salary information

Salary Information for a Payroll Management in Indianapolis, IN

Median salary:

This data reflects Total Cash for a Level 5 Payroll Management at a mid-size company. To get more detailed information on total compensation for the role of Payroll Management in Indianapolis, IN, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

Behind the numbers

What is the adjusted total comp for a Payroll Management in Indianapolis, IN?

Total Comp (TC)

Cost of Living (COL) Index

COL-Adjusted TC

Median Home Price

Total Comp (TC)

Cost of Living (COL) Index

COL-Adjusted TC

Median Home Price

What are the responsibilities of a Payroll Management in Indianapolis, IN?

Develops policies and procedures for payroll process and timekeeping. Ensures accurate processing in compliance with relavent regulations. Selects, develops and retains team members to drive success of the team/department/function.

What are the characteristics of a level 5 Payroll Management?

A level 5 Payroll Management in Indianapolis, IN works directly with leadership team (and sometimes executive staff in smaller organizations) to establish strategic plans and objectives.

Quality of Life in Indianapolis, IN

Income Overview

Annual Salary: $165,600
Comparison to Median Income: Significantly higher than both the national and Indianapolis median household incomes.

Cost of Living

General Cost:
- Indianapolis has a lower cost of living compared to the national average.
- Lower expenses in areas such as transportation, groceries, and utilities contribute to affordable living.
Discretionary Spending: Higher income allows for more discretionary spending on leisure and luxury goods.

Housing Market

Median Home Price:
- Generally more affordable than the national median.
- Offers access to larger homes for the same budget when compared to similar cities.
Home Ownership: Easier access to home ownership due to reasonable property prices and a high salary.

Quality of Life

Urban vs. Suburban Living: Options for urban living in downtown Indianapolis or more spacious suburban settings.
Community and Culture:
- Vibrant arts scene and numerous cultural festivals.
- Access to a variety of dining and shopping experiences.

Access to Healthcare

Facilities: Equipped with renowned hospitals and healthcare centers.
Healthcare Costs: Affordable compared to many major urban centers in the U.S.

Education (K-12 Schools)

Public Schools:
- Vary in quality, with some highly-rated options.
- Opportunity for significant investment in private schooling if desired.
Access to Programs: Availability of numerous extracurricular and advanced educational programs.

Summary Assessment

An income of $165,600 in Indianapolis supports a high standard of living, offering financial stability and comfort.
Due to lower housing costs and overall living expenses, individuals can enjoy a spacious home and quality lifestyle.
Access to quality healthcare and a mix of educational institutions enhance the overall living experience.
Indianapolis provides a balanced lifestyle with urban amenities and suburban tranquility, ideal for professionals and families alike.

What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to:

OpenComp aggregates multiple data sources to provide accurate salary data for Indianapolis, IN, specifically for a Level 5 Payroll Management. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

salary information

Salary Information for a Payroll Management in Indianapolis, IN

Behind the numbers

What are the responsibilities of a Payroll Management in Indianapolis, IN?

What are the characteristics of a level 5 Payroll Management?

Payroll Management

Management

Payroll

Business