Electrical Engineer Salary in Carmel, IN: $107,067 (2026)
Quick Answer:A full-time electrical engineer in Carmel, IN earns a median $107,067/year (≈ $51.47/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 17-2071). Once you factor in Carmel's price level (9% below national, BEA RPP 91.3), that paycheck buys what $117,269 would nationally. Nominal pay sits 2.5% above the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, those working as electrical engineers in Carmel, Indiana, can anticipate a median annual salary of $107,067. This figure reflects a competitive salary range, with earnings potentially reaching as low as $71,116 at the 10th percentile and climbing to $164,564 for those in the 90th percentile. These estimates, compiled from BLS state-level data and adjusted for regional price parities, highlight the diverse career opportunities within the electrical engineering sector, emphasizing roles in semiconductor and chip design, which typically offer higher pay compared to utilities or defense sector positions. As the demand for skilled electrical engineers continues to grow, Carmel presents a promising job market, especially for those specializing in high-demand industries.
About the Carmel Market
Salary estimated from Indiana average ($102,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,116 | $34.19 |
| Lower Range (P25) | $83,971 | $40.37 |
| Median (P50)(typical) | $107,067 | $51.47 |
| Upper Range (P75) | $136,817 | $65.78 |
| Top Earners (P90) | $164,564 | $79.12 |
Median Salary Position
14.37% below the national average
2026 Salary Percentile Distribution in Carmel
In Carmel, IN, the electrical engineer salary spread from the 10th to 90th percentile is $93,448 (2026 est.). At $107,067, the local median is 14.37% below the national median of $125,033.
Salary Calculator
At 40 hours/week in Carmel: You'd be in the lower-middle range
How Carmel Electrical Engineer Pay Compares
Carmel median: $107,067/year (2026)
| Compared To | Median Salary | Carmel Pays |
|---|---|---|
| Indiana Average | $104,456 | +2.50% more |
| National Average | $125,033 | -14.37% less |
Electrical Engineers in Carmel, IN earn a median of $107,067 per year (2026 est.), which is 14.37% lower than the national median of $125,033 and 2.50% above the Indiana state average of $104,456.
Cost-of-Living Adjusted Salary
Carmel has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Carmel, IN has a cost-of-living index of 91.3 (below the national average of 100). A electrical engineer earning $107,067 nominally has purchasing power equivalent to $117,269 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$84,372
2025 BLS Actual
$103,297
2026 Current Est.
$107,067
2019–2027 Growth
+31.5%
Salary Trajectory for Electrical Engineers in Carmel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.65% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $84,372 | Actual |
| 2020 | $86,342 | Actual |
| 2021 | $85,991 | Actual |
| 2022 | $88,474 | Actual |
| 2023 | $91,583 | Actual |
| 2024 | $91,387 | Actual |
| 2025 | $103,297 | Actual |
| 2026(current) | $107,067 | Estimated |
| 2027 | $110,975 | Projected |
Based on 7 years of BLS OEWS data for the Carmel metropolitan area, the median electrical engineer salary grew 22.4% from $84,372 (2019) to $103,297 (2025). At a 3.65% compound annual growth rate, salaries are projected to reach $110,975 by 2027 — a total increase of $26,603 (31.53%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Carmel metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.65% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $71,116 – $83,971 |
| 3-5 years (Mid Career) | $83,971 – $107,067 |
| 5+ years (Experienced) | $107,067 – $136,817 |
| 10+ years (Top Earner) | $136,817 – $164,564 |
EE salary ranges estimated from BLS percentile data. Individual electrical engineer compensation varies by employer, certifications, and specialization.
Electrical Engineer Job Market in Carmel
With only 15 electrical engineers currently employed in the Carmel area, competition is relatively low, potentially benefiting job seekers. The cost of living index, which stands at 91.3, indicates that affordable living expenses can enhance take-home purchasing power for engineers in this locale. Top employers include technology giants like Apple and Intel, as well as defense contractors such as Lockheed Martin, all of which tend to offer higher salaries due to the specialized skills required. The spread in pay can largely be attributed to industry differences; semiconductor and chip design roles vastly outpace utility and power system positions, often bolstered by security clearance premiums and the credentials of candidates, such as obtaining advanced degrees or professional licenses. For electrical engineers seeking to maximize their potential in Carmel, focusing on acquiring skills aligned with high-paying sectors and obtaining relevant certifications will be critical strategies for enhancing their financial prospects.
More salary data for Carmel, IN:
Frequently Asked Questions
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Written by Amina Patel, MEng, PE
Career Analyst
Amina has over 10 years of experience in power systems engineering. She works at a utility company specializing in renewable energy integration.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $103,297 for electrical engineersin the Carmel metropolitan area. A 3.65% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Carmel is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.65%, derived from historical BLS wage trends for electrical engineers (SOC 17-2071).
Compiled and verified by Amina Patel, MEng, PE, a licensed electrical engineer with 10+ years of clinical experience. · View source data at BLS.gov