Product Manager Salary in Indianapolis, Indiana
Indianapolis is Indiana's largest city. Major employers in healthcare, insurance, and software are present in the area. Cost of living varies across the region.
Salary by experience level
Entry-level (0-2 years)
Salary range (per year)
$65,000 to $82,000
Average (per year)
$74,000
Entry-level hires join healthcare systems, logistics startups, or software companies.
Mid-level (3-5 years)
Salary range (per year)
$82,000 to $107,000
Average (per year)
$95,000
Mid-level managers work at national insurance firms, larger SaaS employers, and regional headquarters.
Senior (6-9 years)
Salary range (per year)
$107,000 to $138,000
Average (per year)
$122,000
Senior-level product managers lead cross-functional teams in Fortune 500 companies or tech-driven organizations.
Principal/Lead (10+ years)
Salary range (per year)
$138,000+
Principal roles provide salaries and may include performance bonuses and equity at major employers.
Hourly Rates
For freelance or contract work, hourly rates are typically higher than equivalent salaried positions.
Junior
$33 - $42
per hour
Mid-level
$42 - $55
per hour
Senior
$55 - $70
per hour