Average Medical and Health Services Managers Salary in Indianapolis-Carmel-Greenwood, IN
In Indianapolis-Carmel-Greenwood, IN, Medical and Health Services Managers earn an average annual salary of $118,750. This figure is notably below the national average of $137,170, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation within this sector.
Executive Summary
- Average Salary: $118,750 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,970.
- Outlook: The Indianapolis-Carmel-Greenwood area supports a substantial workforce of 4,940 Medical and Health Services Managers. With a Location Quotient of 1.23, indicating a concentration 23% higher than the national average, the demand for these professionals in the region appears robust and potentially growing, suggesting a stable job market.
Salary Overview
The average Medical and Health Services Managers in Indianapolis-Carmel-Greenwood, IN earns-13.4%below the national average.
$57.1
$2,284
$9,896
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Medical and Health Services Managers in Indianapolis-Carmel-Greenwood have experienced growth over the past four years, mirroring national trends of increasing healthcare demand and complexity. This upward trajectory is likely driven by factors such as an aging population and advancements in medical technology.
Medical and Health Services Managers Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Medical and Health Services Managers in Indianapolis-Carmel-Greenwood typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior roles, commanding higher salaries, represent the upper percentiles of the pay scale, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,090 | $29.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,063 | $42.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,110 | $49.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $148,438 | $71.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $172,970 | $83.2 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$118,750
Gross Pay
Real Wage (Purchasing Power)
$118,750
Adjusted for COL (100)
The average annual salary of $118,750 in Indianapolis-Carmel-Greenwood aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
4,940
Total Jobs
4.501
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
A Location Quotient of 1.23 signifies that Medical and Health Services Managers are more concentrated in Indianapolis-Carmel-Greenwood than the national average. This suggests a healthy and competitive job market where employers may actively seek out skilled professionals, potentially leading to more opportunities and a dynamic employment landscape.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Medical and Health Services Managers Salary | $102,360↓ 14% | 8 mi |
| Southern Indiana nonmetropolitan area Medical and Health Services Managers Salary | $100,180↓ 16% | 8 mi |
| Central Indiana nonmetropolitan area Medical and Health Services Managers Salary | $100,980↓ 15% | 8 mi |
| Columbus, IN Medical and Health Services Managers Salary | $102,030↓ 14% | 41 mi |
| Bloomington, IN Medical and Health Services Managers Salary | $112,490↓ 5% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Medical and Health Services Managers in Indianapolis-Carmel-Greenwood, IN is $118,750. This typically ranges from $62,090 for entry-level positions to $172,970 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 13.4% lower than the national median of $137,170.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Medical and Health Services Managerss?
Yes, with a caveat regarding the national average.While the average salary of $118,750 is below the national average, the cost of living is also at the national average, making the purchasing power comparable. The strong local concentration (LQ 1.23) indicates good demand.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Medical and Health Services 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 ($102,360) and Southern Indiana nonmetropolitan area.
How does the Indianapolis salary compare to the national average?
The average salary for Medical and Health Services Managers in Indianapolis is $118,750, which is lower than the national average of $137,170.
What is the cost of living in Indianapolis-Carmel-Greenwood, IN?
The Cost of Living Index for Indianapolis-Carmel-Greenwood is 100, which is exactly the national average.
How concentrated are Medical and Health Services Managers jobs in this area?
The Location Quotient is 1.23, meaning there are 23% more Medical and Health Services Managers jobs in this area compared to the national average, indicating a higher concentration.
How many Medical and Health Services Managers work in Indianapolis?
There are approximately 4,940 Medical and Health Services Managers employed in the Indianapolis-Carmel-Greenwood 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 4,940 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 4.501 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN