Business & Finance Indianapolis, IN Pop. 887,642

Financial Analyst Salary in Indianapolis, Indiana

The median financial analyst salary in Indianapolis, IN is $88,424 per year, which is 7% below the national median and 3.3% above the Indiana state average.

City Median
$88,424
vs State Avg
+$2,852
vs National
$-6,656
Cost of Living
93%

Financial Analyst Pay in Indianapolis: What to Expect (2026)

Indianapolis offers a median financial analyst salary of $88,424, which is $2,852 above the Indiana state average of $85,572. Compared to the national median of $95,080, Indianapolis pays below the national benchmark for this role.

Indianapolis's cost of living is 93% 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 financial analysts in Indianapolis spans from $53,196 at the 10th percentile to $154,938 at the 90th percentile — a $101,742 spread. Entry-level professionals start around $55,800, while senior financial analysts with 8+ years of experience can earn up to $137,640. As a major metro area with a population of 887,642, Indianapolis typically offers more job opportunities and employer competition, which can drive salaries higher.

Financial Analyst Salary in Indianapolis by Experience

In Indianapolis, an entry-level financial analyst earns around $55,800, while experienced professionals earn up to $137,640 per year. The local cost of living index is 93% of the national average.

Entry Level (0-2 yrs)
$55,800
$-4,200 vs national
Mid Level (3-7 yrs)
$89,280
$-6,720 vs national
Senior Level (8+ yrs)
$137,640
$-10,360 vs national

Salary Percentiles in Indianapolis, IN

Percentile Indianapolis
10th Percentile $53,196
25th Percentile $67,704
Median (50th) $88,424
75th Percentile $116,250
90th Percentile $154,938

Financial Analyst Salary in Other Indiana Cities

Carmel, IN
$99,834
Pop. 99,757
Fort Wayne, IN
$80,818
Pop. 263,886
Evansville, IN
$79,867
Pop. 117,429
South Bend, IN
$78,916
Pop. 103,453

How to Become a Financial Analyst in Indianapolis

Education

Most financial analyst positions require a bachelor's degree. Indianapolis and the surrounding Indiana area have institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Demand in Indianapolis may vary based on local industry and population growth.

Find Financial Analyst Jobs in Indianapolis

Browse open financial analyst positions in Indianapolis, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Analyst Salary in Indianapolis

How much does a Financial Analyst make in Indianapolis, IN? ▼
The median financial analyst salary in Indianapolis, Indiana is $88,424 per year, which is 7% below the national median of $95,080. Salaries range from $53,196 (10th percentile) to $154,938 (90th percentile).
How much does a Financial Analyst make per hour in Indianapolis? ▼
Based on the median annual salary of $88,424, a financial analyst in Indianapolis earns approximately $43 per hour assuming a standard 2,080-hour work year.
How does Indianapolis compare to the Indiana state average for financial analyst pay? ▼
Indianapolis's median financial analyst salary of $88,424 is 3.3% above the Indiana state average of $85,572. The local cost of living index is 93% of the national average.
What is the cost of living in Indianapolis, IN? ▼
Indianapolis has a cost of living index of 93% compared to the national average. This means a financial analyst salary of $88,424 in Indianapolis has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Indianapolis? ▼
Most financial analyst positions in Indianapolis require a bachelor's degree. Key skills include Financial Modeling, Excel, Bloomberg Terminal, Valuation. The job market is projected to grow 8% nationally over the next decade.