Physician Salary in Indianapolis, IN
Physicians in Indianapolis, IN earn a median of $210,000/year, ranging from $158,000 (25th percentile) to $342,000 (90th percentile). After Indiana state taxes (3.15%) and cost-of-living adjustments (COL index 90), this is equivalent to $233,333 in purchasing power vs the US average.
1Salary Distribution in Indianapolis, IN
2Estimated Take-Home & Purchasing Power
* Estimates only. Does not include federal income tax, 401k, health insurance, or local taxes. Use the Salary Calculator for a detailed breakdown.
How Does Indianapolis, IN Compare?
| City | Median | COL Index | COL-Adjusted |
|---|---|---|---|
| Indianapolis, IN (current) | $210,000 | 90 | $233,333 |
| San Francisco, CA | $260,000 | 186 | $139,785 |
| New York, NY | $250,000 | 187 | $133,690 |
| Seattle, WA | $248,000 | 162 | $153,086 |
| Boston, MA | $252,000 | 162 | $155,556 |
| Austin, TX | $225,000 | 124 | $181,452 |
4Frequently Asked Questions
What is the average Physician salary in Indianapolis, IN?
The median Physician salary in Indianapolis, IN is $210,000 per year as of 2026 BLS OEWS data. The 25th percentile is $158,000 and the 90th percentile is $342,000.
Is Indianapolis, IN a good place to work as a Physician?
Indianapolis, IN has a cost of living index of 90 (US average = 100). After adjusting for cost of living, a $210,000 Physician salary in Indianapolis, IN is equivalent to $233,333 in purchasing power compared to the US average.
What is the cost of living adjustment for Indianapolis, IN?
Indianapolis, IN has a cost of living index of 90, meaning it is 10% less expensive than the US average. The state income tax rate in Indiana is approximately 3.15%.
What is the Physician salary range in Indianapolis, IN?
In Indianapolis, IN, Physicians earn between $158,000 (25th percentile) and $342,000 (90th percentile), with a median of $210,000 per year.
How many Physician jobs are there in Indianapolis, IN?
According to BLS OEWS data, there are approximately 8,000 Physician positions in the Indianapolis, IN metropolitan area.
What do Physicians earn in Indianapolis, IN?
Based on BLS OEWS 2026 data, Physicians in Indianapolis, IN earn a median annual wage of $210,000. The middle 50% earn between $158,000 and $275,000. The top 10% earn more than $342,000. There are approximately 8,000 Physicians employed in the Indianapolis, IN metro area, with annual job growth estimated at 1.8%.
Is Indianapolis, IN a good place for a Physician?
Indianapolis, IN has a cost of living index of 90 (US average = 100), making it 10% less expensive than the national average. After adjusting for cost of living, a Physician in Indianapolis, IN earning $210,000has the equivalent purchasing power of $233,333 relative to the US median. Indiana has a state income tax rate of approximately 3.15%.
What is the cost of living adjustment for Indianapolis, IN?
Indianapolis, IN's cost of living index is 90, based on composite data including housing, food, transportation, healthcare, and utilities. This means that $210,000 in Indianapolis, INhas the same purchasing power as $233,333 in a city at exactly the US average cost of living. Housing is typically the largest driver of cost of living differences between metros.
Compare Indianapolis, IN with Another City
See a detailed side-by-side comparison of salary, taxes, and purchasing power.
Data source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) Program. All figures are approximate annual estimates based on the most recent available BLS data. Actual salaries may vary based on experience, education, employer size, and specific role. Cost-of-living data represents composite indices from publicly available metropolitan area data.