Average Millwrights Salary in Indianapolis-Carmel-Greenwood, IN
Millwrights in the Indianapolis-Carmel-Greenwood, IN area earn an impressive average annual salary of $76,010, significantly surpassing the national average of $68,450. This elevated compensation is largely driven by the region's robust industrial sector and a concentrated demand for skilled trades professionals, making Indianapolis a prime location for millwrights.
Executive Summary
- Average Salary: $76,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $93,520.
- Outlook: The Indianapolis-Carmel-Greenwood, IN market for Millwrights demonstrates a healthy demand, evidenced by a local workforce of 420 professionals. With a Location Quotient of 1.44, indicating a concentration 44% higher than the national average, the job market suggests a strong and sustained need for these specialized skills within the region's industrial landscape.
Salary Overview
The average Millwrights in Indianapolis-Carmel-Greenwood, IN earns+11.0%above the national average.
$36.6
$1,462
$6,334
Millwrights Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Millwright salaries in Indianapolis-Carmel-Greenwood, IN have mirrored national trends, experiencing steady growth over the past four years. This growth is typically fueled by inflation, increasing demand for skilled labor, and the continuous need for maintenance and installation of complex machinery across various industries.
Millwrights Salary Distribution in Indianapolis-Carmel-Greenwood, IN
The career trajectory for Millwrights in Indianapolis-Carmel-Greenwood, IN offers significant earning potential. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized certifications can command salaries well above the average. The increasing salary figures at higher percentiles clearly signify substantial career progression and reward for accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $57,680 | $27.7 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $57,008 | $27.4 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $75,710 | $36.4 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $95,013 | $45.7 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $93,520 | $45 |
Detailed Millwrights Market Analysis
Relocation Context
Nominal Salary
$76,010
Gross Pay
Real Wage (Purchasing Power)
$76,010
Adjusted for COL (100)
For Millwrights considering a move to Indianapolis-Carmel-Greenwood, IN, the average annual salary of $76,010 aligns perfectly with the local cost of living, which is precisely at the national average of 100. This means your earnings will have the same purchasing power as the national average, offering a stable financial outlook without the pressure of higher living expenses.
Job Market Context
420
Total Jobs
0.38
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Millwrights roles compared to the national norm.
The Location Quotient of 1.44 for Millwrights in Indianapolis-Carmel-Greenwood, IN signifies a notably higher concentration of these professionals compared to the national average. This suggests a robust and active job market where demand likely outpaces supply, potentially leading to competitive hiring environments and favorable conditions for skilled millwrights seeking employment.
Nearby Job Markets
Nearby Cities for Millwrights
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Millwrights Salary | $62,070↓ 18% | 8 mi |
| Southern Indiana nonmetropolitan area Millwrights Salary | $76,700↑ 1% | 8 mi |
| Central Indiana nonmetropolitan area Millwrights Salary | $67,310↓ 11% | 8 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Millwrightss?
Frequently Asked Questions
How much does a Millwrights make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Millwrights in Indianapolis-Carmel-Greenwood, IN is $76,010. This typically ranges from $57,680 for entry-level positions to $93,520 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 11.0% higher than the national median of $68,450.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Millwrights?
Yes, Indianapolis-Carmel-Greenwood, IN is a lucrative location for Millwrights.Millwrights earn an average of $76,010 annually, which is higher than the national average, and the cost of living is on par with the national average, making it financially advantageous.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Millwrights?
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 ($62,070) and Southern Indiana nonmetropolitan area.
How does the local workforce size affect Millwright job prospects?
A local workforce of 420 Millwrights indicates a substantial presence of the profession, suggesting established industries that rely on these skills and a potentially stable job market.
What does a Location Quotient of 1.44 mean for Millwrights?
A Location Quotient of 1.44 means Millwrights are 44% more concentrated in Indianapolis-Carmel-Greenwood, IN than the national average, indicating higher demand and a specialized job market.
How does the Cost of Living Index of 100 impact the salary?
A Cost of Living Index of 100 means that the purchasing power of a Millwright's salary in Indianapolis-Carmel-Greenwood, IN is equivalent to the national average, offering good value for the $76,010 average salary.
Are there many Millwright jobs per 1,000 workers in Indianapolis?
With 0.38 jobs per 1,000 workers, the rate is moderate, but when combined with the high Location Quotient, it points to a specialized demand within the local economy for Millwrights.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 0.38 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Millwrights • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN