Physical Therapist Salary in Indianapolis, IN
Physical Therapists in the Indianapolis-Carmel-Greenwood, IN metro area earn a median $103,770 a year — 1% more than the national median. After 2026 taxes, that is $78,800 take-home, or $6,567 a month.
Take-home pay calculator
Pre-filled with the median physical therapist salary in Indianapolis, IN. Enter your own offer to see your paycheck.
- Federal income tax$13,999
- Social Security (6.2%)$6,434
- Medicare (1.45%)$1,505
- Indiana income tax$3,032
- Take-home pay$78,800
Marginal rate: 22% federal + 2.95% state
Living in Indianapolis (Marion County)? City residents also pay Indianapolis (Marion County)’s County income tax — about $2,076 a year on this salary — which lowers take-home pay to $76,725 ($6,394 a month). Choose “Indianapolis (Marion County)” under City income tax in the calculator. Suburban residents usually don’t pay it.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Physical Therapist pay by experience in Indianapolis, IN
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $77,790 | $37.40 | $61,290 | $5,107 |
| 25th percentile | $82,920 | $39.87 | $64,748 | $5,396 |
| Median (50th) | $103,770 | $49.89 | $78,800 | $6,567 |
| 75th percentile | $116,540 | $56.03 | $87,407 | $7,284 |
| 90th percentile (top earners) | $124,760 | $59.98 | $92,889 | $7,741 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Indiana resident, 2026 tax rules.
What $103,770 buys in Indianapolis, IN
Prices in Indianapolis, IN are 4.3% lower than the U.S. average (housing costs are 11% below the national average). Adjusted for local prices, a median physical therapist's $78,800 take-home pay has the buying power of $82,345 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Indianapolis, IN has 1.5× the national concentration of physical therapist jobs — a strong local market for this occupation.
Best-paying cities for physical therapists, adjusted for cost of living
Indianapolis, IN ranks #4 of 21 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Houston, TX | $107,700 | $84,597 | $85,773 |
| 2 | San Francisco, CA | $141,980 | $97,489 | $84,324 |
| 3 | Austin, TX | $103,630 | $81,734 | $83,346 |
| 4 | Indianapolis, IN | $103,770 | $78,800 | $82,345 |
| 5 | Dallas, TX | $107,780 | $84,653 | $82,116 |
| 6 | Tampa, FL | $102,430 | $80,890 | $80,176 |
| 7 | St. Louis, MO | $100,600 | $75,811 | $79,727 |
| 8 | Philadelphia, PA | $105,790 | $80,006 | $78,013 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 21 metros →
About the job: physical therapists
Assess, plan, organize, and participate in rehabilitative programs that improve mobility, relieve pain, increase strength, and improve or correct disabling conditions resulting from disease or injury.
- Typical education
- Doctoral or professional degree
- Work experience
- None required
- On-the-job training
- None
- Job outlook, 2025–35
- +11.9% (much faster than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a physical therapist make in Indianapolis, IN?
The median physical therapist salary in the Indianapolis-Carmel-Greenwood, IN metro area is $103,770 a year, or about $49.89 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $82,920 and $116,540.
What is a physical therapist’s take-home pay in Indianapolis, IN?
On the median $103,770 salary, a single filer living in Indiana takes home about $78,800 a year ($6,567 a month) after federal tax, Social Security, Medicare and $3,032 in Indiana taxes in 2026.
Is Indianapolis, IN a good place to work as a physical therapist?
Pay here is 1% above the national median of $102,760. Local prices are 4.3% below the U.S. average, so the take-home pay buys what $82,345 would in a typical U.S. city. Indianapolis, IN ranks #4 of 21 metro areas for cost-of-living-adjusted pay in this job.
Can a physical therapist afford rent in Indianapolis, IN?
HUD’s fair market rent for a one-bedroom in Indianapolis, IN is $1,242 a month ($1,454 for two bedrooms) — 19% of a median physical therapist’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Indianapolis, IN
- Physicians, All Other — $239,200+
- Nurse Practitioner — $130,460
- Registered Nurse — $84,230
- Licensed Practical and Licensed Vocational Nurse — $67,200
- Clinical Laboratory Technologist and Technician — $58,910
- Pharmacy Technician — $45,540
- Psychiatric Technician — $44,710