Average Human Resources Managers Salary in Indianapolis-Carmel-Greenwood, IN
Human Resources Managers in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $153,080. This figure is notably below the national average of $164,620, suggesting that local market dynamics and potentially a slightly lower demand influence compensation in this region. While the nominal salary is substantial, understanding its local purchasing power is key.
Executive Summary
- Average Salary: $153,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $216,740.
- Outlook: With a local workforce of 1,240 Human Resources Managers, Indianapolis-Carmel-Greenwood presents a moderately sized professional community. The Location Quotient of 0.81 indicates a concentration slightly below the national average, implying that while HR management is a present profession, it is not disproportionately concentrated compared to other areas. This suggests a stable, rather than rapidly expanding, job market for these professionals.
Salary Overview
The average Human Resources Managers in Indianapolis-Carmel-Greenwood, IN earns-7.0%below the national average.
$73.6
$2,944
$12,757
Human Resources Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Human Resources Managers across the United States, including in metropolitan areas like Indianapolis-Carmel-Greenwood, have experienced consistent growth over the past four years. This trend is typically driven by inflation, increasing demand for specialized HR functions, and the evolving complexities of workforce management.
Human Resources Managers Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Salary progression for Human Resources Managers is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the pay scale, while senior HR leaders with extensive experience and strategic oversight can earn considerably more, often reaching the upper percentiles. The gap between entry-level and senior roles highlights the substantial career growth and earning potential within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $84,310 | $40.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,810 | $55.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $131,480 | $63.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $191,350 | $92 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $216,740 | $104.2 |
Detailed Human Resources Managers Market Analysis
Relocation Context
Nominal Salary
$153,080
Gross Pay
Real Wage (Purchasing Power)
$153,080
Adjusted for COL (100)
The average annual salary of $153,080 in Indianapolis-Carmel-Greenwood aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an HR Manager's salary in this region is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
1,240
Total Jobs
1.134
Per 1K Jobs
0.81
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.81x the national average concentration of Human Resources Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.81 for Human Resources Managers in Indianapolis-Carmel-Greenwood suggests a job market that is slightly less concentrated than the national average. This indicates that while HR management roles are present and necessary, the field may not be as saturated as in some other major metropolitan areas, potentially offering a balanced competitive landscape for job seekers.
Nearby Job Markets
Nearby Cities for Human Resources Managers
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Human Resources Managers Salary | $125,980↓ 18% | 8 mi |
| Southern Indiana nonmetropolitan area Human Resources Managers Salary | $129,590↓ 15% | 8 mi |
| Central Indiana nonmetropolitan area Human Resources Managers Salary | $121,860↓ 20% | 8 mi |
| Columbus, IN Human Resources Managers Salary | $136,870↓ 11% | 41 mi |
| Bloomington, IN Human Resources Managers Salary | $150,690↓ 2% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Human Resources Managerss?
Frequently Asked Questions
How much does a Human Resources Managers make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Human Resources Managers in Indianapolis-Carmel-Greenwood, IN is $153,080. This typically ranges from $84,310 for entry-level positions to $216,740 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 7.0% lower than the national median of $164,620.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Human Resources Managers?
No, it is slightly less lucrative than the national average.The average salary of $153,080 is below the national average of $164,620, indicating less lucrative compensation. However, the cost of living is on par with the national average, meaning the salary's purchasing power is equivalent.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Human Resources 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 ($125,980) and Southern Indiana nonmetropolitan area.
How does the local HR Manager salary compare to the national average?
The average annual salary for Human Resources Managers in Indianapolis-Carmel-Greenwood is $153,080, which is approximately $11,540 less than the national average of $164,620.
What is the concentration of HR Managers in Indianapolis-Carmel-Greenwood?
The Location Quotient of 0.81 indicates that Human Resources Managers are slightly less concentrated in Indianapolis-Carmel-Greenwood compared to the national average, suggesting a moderately available talent pool.
How does the cost of living affect the HR Manager salary in Indianapolis?
With a Cost of Living Index of 100, the same as the national average, the $153,080 salary in Indianapolis-Carmel-Greenwood offers purchasing power equivalent to the national average salary.
What does the number of jobs per 1,000 workers signify for HR Managers in this area?
The figure of 1.134 jobs per 1,000 workers suggests a steady presence of HR management roles within the local economy, reflecting consistent demand for these services across various industries.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,240 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.134 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Human Resources Managers • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN