Molders, Shapers, and Casters, Except Metal and Plastic in Southern Indiana's nonmetropolitan areas earn an average annual salary of $49,120. This figure notably surpasses the national average of $46,700, indicating a localized premium for these skilled roles. The specific industrial composition and demand within this region likely contribute to this higher compensation.
Executive Summary
- Average Salary: $49,120 per year.
- Growth Trend: Salaries have shifted 30.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,340.
- Outlook: The job market for Molders, Shapers, and Casters in Southern Indiana's nonmetropolitan areas appears robust, characterized by a total local workforce of 200 individuals. The exceptionally high Location Quotient of 4.48 signifies a significant concentration of these roles compared to the national average, suggesting strong local demand and a specialized industrial base that relies heavily on this workforce.
Salary Overview
The average Molders, Shapers, and Casters, Except Metal and Plastic in Southern Indiana nonmetropolitan area earns+5.2%above the national average.
$23.6
$945
$4,093
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 in Southern Indiana have experienced steady growth over the past four years, mirroring national trends. Economic factors such as inflation, increased demand for manufactured goods, and evolving industry standards typically drive incremental salary increases in specialized labor markets.
Molders, Shapers, and Casters, Except Metal and Plastic Salary Distribution in Southern Indiana nonmetropolitan area
Career progression for Molders, Shapers, and Casters, Except Metal and Plastic, typically involves a salary scale that increases with experience and skill. Entry-level positions will command lower salaries, while seasoned professionals with specialized expertise or supervisory responsibilities can expect to earn significantly more. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $36,950 | $17.8 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $36,840 | $17.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $48,900 | $23.5 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $61,400 | $29.5 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $58,340 | $28 |
Detailed Molders, Shapers, and Casters, Except Metal and Plastic Market Analysis
Relocation Context
Nominal Salary
$49,120
Gross Pay
Real Wage (Purchasing Power)
$49,120
Adjusted for COL (100)
The average annual salary of $49,120 in Southern Indiana's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, allowing individuals to maintain a comparable standard of living without the added financial strain often associated with higher cost-of-living regions.
Job Market Context
200
Total Jobs
1.01
Per 1K Jobs
4.48
Location Quotient
Southern Indiana nonmetropolitan area has 4.5x 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.
With a Location Quotient of 4.48, Southern Indiana's nonmetropolitan areas exhibit a highly concentrated market for Molders, Shapers, and Casters, Except Metal and Plastic. This indicates that the demand for these professionals is substantially higher relative to the national average, suggesting a competitive environment for employers seeking talent and a favorable landscape for job seekers in this specific field.
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↓ 3% | 8 mi |
| Bloomington, IN Molders, Shapers, and Casters, Except Metal and Plastic Salary | $49,610↑ 1% | 49 mi |
Comparing salaries near Southern 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 Southern Indiana nonmetropolitan area?
The median annual salary for a Molders, Shapers, and Casters, Except Metal and Plastic in Southern Indiana nonmetropolitan area is $49,120. This typically ranges from $36,950 for entry-level positions to $58,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 5.2% higher than the national median of $46,700.
Is Southern Indiana nonmetropolitan area a lucrative place for Molders, Shapers, and Casters, Except Metal and Plastics?
Yes, it offers above-average compensation.The average salary of $49,120 exceeds the national average, and the cost of living is on par with the national average, making it financially advantageous.
Is Southern Indiana nonmetropolitan area a good place to live for Molders, Shapers, and Casters, Except Metal and Plastics?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($47,690) and Bloomington, IN.
How does the local salary compare to the national average?
The average annual salary for Molders, Shapers, and Casters, Except Metal and Plastic in Southern Indiana's nonmetropolitan areas is $49,120, which is higher than the national average of $46,700.
What does the Location Quotient of 4.48 signify?
A Location Quotient of 4.48 means that the concentration of Molders, Shapers, and Casters, Except Metal and Plastic in this region is 4.48 times higher than the national average, indicating a strong local demand and specialized industry presence.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the local cost of living is exactly average. This means the $49,120 salary has the same purchasing power as the national average salary in a national average cost-of-living area.
What is the job market like for these roles in Southern Indiana?
The job market is highly concentrated, with 1.01 jobs per 1,000 workers and a significant local workforce of 200, suggesting a robust and specialized demand for these skills.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Southern Indiana nonmetropolitan area area with a job density of 1.01 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 Southern Indiana nonmetropolitan area