Average Physical Therapists Salary in Indianapolis-Carmel-Greenwood, IN
Physical Therapists in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $98,590. This figure is slightly below the national average of $102,240, suggesting localized market dynamics and demand influence compensation. While not reaching the national benchmark, this salary reflects the specific economic conditions and employer needs within this metropolitan region.
Executive Summary
- Average Salary: $98,590 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,340.
- Outlook: The Indianapolis-Carmel-Greenwood area supports a robust community of 2,320 Physical Therapists, indicating a significant presence in the healthcare sector. With a Location Quotient of 1.31, the concentration of these professionals is notably higher than the national average, signifying strong local demand and a well-established career field within the region.
Salary Overview
The average Physical Therapists in Indianapolis-Carmel-Greenwood, IN earns-3.6%below the national average.
$47.4
$1,896
$8,216
Physical Therapists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Physical Therapist salaries in Indianapolis-Carmel-Greenwood have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, an aging population, and advancements in rehabilitation techniques likely contribute to a consistent upward pressure on compensation for these vital healthcare professionals.
Physical Therapists Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Physical Therapists in Indianapolis-Carmel-Greenwood typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles. The salary distribution reflects a clear pathway for advancement, with significant earning potential for those who build their expertise and tenure in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $65,780 | $31.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $73,943 | $35.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $99,930 | $48 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $123,238 | $59.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $125,340 | $60.3 |
Detailed Physical Therapists Market Analysis
Relocation Context
Nominal Salary
$98,590
Gross Pay
Real Wage (Purchasing Power)
$98,590
Adjusted for COL (100)
The average annual salary of $98,590 for Physical Therapists in Indianapolis-Carmel-Greenwood aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Physical Therapist's salary in this region is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
2,320
Total Jobs
2.116
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Physical Therapists roles compared to the national norm.
A Location Quotient of 1.31 indicates that Physical Therapists are more concentrated in the Indianapolis-Carmel-Greenwood area than the national average. This suggests a healthy and active job market with a strong demand for these specialists, potentially offering more opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Physical Therapists
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Physical Therapists Salary | $98,500↓ 0% | 8 mi |
| Southern Indiana nonmetropolitan area Physical Therapists Salary | $96,970↓ 2% | 8 mi |
| Central Indiana nonmetropolitan area Physical Therapists Salary | $95,750↓ 3% | 8 mi |
| Columbus, IN Physical Therapists Salary | $90,890↓ 8% | 41 mi |
| Bloomington, IN Physical Therapists Salary | $97,240↓ 1% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Physical Therapistss?
Frequently Asked Questions
How much does a Physical Therapists make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Physical Therapists in Indianapolis-Carmel-Greenwood, IN is $98,590. This typically ranges from $65,780 for entry-level positions to $125,340 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 3.6% lower than the national median of $102,240.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Physical Therapists?
Yes, it offers competitive compensation relative to the cost of living.Physical Therapists earn $98,590 annually, which is close to the national average, while the cost of living is exactly at the national average. This balance makes it a financially sound location for the profession.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Physical Therapists?
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 ($98,500) and Southern Indiana nonmetropolitan area.
How does the Indianapolis Physical Therapist salary compare to the national average?
Physical Therapists in Indianapolis-Carmel-Greenwood earn an average of $98,590 annually, which is slightly lower than the national average of $102,240.
What is the concentration of Physical Therapists in Indianapolis?
The Indianapolis-Carmel-Greenwood area has a Location Quotient of 1.31 for Physical Therapists, meaning they are 31% more concentrated than the national average.
How does the cost of living affect the Physical Therapist salary in Indianapolis?
With a Cost of Living Index of 100, the Indianapolis-Carmel-Greenwood area matches the national average, making the $98,590 salary provide purchasing power equivalent to the national median.
What is the total number of Physical Therapists in the Indianapolis area?
There are approximately 2,320 Physical Therapists employed within the Indianapolis-Carmel-Greenwood metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,320 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 2.116 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Physical Therapists • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN