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This question is about Indianapolis, IN.
What is a good salary in Indianapolis, IN?
A good salary in Indianapolis, IN is anything over $42,000. That's because the median income in Indianapolis is $42,000, which means if you earn more than that you're earning more than 50% of the people living in Indianapolis. The average salary in Indianapolis is $49,628.
A good hourly wage in Indianapolis is $20.19 per hour. That works out to a good weekly wage of $807 per week and a good monthly wage of $3,500 per month. However, using the median income is only one way to calculate a good salary in Indianapolis.
Another way to calculate a good salary in Indianapolis is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $137,000, a good salary in Indianapolis would be $27,400.
Lastly, we can determine a good salary in Indianapolis by looking at the cost of living and comparing it to the US average salary. The cost of living in Indianapolis is 12% lower than than the national average. The national average salary is $56,310, so a good salary in Indianapolis is anything over $49,552 by this measure.
Average Annual Salary in Indianapolis, IN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $42,000 | $3,500 | $807 | $20.19 |
| 75th | $61,000 | $5,083 | $1,173 | $29.33 |
| 90th | $85,000 | $7,083 | $1,634 | $40.87 |
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