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
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 #31 of 104 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | McAllen, TX | $103,980 | $81,980 | $95,442 |
| 2 | Las Vegas, NV | $116,480 | $90,774 | $90,579 |
| 3 | El Paso, TX | $102,190 | $80,721 | $89,777 |
| 4 | San Antonio, TX | $106,010 | $83,408 | $88,061 |
| 5 | Toledo, OH | $104,750 | $80,423 | $87,938 |
| 6 | Jackson, MS | $103,000 | $77,903 | $87,484 |
| 7 | San Jose, CA | $139,000 | $95,768 | $86,728 |
| 8 | Memphis, TN | $100,000 | $79,180 | $85,898 |
| 31 | Indianapolis, IN | $103,770 | $78,800 | $82,345 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 104 metros →
Physical Therapist salaries elsewhere in Indiana
- Fort Wayne, IN — $98,450
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 #31 of 104 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
- 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
- Pharmacist — $151,050
- Physician Assistant — $131,950
- Nurse Practitioner — $130,460
- Veterinarian — $127,850
- Occupational Therapist — $100,080