Average Industrial Production Managers Salary in Indianapolis-Carmel-Greenwood, IN
Industrial Production Managers in the Indianapolis-Carmel-Greenwood, IN area earn an impressive average annual salary of $131,260. This figure slightly surpasses the national average of $129,180, indicating a strong demand for these critical roles within the region. Local economic factors and the concentration of manufacturing industries likely contribute to this favorable compensation.
Executive Summary
- Average Salary: $131,260 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,610.
- Outlook: The Indianapolis-Carmel-Greenwood area supports a robust job market for Industrial Production Managers, with a local workforce of 1,940 individuals in this role. The Location Quotient of 1.16 suggests a slightly higher concentration of these positions compared to the national average, signaling a healthy and potentially growing demand for experienced professionals in this sector.
Salary Overview
The average Industrial Production Managers in Indianapolis-Carmel-Greenwood, IN earns+1.6%above the national average.
$63.1
$2,524
$10,938
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Industrial Production Managers in Indianapolis-Carmel-Greenwood have experienced steady growth over the past four years, mirroring national trends. Increased industrial activity, technological advancements, and a persistent need for efficient production oversight likely drive this upward salary trajectory.
Industrial Production Managers Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Industrial Production Managers typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive leadership and operational expertise can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on specialized knowledge and proven management capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,240 | $36.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,445 | $47.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,810 | $58.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $164,075 | $78.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $206,610 | $99.3 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$131,260
Gross Pay
Real Wage (Purchasing Power)
$131,260
Adjusted for COL (100)
The average annual salary of $131,260 in Indianapolis-Carmel-Greenwood aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Industrial Production Manager's salary in this region is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
1,940
Total Jobs
1.769
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Industrial Production Managers roles compared to the national norm.
With a Location Quotient of 1.16, the Indianapolis-Carmel-Greenwood metropolitan area demonstrates a slightly higher concentration of Industrial Production Manager roles than the national average. This suggests a competitive yet accessible job market, where employers actively seek qualified candidates, and professionals have a good opportunity to find relevant employment.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Industrial Production Managers Salary | $109,160↓ 17% | 8 mi |
| Southern Indiana nonmetropolitan area Industrial Production Managers Salary | $105,280↓ 20% | 8 mi |
| Central Indiana nonmetropolitan area Industrial Production Managers Salary | $110,700↓ 16% | 8 mi |
| Columbus, IN Industrial Production Managers Salary | $113,720↓ 13% | 41 mi |
| Bloomington, IN Industrial Production Managers Salary | $154,940↑ 18% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Industrial Production Managers in Indianapolis-Carmel-Greenwood, IN is $131,260. This typically ranges from $76,240 for entry-level positions to $206,610 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 1.6% higher than the national median of $129,180.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Industrial Production Managers?
Yes, it is a lucrative place for Industrial Production Managers.The average salary of $131,260 is above the national average, and the cost of living is exactly at the national average, providing strong purchasing power.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Industrial Production 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 ($109,160) and Southern Indiana nonmetropolitan area.
What is the average salary for an Industrial Production Manager in Indianapolis-Carmel-Greenwood, IN?
The average annual salary for an Industrial Production Manager in the Indianapolis-Carmel-Greenwood, IN area is $131,260.
How does the Indianapolis-Carmel-Greenwood salary compare to the national average?
The average salary in Indianapolis-Carmel-Greenwood ($131,260) is slightly higher than the national average ($129,180).
What is the cost of living in Indianapolis-Carmel-Greenwood, IN for this role?
The cost of living in Indianapolis-Carmel-Greenwood, IN is at the national average, indexed at 100.
How concentrated are Industrial Production Manager jobs in this area?
The concentration of Industrial Production Manager jobs in this area is slightly above the national average, indicated by a Location Quotient of 1.16.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,940 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.769 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Production Managers • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN