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Educational Instruction and Library Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Browse All Jobs in Indianapolis-Carmel-Greenwood, IN →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN