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Physical Therapist Salary in Indiana: Cost of Living Adjusted (2024)

What does a Physical Therapist salary really buy you in Indiana?

Indiana is 8.2% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$99,310
Median annual (2024)
+8.9%
Real Purchasing Power
$108,180
COL-adjusted (RPP=91.8)

Indiana Cost of Living Index

Indiana's Regional Price Parity (RPP) is 91.8, meaning prices are 8.2% lower the national average. A Physical Therapist earning $99,310 in Indiana has the equivalent purchasing power of $108,180 in an average-cost US state.

IN: 91.8
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Indiana's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $69,990 $76,241 +$6,251
25th Percentile (P25) $80,270 $87,440 +$7,170
Median (P50) $99,310 $108,180 +$8,870
75th Percentile (P75) $107,790 $117,418 +$9,628
90th Percentile (P90) $125,090 $136,263 +$11,173
Key Insight

A Physical Therapist in Indiana earns $99,310 on paper, but low living costs mean your money goes 9% further — like earning $108,180 in an average-cost state. This makes Indiana one of the best value states for this occupation.

Best States for Physical Therapist (After Cost of Living)

Where does Physical Therapist salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$113,464
RPP 89.2
$111,824
RPP 86.6
$111,734
RPP 88.8
$111,202
RPP 87.3
$111,131
RPP 91.0
$110,982
RPP 90.6
7. Alabama
$110,523
RPP 87.8
8. Wyoming
$110,043
RPP 91.9
9. Kansas
$109,822
RPP 90.0
10. Tennessee
$109,651
RPP 91.8

Indiana ranks #17 out of 50 states for Physical Therapist after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Physical Therapist in Indiana after cost of living?

A Physical Therapist in Indiana earns a median salary of $99,310 per year. After adjusting for Indiana's cost of living (RPP=91.8), the real purchasing power is $108,180 — a +8.9% difference.

Is Indiana expensive to live in?

Indiana's cost of living is 8.2% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Indiana is 91.8 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Physical Therapist in Indiana: $99,310 x (100 / 91.8) = $108,180. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Physical Therapist in Indiana financially?

From a purchasing power perspective, yes. A Physical Therapist in Indiana enjoys 8.9% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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