Indianapolis vs Richmond: Physical Therapist Salary (2026)
Compare physical therapist salaries between Indianapolis, IN and Richmond, IN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Indianapolis, IN | Richmond, IN |
|---|---|---|
| Median Salary | $106,323▲ | $98,147 |
| Hourly Rate | $51.12▲ | $47.18 |
| Entry Level (P10) | $79,704▲ | $72,388 |
| 25th Percentile | $84,960 | $86,459▲ |
| 75th Percentile | $119,407▲ | $112,640 |
| Top Earner (P90) | $127,829▲ | $122,316 |
| Total Employed | 2,790▲ | 7 |
Verdict
Indianapolis, IN offers better overall compensation for physical therapists, winning 4 out of 4 metrics compared to Richmond.
The salary gap between Indianapolis and Richmond is $8,176 (8.33%). Indianapolis's median is +0.98% compared to the US national median of $105,288.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Indianapolis spans $48,125,Richmond spans $49,928. Richmond has a wider pay range, suggesting more variation in pay between entry-level and experienced physical therapists.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Indianapolis ($111,105 effective) pays 3.35% more than Richmond ($107,499 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Indianapolis if…
- ✓Higher median salary ($106,323/year)
- ✓Better top-earner potential ($127,829)
- ✓Larger job market (2,790 employed)
- ✓Better purchasing power (CoL-adjusted: $111,105)
- ✓You prefer the Indiana area and lifestyle
Choose Richmond if…
- ✓You prefer the Indiana area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, physical therapist salaries in Indianapolis grew 18.5% from 2019 to 2025, compared to 17.2% growth in Richmond over the same period.
Indianapolis, IN
$87,600 (2019) → $103,770 (2025)
Richmond, IN
$81,740 (2024) → $95,791 (2025)
View Full Salary Data
Indianapolis, IN
Richmond, IN
Frequently Asked Questions
Which city pays physical therapists more: Indianapolis or Richmond?
What is the hourly rate difference between Indianapolis and Richmond?
Should I relocate from Indianapolis to Richmond as a physical therapist?
What do entry-level physical therapists earn in Indianapolis vs Richmond?
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Written by Alex Morgan, DPT
Career Analyst
Alex Morgan has over 10 years of experience in physical therapy. They specialize in orthopedic rehabilitation. Alex works in a private practice setting.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 2.46% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Alex Morgan, DPT, a licensed physical therapist with 10+ years of clinical experience. · View source data at BLS.gov