Physician Salary in Indianapolis
2026 compensation data for Physician positions in Indianapolis, IN. Ranges from $166,000 (entry-level) to $414,000 (senior). Median: $253,000.
Median (Mid)
$253,000
$121.63/hr
vs National
+2%
US: $248,000
COL Index
95
vs US avg = 100
Senior Max
$414,000
Top of band
Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $166,000 | $193,000 | $225,000 | $92.79/hr |
| Mid-Level (3–5 yrs) | $212,000 | $253,000 | $304,000 | $121.63/hr |
| Senior (6+ yrs) | $267,000 | $331,000 | $414,000 | $159.13/hr |
What Your Salary Is Really Worth in Indianapolis
A mid-level physician earning $253,000 in Indianapolis has the same buying power as $266,000 in an average US city, after adjusting for the local cost of living (COL index 95).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Physician Salaries in Indianapolis
The median physician salary in Indianapolis, IN is $253,000 for mid-level professionals, which is 2% above the national median. With a cost of living index of 95 (national average = 100), Indianapolis offers an affordable cost of living, making these salaries stretch further.
Entry-level physicians in Indianapolis can expect to earn between $166,000 and $225,000 (about $92.79/hour), while senior professionals with 6+ years of experience earn up to $414,000 ($414K annually, or about $199.04/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Indianapolis.
Frequently Asked Questions: Physician Salary in Indianapolis
What is the average Physician salary in Indianapolis?+
The average Physician salary in Indianapolis is $253,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $193,000 and senior-level pay reaches $331,000.
How much does an entry-level physician make in Indianapolis?+
Entry-level physicians in Indianapolis earn between $166,000 and $225,000, with a median of $193,000 per year (about $92.79/hour).
What is the hourly rate for a Physician in Indianapolis?+
Based on a 2,080-hour work year, a Physician in Indianapolis earns roughly $92.79/hour at entry-level, $121.63/hour at mid-level, and $159.13/hour at senior-level.
Is the Physician salary in Indianapolis higher than the US average?+
Yes — Physician salaries in Indianapolis are about 2% higher than the US national median of $248,000.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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