Business & Finance Indiana (IN) Rank #35 of 50

Financial Controller Salary in Indiana

The median financial controller salary in Indiana is $112,500 per year, which is 10% below the national median of $125,000.

Median Salary
$112,500
vs National
$-12,500
State Rank
#35 of 50
Cost of Living
90%

Financial Controller Salary Overview in Indiana (2026)

Indiana ranks #35 out of 50 states for financial controller compensation. Financial Controller salaries in Indiana are below the national median, though the lower cost of living can offset the difference. At $112,500 per year, financial controllers in Indiana earn $12,500 less than the national median of $125,000.

A key advantage of working in Indiana is its below-average cost of living (90% of the national index). This means the $112,500 salary has the purchasing power of roughly $125,000 in an average-cost area.

The salary spread in Indiana is significant: financial controllers at the 10th percentile earn $70,200, while those at the 90th percentile bring home $178,200 — a $108,000 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Indiana for this role is Carmel, where the median reaches $131,250.

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for financial controllers across the country.

Financial Controller Salary in Indiana by Experience

In Indiana, an entry-level financial controller earns around $73,800, while experienced professionals earn up to $171,000 per year. The cost of living index in Indiana is 90% of the national average.

Entry Level (0-2 yrs)
$73,800
$-8,200 vs national
Mid Level (3-7 yrs)
$115,200
$-12,800 vs national
Senior Level (8+ yrs)
$171,000
$-19,000 vs national

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Salary Percentiles in Indiana

Percentile IN Salary
10th Percentile $70,200
25th Percentile $88,200
Median (50th) $112,500
75th Percentile $145,800
90th Percentile $178,200

Financial Controller Salary by City in Indiana

The largest employment areas for financial controllers in Indiana include Indianapolis, Fort Wayne, Evansville, and South Bend. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Controller in Indiana

Education

Most financial controller positions require a bachelor's degree. Indiana has several accredited institutions offering relevant programs.

Key Skills

Financial ReportingGAAPERP SystemsBudgetingTeam LeadershipTax Compliance

Job Outlook in Indiana

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). Indiana's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Controller Salary in Indiana

How much does a Financial Controller make in Indiana? ▼
The median financial controller salary in Indiana is $112,500 per year, which is 10% below the national median of $125,000. Salaries range from $70,200 (10th percentile) to $178,200 (90th percentile).
How much does a Financial Controller make per hour in Indiana? ▼
Based on the median annual salary of $112,500, a financial controller in Indiana earns approximately $54 per hour assuming a standard 2,080-hour work year.
Is Indiana a good state for financial controllers? ▼
Indiana ranks #35 out of 50 states for financial controller pay. The cost of living index is 90% of the national average. Entry-level financial controllers earn $73,800, while senior professionals earn $171,000.
How does Indiana compare to other states for financial controller salary? ▼
The highest paying state for financial controllers is Hawaii at $212,500. Indiana's median of $112,500 ranks #35 nationally. Nearby-ranked states include Wyoming ($115,000) and Louisiana ($113,750).
What is the entry-level financial controller salary in Indiana? ▼
An entry-level financial controller in Indiana earns approximately $73,800 per year. With 3-7 years of experience, pay increases to around $115,200. Senior-level professionals with 8+ years earn up to $171,000.
What city in Indiana pays financial controllers the most? ▼
Carmel is the highest paying city in Indiana for financial controllers, with a median salary of $131,250. Other cities include Indianapolis and Fort Wayne.