Benchmark Salary Information
Rankings for Indianapolis-Carmel-Anderson
Compared to Indiana
Indianapolis-Carmel-Anderson Psychology Teachers earn an average of $84,570 or $40.66 per hour which is 8% less than the Indiana average salary of $92,690.
| Average | Indianapolis-Carmel-Anderson | Indiana | % Difference |
|---|---|---|---|
| Hourly Wage | $40.66 | $44.56 | -8.76% |
| Annual Salary | $84,570 | $92,690 | -8.76% |
Compared to the U.S.
Indianapolis-Carmel-Anderson Psychology Teachers earn an average of $84,570 or $40.66 per hour which is 4% less than the U.S. average salary of $88,390.
| Average | Indianapolis-Carmel-Anderson | U.S. | % |
|---|---|---|---|
| Hourly Wage | $40.66 | $42.50 | -4.32% |
| Annual Salary | $84,570 | $88,390 | -4.32% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, Psychology Teachers in Indianapolis-Carmel-Anderson earns an average annual salary of $89,294 which compares to the Indiana average annual salary of $92,690. per year.
Cost-of-living in Indianapolis-Carmel-Anderson is 5% less than the Indiana average, which means Indianapolis-Carmel-Anderson residents have an overall less cost for food, housing, utilities and transportation compared to Indiana average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Indianapolis-Carmel-Anderson | $84,570 | 94.71% | $89,294 |
| Indiana | $92,690 | 92.50% | $100,205 |
| U.S. | $88,390 | – | $88,390 |
Salary Ranges for Education and Experience
In Indianapolis-Carmel-Anderson, 50% of Psychology Teachers earn between $47,730 and $101,640 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of Psychology Teachers earn more than $129,710, which is a rate for highly skilled, experienced and educated Psychology Teachers.
Approximately 10% of Psychology Teachers earn under $47,090, a rate generally reserved for less experienced or entry level Psychology Teachers.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 13 | Under $47,090 |
| 15% | 2 – 4 years | 20 | $47,090 – $47,730 |
| 25% | 5 – 9 years | 32 | $47,730 – $61,550 |
| 25% | 10 – 14 years | 32 | $61,550 – $101,640 |
| 15% | 15 – 20 years | 20 | $61,550 – $129,710 |
| 10% | 20+ years | 13 | Above $129,710 |
Salary Compared to Related Professions
With an average annual salary of $84,570, Indianapolis-Carmel-Anderson Psychology Teachers tend to earn less than Forensic Psychologists ($86,650).
However, Psychology Teachers tend to earn more than Social Workers ($48,730), Substance Abuse Counselors ($49,330), Marriage and Family Therapists ($57,470), Health Care Social Workers ($58,870), School Psychologists ($69,810), and Clinical and Counseling Psychologists ($73,650).
| Title | Annual Salary |
|---|---|
| Forensic Psychologists | $86,650 |
| Psychology Teachers | $84,570 |
| Clinical and Counseling Psychologists | $73,650 |
| School Psychologists | $69,810 |
| Health Care Social Workers | $58,870 |
| Marriage and Family Therapists | $57,470 |
| Substance Abuse Counselors | $49,330 |
| Social Workers | $48,730 |
FAQ for Indianapolis-Carmel-Anderson Psychology Teachers
Additional Salary Reports for Psychology Teachers in Indiana cities and Metros and U.S. States.
Official Data Sources for Psychology Teachers: Salary Data | Projected Employment | Cost of Living Data