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Average Foundry Mold and Coremakers Salary in Indiana

Foundry Mold and Coremakers in Indiana earn an average annual salary of $47,270, slightly surpassing the national average of $46,830. This favorable compensation is influenced by Indiana's robust manufacturing sector and the specialized nature of these skilled trades, creating a demand that supports higher pay rates within the state.

Executive Summary

  • Average Salary: $47,270 per year.
  • Growth Trend: Salaries have shifted 33.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $61,740.
  • Outlook: With a local workforce of 660 Foundry Mold and Coremakers, Indiana demonstrates a significant concentration of this profession, indicated by a Location Quotient of 2.5. This suggests a strong and established presence of these roles, pointing towards a stable or potentially growing job market for skilled individuals in this field within the state.
2024 Market Data

Salary Overview

$47,270

The average Foundry Mold and Coremakers in Indiana earns+0.9%above the national average.

BreakdownBased on 40h/week
Hourly

$22.7

Weekly

$909

Monthly

$3,939

Foundry Mold and Coremakers Salary Distribution in Indiana

Salary progression for Foundry Mold and Coremakers typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with years of expertise and specialized skills can command significantly higher salaries. The percentile gaps in salary distribution reflect this career trajectory, rewarding accumulated knowledge and proficiency.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$35,220$16.9
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$35,453$17
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$47,820$23
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$59,088$28.4
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$61,740$29.7

Detailed Foundry Mold and Coremakers Market Analysis

Relocation Context

Nominal Salary

$47,270

Gross Pay

Real Wage (Purchasing Power)

$52,522

Adjusted for COL (90)

The average annual salary of $47,270 in Indiana presents a strong purchasing power, especially when considering the state's Cost of Living Index of 90. This means that the nominal salary translates to a higher effective income compared to national averages, allowing for a better standard of living and greater financial flexibility for residents.

Job Market Context

660

Total Jobs

0.206

Per 1K Jobs

2.5

Location Quotient

Major Hub

Indiana has 2.5x the national concentration of Foundry Mold and Coremakers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Indiana's Location Quotient of 2.5 for Foundry Mold and Coremakers signifies a substantial concentration of these jobs relative to the national average. This high quotient indicates a competitive and specialized labor market, suggesting that employers may actively seek out experienced talent, and that the demand for these skills is notably higher in Indiana than in many other states.

Nearby Job Markets

Hiring Foundry Mold and Coremakerss?

Frequently Asked Questions

How much does a Foundry Mold and Coremakers make in Indiana?

The median annual salary for a Foundry Mold and Coremakers in Indiana is $47,270. This typically ranges from $35,220 for entry-level positions to $61,740 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Indiana is 0.9% higher than the national median of $46,830.

Is Indiana a lucrative place for Foundry Mold and Coremakerss?

Yes, Indiana offers a lucrative environment for Foundry Mold and Coremakers.The average salary of $47,270 exceeds the national average, and the significantly lower cost of living further enhances earning potential and quality of life.

Is Indiana a good place to live for Foundry Mold and Coremakers?

With a Cost of Living Index of 90 (lower than the national average of 100), your salary goes further here.

How does Indiana's cost of living compare to the national average?

Indiana's cost of living is 10% lower than the national average, with a Cost of Living Index of 90 compared to the national benchmark of 100.

What does a Location Quotient of 2.5 mean for Foundry Mold and Coremakers in Indiana?

A Location Quotient of 2.5 indicates that Foundry Mold and Coremakers are 2.5 times more concentrated in Indiana than the national average, suggesting a high demand and specialized market.

How many Foundry Mold and Coremakers are there in Indiana?

There are approximately 660 Foundry Mold and Coremakers employed in Indiana, representing a notable segment of the state's manufacturing workforce.

Is the salary for Foundry Mold and Coremakers in Indiana higher than the national average?

Yes, the average annual salary for Foundry Mold and Coremakers in Indiana is $47,270, which is slightly higher than the national average of $46,830.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 660 employees in the Indiana area with a job density of 0.206 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Foundry Mold and Coremakers • Data source: BLS OEWS 2024 •Jobs in Indiana