Physician · Salary Comparison · 2026
Physician Salary: Indianapolis, IN vs New York, NY
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Physicians in Indianapolis, IN and New York, NY, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ New York, NY
$210,000 vs $250,000
Better Purchasing Power
✓ Indianapolis, IN
$233,333 vs $133,690
Best Take-Home (COL-Adj)
✓ Indianapolis, IN
$208,809 vs $115,068
2
Detailed Comparison
| Metric | Indianapolis, IN | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $210,000 | $250,000▲ | -$40,000 |
| 25th Percentile | $158,000 | $188,000▲ | -$30,000 |
| 75th Percentile | $275,000 | $328,000▲ | -$53,000 |
| 90th Percentile | $342,000 | $408,000▲ | -$66,000 |
| Cost of Living Index | 90 | 187 | -97 |
| State Income Tax | 3.15%▲ | 6.85% | -3.6999999999999997% |
| COL-Adjusted Median | $233,333▲ | $133,690 | +$99,643 |
| Est. Annual Take-Home | $187,928 | $215,177▲ | -$27,249 |
| COL-Adj. Take-Home | $208,809▲ | $115,068 | +$93,741 |
| Total Employment | 8,000 | 22,000 | -14,000 |
▲ = Higher value wins for this metric. Diff = Indianapolis, IN minus New York, NY.
3Summary Analysis
On paper, New York, NY pays $40,000 more (median: $210,000 vs $250,000). However, after adjusting for cost of living (index 90 vs 187), Indianapolis, IN provides better purchasing power ($233,333 vs $133,690 equivalent). Indianapolis, IN has the lower state tax rate (3.15% vs 6.85%).
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Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.