The annual salary statistics of tax preparers in Indianapolis-Carmel, Indiana is shown in Table 1. The wage information of tax preparers 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 | $31,270 |
| 25th Percentile Wage | $36,610 |
| 50th Percentile Wage | $55,700 |
| 75th Percentile Wage | $79,910 |
| 90th Percentile Wage | $79,910 |
Table 1 shows the average annual salary for tax preparers 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 $79,910. The median (50th percentile) annual salary is $55,700. The average annual salary for the bottom 10 percent earners is $31,270.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $55,700 | 11.49% | 38.28% |
| 2021 | $49,300 | 33.98% | - |
| 2020 | $32,550 | -7.47% | - |
| 2019 | $34,980 | 9.06% | - |
| 2018 | $31,810 | 4.06% | - |
| 2017 | $30,520 | 4.00% | - |
| 2016 | $29,300 | -2.08% | - |
| 2015 | $29,910 | -6.49% | - |
| 2014 | $31,850 | -5.21% | - |
| 2013 | $33,510 | -2.60% | - |
| 2012 | $34,380 | - | - |
From Table 3 we note that with a median annual salary of $55,700, Indianapolis-Carmel is the highest paying city for tax preparers in state of Indiana, followed by Lafayette (median annual salary $48,200). In comparison, the median annual salary of tax preparers in Indianapolis-Carmel is 13.5 percent (13.5%) higher than that in Lafayette.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Lafayette | |
| Fort Wayne | |
| Michigan City-La Porte | |
| Bloomington | |
| Central Indiana nonmetropolitan area | |
| Terre Haute | |
| Southern Indiana nonmetropolitan area | |
| Northern Indiana nonmetropolitan area | |
| Gary | |
| Elkhart-Goshen | |
| Lafayette-West Lafayette | |
| Kokomo |