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Physicists Salary in Indiana: Cost of Living Adjusted (2024)

What does a Physicists 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
$110,410
Median annual (2024)
+8.9%
Real Purchasing Power
$120,272
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 Physicists earning $110,410 in Indiana has the equivalent purchasing power of $120,272 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) $51,870 $56,503 +$4,633
25th Percentile (P25) $82,050 $89,379 +$7,329
Median (P50) $110,410 $120,272 +$9,862
75th Percentile (P75) $159,800 $174,074 +$14,274
90th Percentile (P90) $224,410 $244,455 +$20,045
Key Insight

A Physicists in Indiana earns $110,410 on paper, but low living costs mean your money goes 9% further — like earning $120,272 in an average-cost state. This makes Indiana one of the best value states for this occupation.

Best States for Physicists (After Cost of Living)

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

$227,789
RPP 97.7
$216,704
RPP 96.2
3. Florida
$204,720
RPP 102.1
$198,079
RPP 91.1
$193,362
RPP 91.0
6. Arizona
$191,151
RPP 99.9
$189,172
RPP 91.8
$188,657
RPP 89.4
$188,526
RPP 92.3
$181,199
RPP 94.2

Indiana ranks #33 out of 39 states for Physicists after cost-of-living adjustment.

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Frequently Asked Questions

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

A Physicists in Indiana earns a median salary of $110,410 per year. After adjusting for Indiana's cost of living (RPP=91.8), the real purchasing power is $120,272 — 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 Physicists in Indiana: $110,410 x (100 / 91.8) = $120,272. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Physicists in Indiana financially?

From a purchasing power perspective, yes. A Physicists 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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