2026 Salary Data · Indianapolis, IN

Product Manager Salary in Indianapolis

How much does a Product Manager make in Indianapolis? Salary data, top employers, and career insights for Product Managers in the Indianapolis area.

$157K
Median Total Comp
-15%
vs National Avg
low
Cost of Living
300+
Product Roles

How Much Does a Product Manager Make in Indianapolis?

The median Product Manager salary in Indianapolis is $157K, which is 15% below the national average in absolute terms. However, the low cost of living (index: 90 vs 100 national average) means purchasing power is strong. Indianapolis's moderate job market has approximately 300+ open product roles.

Indianapolis's cost-of-living index is 90 (vs 100 national average), making it one of the more affordable metros. A $157K salary here has the purchasing power of roughly $174K in an average-cost city. This strong purchasing power is a key reason PMs relocate from higher-cost markets.

$115K$213K
P25-P75 Median

AI Specialization Premium in Indianapolis

Standard PM
$157K
$132K - $196K
AI-Specialized PM
$192K
$161K - $239K

Product Managers with AI/ML experience earn a 22% premium in Indianapolis. While Indianapolis's AI ecosystem is still growing, companies here pay the premium to attract AI-experienced PMs.

Product Manager Salary by Company Type in Indianapolis

FAANG / Big Tech
$204K
+30%
Pre-IPO Unicorn
$181K
+15%
Growth Startup (B/C)
$157K
Baseline
Enterprise / Fortune 500
$165K
+5%
Early Startup (Seed/A)
$133K
-15%
Agency / Consulting
$126K
-20%

Top Employers for Product Managers in Indianapolis

SalesforceAngie's List (Angi)GenesysInfosysEli LillyFormstack

Indianapolis has a growing SaaS scene anchored by Salesforce's marketing cloud division and Angi. Eli Lilly drives healthtech opportunities. One of the most affordable major metros in the US.

B2B SaaS (General)Healthcare / HealthtechE-commerce / Marketplace

Other Product Roles in Indianapolis

Chief Product Officer
15+ years
$408K
+160%
VP of Product
12+ years
$344K
+119%
Director of Product
10-15 years
$315K
+101%
Staff Product Manager
8-12 years
$268K
+71%
AI Product Manager
3-7 years
$259K
+65%
Platform Product Manager
5-9 years
$234K
+49%

Product Manager Salary in Other Cities

Columbus, OH
moderate cost of living
$161K
+3%
Chicago, IL
moderate cost of living
$172K
+10%
Louisville, KY
low cost of living
$155K
-1%
Detroit, MI
moderate cost of living
$161K
+3%
San Francisco, CA
very-high cost of living
$222K
+41%
San Jose, CA
very-high cost of living
$218K
+39%
New York City, NY
very-high cost of living
$213K
+36%

Frequently Asked Questions

How much does a Product Manager make in Indianapolis?+
The median total compensation for a Product Manager in Indianapolis is $157K, with the 25th to 75th percentile range spanning $132K to $196K. This is 15% below the national average of $185K.
What companies hire Product Managers in Indianapolis?+
Top employers for Product Managers in Indianapolis include Salesforce, Angie's List (Angi), Genesys, Infosys, Eli Lilly. Indianapolis has a growing SaaS scene anchored by Salesforce's marketing cloud division and Angi.
Is Indianapolis a good city for Product Managers?+
Indianapolis has a moderate product job market with approximately 300+ open product roles. The cost of living is low. Strong industries include B2B SaaS (General), Healthcare / Healthtech, E-commerce / Marketplace.
How does Product Manager salary in Indianapolis compare to other cities?+
Indianapolis pays 15% below the national average for Product Managers. For comparison, San Francisco pays +20%, New York pays +12%, and Austin is the baseline. Similar markets include Columbus, Chicago, Louisville, Detroit.
Do Product Managers in Indianapolis earn more with AI experience?+
Yes. The AI specialization premium for Product Managers in Indianapolis is 22%, bringing the median from $157K to $192K. While Indianapolis's AI ecosystem is still developing, companies here still pay the premium for AI-experienced PMs.
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