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Average Industrial Engineers Salary in Elkhart-Goshen, IN

Industrial Engineers in Elkhart-Goshen, IN, earn an average annual salary of $92,950. This figure is notably below the national average of $107,860, suggesting that local market dynamics and industry specific demand play a significant role in compensation within this region. Factors such as the concentration of manufacturing and the overall economic landscape of Elkhart-Goshen likely influence this pay scale.

Executive Summary

  • Average Salary: $92,950 per year.
  • Growth Trend: Salaries have shifted 31.1% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $121,490.
  • Outlook: The Elkhart-Goshen, IN, job market for Industrial Engineers appears robust, with a total local workforce of 530 professionals. The Location Quotient of 1.82 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong local demand and a specialized industrial base that relies heavily on industrial engineering expertise.
2024 Market Data

Salary Overview

$92,950

The average Industrial Engineers in Elkhart-Goshen, IN earns-13.8%below the national average.

BreakdownBased on 40h/week
Hourly

$44.7

Weekly

$1,788

Monthly

$7,746

Industrial Engineers Salary Distribution in Elkhart-Goshen, IN

Salary progression for Industrial Engineers in Elkhart-Goshen, IN, typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries, potentially reaching into the upper percentiles. The gap between entry-level and senior roles signifies substantial career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$71,220$34.2
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$69,713$33.5
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$94,100$45.2
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$116,188$55.9
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$121,490$58.4

Detailed Industrial Engineers Market Analysis

Relocation Context

Nominal Salary

$92,950

Gross Pay

Real Wage (Purchasing Power)

$92,950

Adjusted for COL (100)

The average annual salary of $92,950 in Elkhart-Goshen, IN, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of an Industrial Engineer's salary in this region is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.

Job Market Context

530

Total Jobs

4.137

Per 1K Jobs

1.82

Location Quotient

Major Hub

Elkhart-Goshen, IN has 1.8x the national concentration of Industrial Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 1.82, Elkhart-Goshen, IN, exhibits a strong concentration of Industrial Engineers relative to the national average. This suggests a specialized and potentially competitive market where demand for these skills is higher than in many other regions, offering professionals a distinct advantage and potentially more career opportunities within this specific geographic area.

Nearby Job Markets

Nearby Cities for Industrial Engineers

Comparing salaries near Elkhart-Goshen, IN

Hiring Industrial Engineerss?

Frequently Asked Questions

How much does a Industrial Engineers make in Elkhart-Goshen, IN?

The median annual salary for a Industrial Engineers in Elkhart-Goshen, IN is $92,950. This typically ranges from $71,220 for entry-level positions to $121,490 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Elkhart-Goshen, IN is 13.8% lower than the national median of $107,860.

Is Elkhart-Goshen, IN a lucrative place for Industrial Engineers?

Yes, with caveats.While the average salary is below the national average, the strong concentration of roles (LQ 1.82) and a cost of living at the national average (100) indicate a stable and specialized market for Industrial Engineers.

Is Elkhart-Goshen, IN a good place to live for Industrial Engineers?

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

Where are the highest paying cities near Elkhart-Goshen, IN?

Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($96,550) and Niles, MI.

How does the Elkhart-Goshen salary compare to the national average?

Industrial Engineers in Elkhart-Goshen, IN, earn an average of $92,950 annually, which is approximately $14,910 less than the national average of $107,860.

What is the significance of the Location Quotient (LQ) in Elkhart-Goshen?

An LQ of 1.82 signifies that Industrial Engineers are more than 80% more concentrated in Elkhart-Goshen, IN, than the national average, indicating a strong local demand and specialized industry presence.

How does the cost of living affect the Elkhart-Goshen salary?

With a Cost of Living Index of 100, the Elkhart-Goshen salary of $92,950 has the same purchasing power as the national average salary, making it relatively stable in terms of affordability.

What is the total number of Industrial Engineers in Elkhart-Goshen?

There are approximately 530 Industrial Engineers employed in the Elkhart-Goshen, 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 530 employees in the Elkhart-Goshen, IN area with a job density of 4.137 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.