In the Northern Indiana nonmetropolitan area, Molders, Shapers, and Casters, Except Metal and Plastic, earn an average annual salary of $45,580. This figure is slightly below the national average of $46,700, a difference often influenced by regional economic factors and the specific industrial landscape of nonmetropolitan areas. The unique demand and supply dynamics within this specific locale shape the compensation for these skilled trades.
Executive Summary
- Average Salary: $45,580 per year.
- Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,470.
- Outlook: The job market for Molders, Shapers, and Casters, Except Metal and Plastic, in the Northern Indiana nonmetropolitan area appears robust, characterized by a significant concentration of these roles. With a total local workforce of 310 individuals in this occupation and a Location Quotient of 6.43, the demand for these professionals is substantially higher than the national average, indicating a strong and potentially growing need for their specialized skills within the region.
Salary Overview
The average Molders, Shapers, and Casters, Except Metal and Plastic in Northern Indiana nonmetropolitan area earns-2.4%below the national average.
$21.9
$877
$3,798
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 the Northern Indiana nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typically driven by increasing demand for manufactured goods, evolving production techniques, and the need to retain skilled labor in a competitive market.
Molders, Shapers, and Casters, Except Metal and Plastic Salary Distribution in Northern Indiana nonmetropolitan area
Compensation for Molders, Shapers, and Casters, Except Metal and Plastic, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, potentially reaching the upper percentiles. The discernible gaps between salary percentiles highlight clear career progression pathways and the financial rewards associated with advancing expertise in this trade.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $38,400 | $18.5 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $34,185 | $16.4 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $43,940 | $21.1 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $56,975 | $27.4 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $57,470 | $27.6 |
Detailed Molders, Shapers, and Casters, Except Metal and Plastic Market Analysis
Relocation Context
Nominal Salary
$45,580
Gross Pay
Real Wage (Purchasing Power)
$45,580
Adjusted for COL (100)
The average annual salary of $45,580 in the Northern Indiana nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that the cost of essential goods and services, housing, and transportation is neither a significant advantage nor a disadvantage for individuals in this role when compared to the broader national context.
Job Market Context
310
Total Jobs
1.448
Per 1K Jobs
6.43
Location Quotient
Northern Indiana nonmetropolitan area has 6.4x the national concentration of Molders, Shapers, and Casters, Except Metal and Plastic 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 6.43 for Molders, Shapers, and Casters, Except Metal and Plastic, in the Northern Indiana nonmetropolitan area signifies a highly concentrated industry presence. This exceptionally high figure indicates that these roles are disproportionately represented in this region compared to the national average, suggesting a specialized local economy that relies heavily on these skills, making the job market potentially very competitive for new entrants but favorable for established professionals.
Nearby Job Markets
Nearby Cities for Molders, Shapers, and Casters, Except Metal and Plastic
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Molders, Shapers, and Casters, Except Metal and Plastic Salary | $47,690↑ 5% | 8 mi |
| Bloomington, IN Molders, Shapers, and Casters, Except Metal and Plastic Salary | $49,610↑ 9% | 49 mi |
Comparing salaries near Northern Indiana nonmetropolitan area
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 Northern Indiana nonmetropolitan area?
The median annual salary for a Molders, Shapers, and Casters, Except Metal and Plastic in Northern Indiana nonmetropolitan area is $45,580. This typically ranges from $38,400 for entry-level positions to $57,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Indiana nonmetropolitan area is 2.4% lower than the national median of $46,700.
Is Northern Indiana nonmetropolitan area a lucrative place for Molders, Shapers, and Casters, Except Metal and Plastics?
Yes, with a strong concentration of jobs.While the average salary is slightly below the national average, the exceptionally high Location Quotient indicates a robust demand and concentration of these roles. The cost of living being at the national average further supports its viability.
Is Northern Indiana nonmetropolitan area a good place to live for Molders, Shapers, and Casters, Except Metal and Plastics?
The Cost of Living Index in Northern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($47,690) and Bloomington, IN.
How does the local workforce size impact job opportunities?
A local workforce of 310 for Molders, Shapers, and Casters, Except Metal and Plastic, suggests a stable, established presence of these roles within the Northern Indiana nonmetropolitan area, indicating consistent demand and opportunities.
What does a Location Quotient of 6.43 mean for this profession?
A Location Quotient of 6.43 signifies that this occupation is over 6 times more concentrated in Northern Indiana nonmetropolitan area than the national average, pointing to a specialized and high demand for these skills locally.
How does the Cost of Living Index affect the $45,580 salary?
With a Cost of Living Index of 100, the $45,580 salary in Northern Indiana nonmetropolitan area offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower than elsewhere in the country.
Are there many jobs per 1,000 workers for this role in Northern Indiana?
With 1.448 jobs per 1,000 workers, this indicates a notable presence of Molders, Shapers, and Casters, Except Metal and Plastic, roles relative to the overall workforce in the Northern Indiana nonmetropolitan area, reflecting consistent employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Northern Indiana nonmetropolitan area area with a job density of 1.448 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Molders, Shapers, and Casters, Except Metal and Plastic • Data source: BLS OEWS 2024 •Jobs in Northern Indiana nonmetropolitan area