In the Indianapolis-Carmel-Greenwood, IN metropolitan area, Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic earn an average annual salary of $41,880. This figure is slightly below the national average of $43,940, a common occurrence in regions where the cost of living is balanced with local industry demands. The specific economic landscape and concentration of manufacturing facilities in Indianapolis directly influence this compensation level.
Executive Summary
- Average Salary: $41,880 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $54,880.
- Outlook: The Indianapolis-Carmel-Greenwood area supports a robust local workforce of 1,440 individuals in this specialized field. With a Location Quotient of 1.3, indicating a higher concentration of these jobs than the national average, the demand for skilled metal and plastic machine setters appears to be strong and potentially growing within the region.
Salary Overview
The average Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic in Indianapolis-Carmel-Greenwood, IN earns-4.7%below the national average.
$20.1
$805
$3,490
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic Salary Trends (2020-2024)
While specific historical data for this role in Indianapolis is not provided, it is reasonable to assume that over the past four years, salaries for Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic have experienced gradual growth. This trend is generally consistent with broader economic recovery and inflation, suggesting a positive trajectory for compensation in this sector.
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression in this field typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well above the average. The percentile gaps in earnings clearly signify the value placed on experience and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $31,180 | $15 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $31,410 | $15.1 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $39,010 | $18.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $52,350 | $25.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $54,880 | $26.4 |
Detailed Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic Market Analysis
Relocation Context
Nominal Salary
$41,880
Gross Pay
Real Wage (Purchasing Power)
$41,880
Adjusted for COL (100)
The average annual salary of $41,880 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 a purchasing power equivalent to the national average, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
1,440
Total Jobs
1.31
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic roles compared to the national norm.
A Location Quotient of 1.3 for Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic in Indianapolis-Carmel-Greenwood signifies a notable concentration of these roles compared to the national average. This suggests a healthy and active job market with potentially more opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastics?
Frequently Asked Questions
How much does a Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic in Indianapolis-Carmel-Greenwood, IN is $41,880. This typically ranges from $31,180 for entry-level positions to $54,880 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 4.7% lower than the national median of $43,940.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastics?
Yes, it offers average national purchasing power for this role.While the average salary is slightly below the national average, the cost of living is also at the national average, resulting in equivalent purchasing power. The strong local concentration of these jobs (LQ of 1.3) indicates a stable market.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, 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 ($44,400) and Southern Indiana nonmetropolitan area.
How does the Indianapolis salary compare to the national average?
The average annual salary in Indianapolis for this role is $41,880, which is slightly lower than the national average of $43,940.
What is the concentration of these jobs in Indianapolis?
Indianapolis has a higher concentration of these jobs than the national average, indicated by a Location Quotient of 1.3.
How does the cost of living affect the salary in Indianapolis?
The cost of living in Indianapolis is at the national average (100), meaning the local salary of $41,880 provides purchasing power equivalent to the national average.
What is the total number of workers in this field in Indianapolis?
There are approximately 1,440 individuals employed as Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic in the Indianapolis-Carmel-Greenwood area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,440 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.31 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN