2026 Salary Data · Indianapolis, IN

VP of Product Salary in Indianapolis

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

$344K
Median Total Comp
-15%
vs National Avg
low
Cost of Living
300+
Product Roles

How Much Does a VP of Product Make in Indianapolis?

The median VP of Product salary in Indianapolis is $344K, 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 $344K salary here has the purchasing power of roughly $382K in an average-cost city. This strong purchasing power is a key reason PMs relocate from higher-cost markets.

$234K$527K
P25-P75 Median

AI Specialization Premium in Indianapolis

Standard VP Product
$344K
$268K - $451K
AI-Specialized VP Product
$406K
$316K - $532K

VPs of Product with AI/ML experience earn a 18% premium in Indianapolis. While Indianapolis's AI ecosystem is still growing, companies here pay the premium to attract AI-experienced PMs.

VP of Product Salary by Company Type in Indianapolis

FAANG / Big Tech
$447K
+30%
Pre-IPO Unicorn
$396K
+15%
Growth Startup (B/C)
$344K
Baseline
Enterprise / Fortune 500
$361K
+5%
Early Startup (Seed/A)
$292K
-15%
Agency / Consulting
$275K
-20%

Top Employers for VPs of Product 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
+19%
Director of Product
10-15 years
$315K
-8%
Staff Product Manager
8-12 years
$268K
-22%
AI Product Manager
3-7 years
$259K
-25%
Platform Product Manager
5-9 years
$234K
-32%
Technical Product Manager
4-8 years
$230K
-33%

VP of Product Salary in Other Cities

Columbus, OH
moderate cost of living
$352K
+2%
Chicago, IL
moderate cost of living
$377K
+10%
Louisville, KY
low cost of living
$340K
-1%
Detroit, MI
moderate cost of living
$352K
+2%
San Francisco, CA
very-high cost of living
$486K
+41%
San Jose, CA
very-high cost of living
$478K
+39%
New York City, NY
very-high cost of living
$466K
+35%

Frequently Asked Questions

How much does a VP of Product make in Indianapolis?+
The median total compensation for a VP of Product in Indianapolis is $344K, with the 25th to 75th percentile range spanning $268K to $451K. This is 15% below the national average of $405K.
What companies hire VPs of Product in Indianapolis?+
Top employers for VPs of Product 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 VPs of Product?+
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 VP of Product salary in Indianapolis compare to other cities?+
Indianapolis pays 15% below the national average for VPs of Product. For comparison, San Francisco pays +20%, New York pays +12%, and Austin is the baseline. Similar markets include Columbus, Chicago, Louisville, Detroit.
Do VPs of Product in Indianapolis earn more with AI experience?+
Yes. The AI specialization premium for VPs of Product in Indianapolis is 18%, bringing the median from $344K to $406K. While Indianapolis's AI ecosystem is still developing, companies here still pay the premium for AI-experienced PMs.
View National VP Product SalaryFull PM Salary ExplorerCareer Path Finder