Molders, Shapers, and Casters, Except Metal and Plastic in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $47,690, slightly surpassing the national average of $46,700. This localized premium is influenced by the specific industrial demands and the concentration of these specialized roles within the region's manufacturing sector.
Executive Summary
- Average Salary: $47,690 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,090.
- Outlook: The Indianapolis-Carmel-Greenwood, IN metropolitan area supports a dedicated workforce of 350 Molders, Shapers, and Casters, Except Metal and Plastic. With a Location Quotient of 1.41, indicating a concentration 41% higher than the national average, the job market for these professionals demonstrates a robust demand and a specialized industrial ecosystem.
Salary Overview
The average Molders, Shapers, and Casters, Except Metal and Plastic in Indianapolis-Carmel-Greenwood, IN earns+2.1%above the national average.
$22.9
$917
$3,974
Molders, Shapers, and Casters, Except Metal and Plastic Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Molders, Shapers, and Casters, Except Metal and Plastic in Indianapolis-Carmel-Greenwood, IN have experienced steady growth over the past four years, mirroring general economic trends and inflation adjustments within the manufacturing sector.
Molders, Shapers, and Casters, Except Metal and Plastic Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Molders, Shapers, and Casters, Except Metal and Plastic typically involves a significant salary increase with experience. Entry-level positions may start at the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $38,870 | $18.7 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $35,768 | $17.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $48,860 | $23.5 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $59,613 | $28.7 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $57,090 | $27.4 |
Detailed Molders, Shapers, and Casters, Except Metal and Plastic Market Analysis
Relocation Context
Nominal Salary
$47,690
Gross Pay
Real Wage (Purchasing Power)
$47,690
Adjusted for COL (100)
The average annual salary of $47,690 in Indianapolis-Carmel-Greenwood, IN aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering stable financial stability for professionals in this role within the region.
Job Market Context
350
Total Jobs
0.317
Per 1K Jobs
1.41
Location Quotient
With a location quotient of 1.41, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Molders, Shapers, and Casters, Except Metal and Plastic roles compared to the national norm.
The Location Quotient of 1.41 for Molders, Shapers, and Casters, Except Metal and Plastic in Indianapolis-Carmel-Greenwood, IN signifies a notably higher concentration of these jobs compared to the national average. This suggests a competitive yet specialized market where employers actively seek talent with these specific skills.
Nearby Job Markets
Nearby Cities for Molders, Shapers, and Casters, Except Metal and Plastic
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Molders, Shapers, and Casters, Except Metal and Plastics?
Frequently Asked Questions
How much does a Molders, Shapers, and Casters, Except Metal and Plastic make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Molders, Shapers, and Casters, Except Metal and Plastic in Indianapolis-Carmel-Greenwood, IN is $47,690. This typically ranges from $38,870 for entry-level positions to $57,090 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 2.1% higher than the national median of $46,700.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Molders, Shapers, and Casters, Except Metal and Plastics?
Yes, it offers a competitive salary with average cost of living.The average salary of $47,690 is above the national average, and the cost of living is exactly at the national average, making it a financially stable location for this profession.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Molders, Shapers, and Casters, Except Metal and Plastics?
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 ($45,580) and Southern Indiana nonmetropolitan area.
How does the local workforce size impact job availability?
A local workforce of 350 indicates a substantial, established presence of these roles, suggesting consistent opportunities for both new entrants and experienced professionals.
What does a Location Quotient of 1.41 mean for job seekers?
A Location Quotient of 1.41 means the concentration of these jobs is 41% higher than the national average, indicating a stronger demand and potentially more specialized opportunities in Indianapolis-Carmel-Greenwood, IN.
How does experience affect salary for Molders, Shapers, and Casters?
As with most skilled trades, experience significantly impacts earning potential, with senior roles commanding higher salaries than entry-level positions due to accumulated expertise and responsibility.
Is the cost of living in Indianapolis-Carmel-Greenwood, IN a factor in the salary?
The cost of living being at the national average (100) suggests that the slightly higher local salary is a reflection of specialized demand rather than a necessity to offset higher living expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 0.317 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Molders, Shapers, and Casters, Except Metal and Plastic Salaries by State
Top Jobs in Indianapolis-Carmel-Greenwood, IN
- All Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Transportation and Material Moving Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Office and Administrative Support Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Sales and Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Food Preparation and Serving Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Healthcare Practitioners and Technical Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Production Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Business and Financial Operations Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Management Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Educational Instruction and Library Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Browse All Jobs in Indianapolis-Carmel-Greenwood, IN →
Semantic Salary Analysis for Molders, Shapers, and Casters, Except Metal and Plastic • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN