Pharmacist Salary in Indianapolis, IN
Pharmacists in the Indianapolis-Carmel-Greenwood, IN metro area earn a median $151,050 a year — 7% more than the national median. After 2026 taxes, that is $110,082 take-home, or $9,174 a month.
Take-home pay calculator
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- Federal income tax$24,986
- Social Security (6.2%)$9,365
- Medicare (1.45%)$2,190
- Indiana income tax$4,426
- Take-home pay$110,082
Marginal rate: 24% federal + 2.95% state
Pharmacist pay by experience in Indianapolis, IN
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $111,950 | $53.82 | $84,314 | $7,026 |
| 25th percentile | $135,120 | $64.96 | $99,664 | $8,305 |
| Median (50th) | $151,050 | $72.62 | $110,082 | $9,174 |
| 75th percentile | $161,440 | $77.62 | $116,877 | $9,740 |
| 90th percentile (top earners) | $170,110 | $81.78 | $122,547 | $10,212 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Indiana resident, 2026 tax rules.
What $151,050 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 pharmacist's $110,082 take-home pay has the buying power of $115,033 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Pharmacist jobs are about as common in Indianapolis, IN as in the U.S. overall (location quotient 0.97).
Best-paying cities for pharmacists, adjusted for cost of living
Indianapolis, IN ranks #14 of 120 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Rochester, MN | $164,250 | $113,470 | $124,938 |
| 2 | Sioux Falls, SD | $148,330 | $112,650 | $124,295 |
| 3 | McAllen, TX | $137,700 | $105,384 | $122,689 |
| 4 | San Antonio, TX | $150,500 | $114,133 | $120,500 |
| 5 | Shreveport, LA | $137,970 | $101,816 | $120,114 |
| 6 | San Jose, CA | $199,040 | $131,343 | $118,945 |
| 7 | Spartanburg, SC | $153,610 | $108,199 | $118,833 |
| 8 | Fargo, ND | $142,040 | $106,840 | $117,573 |
| 14 | Indianapolis, IN | $151,050 | $110,082 | $115,033 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 120 metros →
Frequently asked questions
How much does a pharmacist make in Indianapolis, IN?
The median pharmacist salary in the Indianapolis-Carmel-Greenwood, IN metro area is $151,050 a year, or about $72.62 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $135,120 and $161,440.
What is a pharmacist’s take-home pay in Indianapolis, IN?
On the median $151,050 salary, a single filer living in Indiana takes home about $110,082 a year ($9,174 a month) after federal tax, Social Security, Medicare and $4,426 in Indiana taxes in 2026.
Is Indianapolis, IN a good place to work as a pharmacist?
Pay here is 7% above the national median of $140,910. Local prices are 4.3% below the U.S. average, so the take-home pay buys what $115,033 would in a typical U.S. city. Indianapolis, IN ranks #14 of 120 metro areas for cost-of-living-adjusted pay in this job.
Can a pharmacist 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) — 14% of a median pharmacist’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Indianapolis, IN
- Anesthesiologist — $239,200+
- Physicians, All Other — $239,200+
- General Internal Medicine Physician — $239,200+
- Family Medicine Physician — $239,200+
- Emergency Medicine Physician — $239,200+
- Pediatricians, General — $170,020
- Dentists, General — $166,120
- Physician Assistant — $131,950
- Nurse Practitioner — $130,460
- Veterinarian — $127,850
- Physical Therapist — $103,770
- Occupational Therapist — $100,080