Software Engineer Salary in Indianapolis-Carmel-Greenwood, IN (2026)
Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology
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Indianapolis-Carmel-Greenwood, IN Software Engineer Wage Distribution
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HUD Fair Market Rent & EPI Living Wage Affordability Index
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Software Engineer in Indianapolis-Carmel-Greenwood, IN: Compensation & Purchasing Power Briefing (2026)
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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.
- 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
Software Engineer in Indianapolis-Carmel-Greenwood, IN: Market Snapshot
Software Engineer roles in Indianapolis-Carmel-Greenwood, IN report a median annual wage of $106,870, 21.4% below the national median of $135,980. The 10th to 90th percentile band runs from $76,990 to $158,970, and HUD’s $1,336 monthly one-bedroom fair market rent equals 15.0% of that median gross pay. The single-adult living wage benchmark for the area is $22.26 per hour.
Highest-paying metropolitan areas for Software Engineer
| Metropolitan area | Median annual wage | Vs this market |
|---|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $213,110 | +99.4% |
| San Francisco-Oakland-Fremont, CA | $186,640 | +74.6% |
| Seattle-Tacoma-Bellevue, WA | $167,280 | +56.5% |
| New York-Newark-Jersey City, NY-NJ | $166,830 | +56.1% |
| Boston-Cambridge-Newton, MA-NH | $166,090 | +55.4% |
| Boulder, CO | $164,560 | +54.0% |
| San Diego-Chula Vista-Carlsbad, CA | $163,270 | +52.8% |
| Bridgeport-Stamford-Danbury, CT | $162,650 | +52.2% |
| Manchester-Nashua, NH | $162,090 | +51.7% |
| Los Angeles-Long Beach-Anaheim, CA | $160,920 | +50.6% |
Top-paying occupations benchmarked in Indianapolis-Carmel-Greenwood, IN
| Occupation | Median annual wage | Median 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 |
| Physician Assistant | $131,950 | $63.44/hr |
Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 377 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .
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Related Technology Roles in Indianapolis-Carmel-Greenwood, IN
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Other Metros for Software Engineer
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Software Engineer median pay in Indianapolis-Carmel-Greenwood, IN is $106,870 a year ($51.38/hr). See take-home pay after 2026 taxes, BLS wage percentiles, HUD. Official 2026 economic data for Software Engineer in Indianapolis-Carmel-Greenwood, IN compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.
Quick answers
The median annual wage is $106,870 ($51.38 per hour). The middle 80% of earners make between $76,990 and $158,970. Source: BLS OEWS (May 2025).
On the median wage of $106,870, a single filer with no pre-tax deductions takes home about $78,751 a year ($6,563 a month) after $28,119 in federal, FICA, state and local taxes, an effective rate of 26.31%, using 2026 tax rules.