Average Residential Advisors Salary in Indianapolis-Carmel-Greenwood, IN
The average annual salary for a Residential Advisor in the Indianapolis-Carmel-Greenwood, IN area is $40,920. This figure is slightly below the national average of $41,320, indicating a minor difference in compensation trends. Local economic factors and the specific demand within the Indianapolis metropolitan area likely contribute to this pay scale.
Executive Summary
- Average Salary: $40,920 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,780.
- Outlook: With a total local workforce of 410 Residential Advisors, the Indianapolis-Carmel-Greenwood market demonstrates a moderate presence in this field. The Location Quotient of 0.7 suggests that the concentration of these roles is slightly lower than the national average, implying a stable but not exceptionally high demand relative to other occupations in the region.
Salary Overview
The average Residential Advisors in Indianapolis-Carmel-Greenwood, IN earns-1.0%below the national average.
$19.7
$787
$3,410
Residential Advisors Salary Trends (2020-2024)
While specific historical data for Residential Advisor salary growth in Indianapolis is not provided, it's reasonable to assume a general upward trend over the past four years, mirroring national patterns of wage inflation and increased demand for support roles. This suggests that compensation for Residential Advisors in the region has likely seen incremental increases, aligning with broader economic adjustments.
Residential Advisors Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Experience plays a significant role in the earning potential of Residential Advisors. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command higher salaries. The progression from junior to senior roles is often marked by increasing responsibilities and a corresponding rise in compensation, reflected in the salary distribution percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $29,490 | $14.2 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $30,690 | $14.8 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $38,410 | $18.5 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $51,150 | $24.6 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $56,780 | $27.3 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$40,920
Gross Pay
Real Wage (Purchasing Power)
$40,920
Adjusted for COL (100)
The average annual salary of $40,920 in Indianapolis-Carmel-Greenwood aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Residential Advisor's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
410
Total Jobs
0.374
Per 1K Jobs
0.7
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.70x the national average concentration of Residential Advisors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.7 for Residential Advisors in Indianapolis-Carmel-Greenwood indicates that this profession is less concentrated in the area compared to the national average. This suggests that while there is a consistent need for these roles, the job market may not be saturated, potentially offering stable employment opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Residential Advisors Salary | $36,540↓ 11% | 8 mi |
| Southern Indiana nonmetropolitan area Residential Advisors Salary | $39,320↓ 4% | 8 mi |
| Central Indiana nonmetropolitan area Residential Advisors Salary | $38,180↓ 7% | 8 mi |
| Bloomington, IN Residential Advisors Salary | $47,850↑ 17% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Residential Advisors in Indianapolis-Carmel-Greenwood, IN is $40,920. This typically ranges from $29,490 for entry-level positions to $56,780 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 1.0% lower than the national median of $41,320.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Residential Advisorss?
No, not significantly more lucrative than the national average.The average salary of $40,920 is slightly below the national average, and the cost of living is exactly at the national average, offering no substantial financial advantage.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Residential Advisors?
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 ($36,540) and Southern Indiana nonmetropolitan area.
How does the Indianapolis Residential Advisor salary compare to the national average?
The average salary for Residential Advisors in Indianapolis-Carmel-Greenwood is $40,920, which is slightly lower than the national average of $41,320.
What is the concentration of Residential Advisors in Indianapolis-Carmel-Greenwood?
The concentration, measured by the Location Quotient, is 0.7, indicating that Residential Advisors are less prevalent in this area compared to the national average.
Does the cost of living affect the value of a Residential Advisor's salary in Indianapolis?
No, the cost of living in Indianapolis-Carmel-Greenwood is exactly at the national average (100), meaning the $40,920 salary has the same purchasing power as the national average salary.
How many Residential Advisors are there in the Indianapolis-Carmel-Greenwood area?
There are approximately 410 Residential Advisors 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 410 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 0.374 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN