Economist Salary in Carmel, Indiana
The median economist salary in Carmel, IN is $119,637 per year, which is 5.0% above the national median and 16.7% above the Indiana state average.
Economist Pay in Carmel: What to Expect (2026)
Carmel offers a median economist salary of $119,637, which is $17,091 above the Indiana state average of $102,546. Compared to the national median of $113,940, Carmel pays above average for this role.
Carmel's cost of living is 105% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for economists in Carmel spans from $65,100 at the 10th percentile to $207,900 at the 90th percentile — a $142,800 spread. Entry-level professionals start around $68,250, while senior economists with 8+ years of experience can earn up to $194,250. Carmel is a smaller market (pop. 99,757), which may mean fewer openings but also less competition for available positions.
Economist Salary in Carmel by Experience
In Carmel, an entry-level economist earns around $68,250, while experienced professionals earn up to $194,250 per year. The local cost of living index is 105% of the national average.
Salary Percentiles in Carmel, IN
| Percentile | Carmel |
|---|---|
| 10th Percentile | $65,100 |
| 25th Percentile | $86,100 |
| Median (50th) | $119,637 |
| 75th Percentile | $162,750 |
| 90th Percentile | $207,900 |
Economist Salary in Other Indiana Cities
How to Become a Economist in Carmel
Education
Most economist positions require a master's degree. Carmel and the surrounding Indiana area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Demand in Carmel may vary based on local industry and population growth.
Find Economist Jobs in Carmel
Browse open economist positions in Carmel, IN: