Average Machinists Salary in Indianapolis-Carmel-Greenwood, IN
Machinists in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $52,860. This figure is below the national average of $57,000, suggesting that local market dynamics and potentially industry-specific demand influence compensation. While the nominal salary is lower, the cost of living in this region is on par with the national average, which needs further consideration.
Executive Summary
- Average Salary: $52,860 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $67,820.
- Outlook: The Indianapolis-Carmel-Greenwood, IN area supports a substantial workforce of 4,730 Machinists. With a Location Quotient of 2.23, this region exhibits a significantly higher concentration of these roles compared to the national average, indicating robust local demand and a specialized labor market. The presence of 4.315 Machinists per 1,000 workers underscores the established presence and ongoing need for skilled professionals in this sector within the area.
Salary Overview
The average Machinists in Indianapolis-Carmel-Greenwood, IN earns-7.3%below the national average.
$25.4
$1,017
$4,405
Machinists Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it's reasonable to assume that salaries for Machinists in Indianapolis-Carmel-Greenwood, IN have experienced gradual growth, mirroring national trends. Economic factors such as inflation, technological advancements in manufacturing, and evolving industry demands typically contribute to incremental increases in compensation for skilled trades over time.
Machinists Salary Distribution in Indianapolis-Carmel-Greenwood, IN
The salary trajectory for Machinists typically scales with experience and specialization. Entry-level positions might start closer to the lower end of the pay scale, while senior Machinists with extensive expertise, specialized certifications, or supervisory responsibilities can command significantly higher salaries. The percentile gaps in earnings clearly signify career progression opportunities, rewarding accumulated knowledge and proficiency.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $39,950 | $19.2 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $39,645 | $19.1 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $47,640 | $22.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $66,075 | $31.8 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $67,820 | $32.6 |
Detailed Machinists Market Analysis
Relocation Context
Nominal Salary
$52,860
Gross Pay
Real Wage (Purchasing Power)
$52,860
Adjusted for COL (100)
The average annual salary of $52,860 for Machinists in Indianapolis-Carmel-Greenwood, IN aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering stability for those relocating from similar economic environments. While not offering a cost-of-living advantage, it presents a predictable financial landscape.
Job Market Context
4,730
Total Jobs
4.315
Per 1K Jobs
2.23
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 2.2x the national concentration of Machinists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.23 for Machinists in Indianapolis-Carmel-Greenwood, IN signifies a market that is more than twice as concentrated as the national average. This indicates a strong and established demand for these skilled professionals, suggesting a competitive environment where employers actively seek experienced individuals. The abundance of jobs relative to the national average points to a specialized and potentially lucrative market for Machinists.
Nearby Job Markets
Nearby Cities for Machinists
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Machinists Salary | $57,540↑ 9% | 8 mi |
| Southern Indiana nonmetropolitan area Machinists Salary | $49,770↓ 6% | 8 mi |
| Central Indiana nonmetropolitan area Machinists Salary | $49,770↓ 6% | 8 mi |
| Columbus, IN Machinists Salary | $51,270↓ 3% | 41 mi |
| Bloomington, IN Machinists Salary | $48,940↓ 7% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
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Frequently Asked Questions
How much does a Machinists make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Machinists in Indianapolis-Carmel-Greenwood, IN is $52,860. This typically ranges from $39,950 for entry-level positions to $67,820 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 7.3% lower than the national median of $57,000.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Machinists?
Yes, with caveats.The strong concentration (LQ of 2.23) and substantial local workforce suggest high demand, but the average salary is slightly below the national average. However, the cost of living being at the national average balances this out.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Machinists?
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 ($57,540) and Southern Indiana nonmetropolitan area.
How does the Machinist salary in Indianapolis compare to the national average?
The average Machinist salary in Indianapolis-Carmel-Greenwood, IN is $52,860, which is approximately 7.2% lower than the national average of $57,000.
What is the concentration of Machinists in Indianapolis-Carmel-Greenwood, IN?
The concentration, measured by the Location Quotient, is 2.23, meaning there are more than twice as many Machinists in this area compared to the national average.
Does the cost of living affect the Machinist salary in Indianapolis?
The cost of living in Indianapolis-Carmel-Greenwood, IN is exactly at the national average (100). Therefore, the nominal salary of $52,860 has the same purchasing power as the national average salary.
How many Machinists are employed in the Indianapolis-Carmel-Greenwood, IN area?
There are approximately 4,730 Machinists employed 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 4,730 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 4.315 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Machinists • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN