Salary & Cost of Living in Fishers, IN
Fishers, IN: $88,000 median salary, cost of living index 105, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$88,000
$42/hr
Cost of Living
105
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.2%
rate
Fishers, IN Overview
Population
99,220
Median Salary
$88,000
Average Salary
$96,000
Avg Commute
26 min
Median Home Price
$360,000
Median Rent
$1,500/mo
Job Growth
+3%
Sales Tax
7%
Fishers is located in Indiana with a population of 99,220. The median household salary is $88,000 per year ($42/hour), which is $28,616 above the national median of $59,384. The average commute time is 26 minutes, and the city has a job growth rate of +3%.
Fishers Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fishers, IN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$67,610
$5,634.17/month · $2,600.38/biweekly · Effective Rate: 23.2%
Gross Pay
$88,000
Federal Tax
-$10,974
State Tax
-$2,684
Local Tax
$0
FICA
-$6,732
Net Pay
$67,610
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $7,333.33 | $88,000.00 |
| Federal Income Tax | -$914.50 | -$10,974.00 |
| Indiana State Tax (3.05%) | -$223.67 | -$2,684.00 |
| Social Security (6.2%) | -$454.67 | -$5,456.00 |
| Medicare (1.45%) | -$106.33 | -$1,276.00 |
| Net Take-Home Pay | $5,634.17 | $67,610.00 |
Salary Comparison: Fishers vs Other Cities
See how Fishers's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fishers, IN | $88,000 | 105 | $83,810 |
| National Average | $59,384 | 100 | $59,384 |
| Norwalk, CT | $88,000 | 140 | $62,857 |
| Rockville, MD | $88,000 | 132 | $66,667 |
| Allen, TX | $88,000 | 108 | $81,481 |
| Cary, NC | $90,000 | 110 | $81,818 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Fishers
Fishers's cost of living index is 105 (national average = 100). Living in Fishers is 5% more expensive than the national average.
Median Home Price
$360,000
Median Monthly Rent
$1,500
Annual Rent Cost
$18,000
Your Salary's Purchasing Power
Your $67,610 annual take-home pay in Fishers has the purchasing power of approximately $64,390 in an average-cost US area. You would need to earn $92,400 in Fishers to match a $88,000 salary in an average-cost city.
Top Industries in Fishers
Fishers's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $88,000.
Salary Tips for Fishers Workers
- Research top industries. Fishers's top industries include Technology, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $88,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Fishers, IN?
The median salary in Fishers, IN is $88,000 per year, or $42 per hour. The average salary is $96,000. This is $28,616 above the national median of $59,384.
What is the cost of living in Fishers, IN?
Fishers's cost of living index is 105 (national average = 100), meaning it is 5% more expensive compared to the national average. The median home price is $360,000 and the median monthly rent is $1,500.
What are the best industries in Fishers?
The top industries in Fishers, IN include Technology, Healthcare, Finance. The city has a job growth rate of 3% and an unemployment rate of 2.2%. Workers in these industries often earn above the city's median salary of $88,000.
How does Fishers's salary compare to other cities?
Fishers's median salary of $88,000 is 48.2% above the national median of $59,384. However, when adjusted for cost of living (index: 105), the real purchasing power is approximately $83,810.
What is the minimum wage in Fishers, IN?
The minimum wage in Fishers, IN is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.