SOC 29-1071

Physician Assistant Salary in Indianapolis-Carmel-Greenwood, IN

Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Tax Tables: 2026 Fed + IN + Municipal
COL Index: 100.65 (+0.7% vs US)
Net Compensation Yield 67.7% Realized
$89,322 / net annual direct deposit
Gross Adjusted $131,950 $63.44/hr
Effective Tax Drag 26.31% Combined Jurisdictions
Marginal Top Bracket 24% Federal Statutory
Total Withheld -$34,711 $1,335.03/check
Category 1 of 6

Wage Benchmarking & After-Tax Paycheck Engine

Dynamic statutory tax calculations based on IRS Publication 15-T and state statutory schedules.

$
2,080 annual statutory base hours $63.44 / hour
0 hrs/wk (+$0/yr)
0 hrs (Standard) 10 hrs OT 20 hrs OT 25 hrs Max
6% (-$7,917/yr)
0% Tax Shield: ~$1,900/yr 15% (IRS limit: $24,500)
Itemized Statutory Withholdings Ledger
Federal Income Tax (IRS)
Progressive 10%–37%
-$18,502
Social Security (FICA OASDI)
Statutory 6.20% (Cap $184,500)
-$8,181
Medicare Hospital Insurance
Statutory 1.45%
-$1,913
Indiana Individual Income Tax
State Marginal Bracket
-$3,629
Marion County income tax
2.02%
-$2,485
Net Take-Home Annual Realized
$89,322 ($3,435.47 / check)
Category 2 of 6

Indianapolis-Carmel-Greenwood, IN Physician Assistant Wage Distribution

Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) Percentiles & Career Ladders

Your Salary: $131,950
MIDDLE 50% (IQR RANGE) 10th $106k 25th $125k Median: $131,950 50th (Median) $132k 75th $154k 90th $177k You: $131,950
10th (Entry) $105,970 $50.95/hr
25th (Junior) $125,360 $60.27/hr
50th (Median) $131,950 $63.44/hr
75th (Senior) $153,580 $73.84/hr
90th (Lead/Master) $177,240 $85.21/hr
Career Progression & Licensing Milestones for Physician Assistant in Indianapolis-Carmel-Greenwood, IN
1
Junior Physician AssistantARC-PA accredited Master's degree, NCCPA PANCE certification, state licensing
$101,963$49.02/hr · 0-2 Years
2
Staff Physician Assistant (Surgical/Inpatient)First-assist surgical certification, specialty clinical rotations, DEA registration
$122,365$58.83/hr · 2-5 Years
3
Senior Physician Assistant SpecialistAdvanced clinical autonomy, specialized procedural competence, supervision of PA fellows
$141,777$68.16/hr · 5-8 Years
4
Chief Physician Assistant / Clinical DirectorHospital clinical administration, credentialing oversight, departmental leadership
$163,141$78.43/hr · 8+ Years
Scaled to the Indianapolis-Carmel-Greenwood, IN medianView National Physician Assistant Salary Data
Category 3 of 6

HUD Fair Market Rent & EPI Living Wage Affordability Index

Evaluating housing affordability vs. net take-home pay in Indianapolis-Carmel-Greenwood, IN under the HUD 30% housing cost guideline.

Rent-to-Take-Home Ratio (HUD 30% Standard)
18% of Net Income
✓ Passes 30% Housing Affordability Standard
HUD Fair Market Rent (1-Bedroom) $1,336/month Requires minimum annual gross of $53,440
HUD Fair Market Rent (2-Bedroom) $1,536/month Requires minimum annual gross of $61,440
Hourly Living Wage Benchmark (EPI model)
1 Adult Earner: $22.26/hr
Per adult, 2 working adults + 1 child: $21.10/hr
Category 4 of 6

Hourly Wage to Annual & Overtime Matrix

Translating base hourly pay and 1.5× overtime into net take-home pay based on 2,080 annual work hours in Indianapolis-Carmel-Greenwood, IN.

Swipe horizontally to inspect full pay schedule
Schedule Total Hours/Wk Gross Annual Est. Taxes Net Take-Home Bi-Weekly Check
Standard (40 hrs)40 hrs$131,950-$34,711$89,322$3,435.47
+5h Overtime/Wk45 hrs$156,691-$43,341$103,948$3,998.01
+10h Overtime/Wk50 hrs$181,431-$51,971$118,575$4,560.56
+15h Overtime/Wk55 hrs$206,172-$59,313$134,489$5,172.65
+20h Overtime/Wk60 hrs$230,913-$66,631$150,426$5,785.63
Category 5 of 6

Interstate MSA Relocation & State Tax Migration Comparator

Calculate required compensation, cost-of-living differences, and annual state/local tax savings between two metropolitan areas.

Equivalent Salary in Austin, TX $83,505 Cost of Living Ratio: 69.6%
Annual State & Local Tax Delta +$8,331/yr Tax savings in Austin-Round Rock-San Marcos, TX
Annual Rent Difference (1BR) -$17,676/yr Based on HUD Fair Market Rents
Net Discretionary Cash Flow Impact

Combining state tax savings and annual rent variance when relocating from San Francisco-Oakland-Fremont, CA to Austin-Round Rock-San Marcos, TX.

+$26,007/year
Category 6 of 6 · Executive Economic Briefing
2026 Fiscal Intelligence

Physician Assistant in Indianapolis-Carmel-Greenwood, IN: Compensation & Purchasing Power Briefing (2026)

Estimates compiled from BLS OEWS wages, IRS 2026 withholding rules, HUD Fair Market Rents, and Indiana tax codes.

Market Baseline
$131,950/yr
$63.44/hr · SOC 29-1071
Statutory Tax Drag
26.31% Effective
-$34,711 in Total Taxes
HUD 1BR Shelter Ratio
18% Net Pay
✓ Passes 30% HUD Rule
Monthly Discretionary
+$6,108/mo
Post-$1,336/mo 1BR Rent

Key Economic & Compensation Takeaways

Statutory Withholding Architecture

Frequently Asked Questions

Verified Government Data Sources & Statutory Attribution

Wages sourced from US Bureau of Labor Statistics (BLS OEWS). Rents calibrated to HUD Fair Market Rents. Tax schedules calibrated to IRS IRC Title 26, IRS Pub 15-T, and state statutory revenue codes.

BLS OEWS May 2025 HUD FY2027 FMR IRS 15-T
Metro Pay Comparison SOC 29-1071
2026 Statutory Thresholds
  • Federal Standard Deduction (Single) $16,100
  • FICA OASDI Wage Base Cap $184,500
  • Pre-Tax 401(k) Elective Deferral $24,500
  • HSA Individual Annual Limit $4,400

Physician Assistant in Indianapolis-Carmel-Greenwood, IN: Market Snapshot

Physician Assistant roles in Indianapolis-Carmel-Greenwood, IN report a median annual wage of $131,950, 2.9% below the national median of $135,880. The 10th to 90th percentile band runs from $105,970 to $177,240, and HUD’s $1,336 monthly one-bedroom fair market rent equals 12.2% of that median gross pay. The single-adult living wage benchmark for the area is $22.26 per hour.

Highest-paying metropolitan areas for Physician Assistant

Metropolitan areaMedian annual wageVs this market
San Jose-Sunnyvale-Santa Clara, CA$223,640+69.5%
Bakersfield-Delano, CA$198,070+50.1%
San Francisco-Oakland-Fremont, CA$184,380+39.7%
Yuba City, CA$183,460+39.0%
Vallejo, CA$179,520+36.1%
Santa Rosa-Petaluma, CA$172,750+30.9%
Napa, CA$172,170+30.5%
Salinas, CA$170,180+29.0%
Urban Honolulu, HI$170,060+28.9%
Wenatchee-East Wenatchee, WA$168,080+27.4%

Top-paying occupations benchmarked in Indianapolis-Carmel-Greenwood, IN

OccupationMedian annual wageMedian hourly
Chief Executives$256,320$123.23/hr
Architectural and Engineering Managers$159,640$76.75/hr
Computer and Information Systems Managers$155,230$74.63/hr
Financial Manager$146,620$70.49/hr
Marketing Managers$137,980$66.34/hr
Sales Managers$137,410$66.06/hr
Data Engineer$136,990$65.86/hr
Human Resources Managers$135,770$65.27/hr
Purchasing Managers$135,240$65.02/hr
Nurse Practitioner$130,460$62.72/hr

Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 348 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .

Regional Labor Market & Career Mobility Network

Explore adjacent occupations and neighboring metropolitan wage benchmarks for peer compensation analysis.

Physician Assistant Salary in Indianapolis-Carmel-Greenwood, IN Overview

Physician Assistant median pay in Indianapolis-Carmel-Greenwood, IN is $131,950 a year ($63.44/hr). See take-home pay after 2026 taxes, BLS wage percentiles. Official 2026 economic data for Physician Assistant in Indianapolis-Carmel-Greenwood, IN compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.

Quick answers
What is the median salary for a Physician Assistant in Indianapolis-Carmel-Greenwood, IN?

The median annual wage is $131,950 ($63.44 per hour). The middle 80% of earners make between $105,970 and $177,240. Source: BLS OEWS (May 2025).

What is the take-home pay for a Physician Assistant in Indianapolis-Carmel-Greenwood, IN after taxes?

On the median wage of $131,950, a single filer with no pre-tax deductions takes home about $94,946 a year ($7,912 a month) after $37,004 in federal, FICA, state and local taxes, an effective rate of 28.04%, using 2026 tax rules.