The annual salary statistics of carpenters in Indianapolis-Carmel, Indiana is shown in Table 1. The wage statistics of carpenters in Indianapolis-Carmel is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $37,680 |
| 25th Percentile Wage | $45,250 |
| 50th Percentile Wage | $54,770 |
| 75th Percentile Wage | $64,520 |
| 90th Percentile Wage | $73,680 |
Table 1 shows the average annual salary for carpenters in Indianapolis-Carmel, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $73,680. The median (50th percentile) annual salary is $54,770. The average annual salary for the bottom 10 percent earners is $37,680.
The table and chart below show the trend of the median salary of carpenters from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $54,770 | 11.25% | 18.66% |
| 2021 | $48,610 | -2.06% | - |
| 2020 | $49,610 | 0.48% | - |
| 2019 | $49,370 | 1.20% | - |
| 2018 | $48,780 | 8.10% | - |
| 2017 | $44,830 | 4.06% | - |
| 2016 | $43,010 | 2.00% | - |
| 2015 | $42,150 | -0.95% | - |
| 2014 | $42,550 | 5.59% | - |
| 2013 | $40,170 | -10.90% | - |
| 2012 | $44,550 | - | - |
From Table 3 we note that the median annual salary of $54,770 in Indianapolis-Carmel is in the middle of salary range for carpenters in state of Indiana. In comparison, the annual salary of carpenters in Indianapolis-Carmel is 10.0 percent (10.0%) lower than that in the highest paying Michigan City-La Porte and 35.2 percent (35.2%) higher than that in the lowest paying Anderson.
| Cities/Areas | Median Annual Salary |
|---|---|
| Michigan City-La Porte | |
| Elkhart-Goshen | |
| Indianapolis-Carmel | |
| Columbus | |
| Bloomington | |
| Fort Wayne | |
| Muncie | |
| Gary | |
| Lafayette-West Lafayette | |
| Terre Haute | |
| Kokomo | |
| Southern Indiana nonmetropolitan area | |
| Central Indiana nonmetropolitan area | |
| Lafayette | |
| Northern Indiana nonmetropolitan area | |
| Anderson |