Data Analyst Hourly Pay in Carmel, IN: $31.58 (2026)
Quick Answer:Hourly pay for a data analyst working in Carmel, IN runs $31.58 at the median for 2026 — annualizing to $65,691 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2051). Weighted against Carmel's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $34.59 nationally would. A 24-hour part-time schedule grosses $39,417 per year.
Based on BLS state-level estimates · View source
In Carmel, Indiana, the median hourly rate for a data analyst is projected to be $31.58 in 2026, which is significantly lower than the national median of $38.65 per hour. This disparity may make the profession less appealing, especially for part-time data analysts working three days a week. Those in such roles can expect a comparable annual compensation that aligns with typical office environments found in tech companies and research labs, where they engage in critical data tasks using technologies like Python and Jupyter notebooks. The hourly pay range highlights a spectrum, with entry-level positions starting around $18.60 and experienced analysts potentially earning up to $48.95. Thus, while the hourly earnings in Carmel provide a respectable living, they fall behind national standards and reflect the local market's nuances.
About the Carmel Market
Salary estimated from Indiana average ($95,000) adjusted for local cost of living.
Data Analyst Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $18.60 | $148.78 |
| Lower Range (P25) | $22.96 | $183.72 |
| Median (P50) | $31.58 | $252.67 |
| Upper Range (P75) | $40.42 | $323.39 |
| Top Earners (P90) | $48.95 | $391.59 |
Estimated Annual Income by Work Schedule in Carmel
Based on $31.58/hr median hourly rate · 2026 est.
At $31.58/hr, a data analyst working full-time (40 hr/wk) in Carmel, IN can expect to earn approximately $65,695 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $37,901. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Carmel.
Hourly Rate Calculator
Schedule Comparison in Carmel
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,263.37 | $5,475 | $65,695 |
| Part-Time (24 hrs) | $758.02 | $3,285 | $39,417 |
| Per Diem (16 hrs) | $505.35 | $2,190 | $26,278 |
Compare DA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Data Analyst (Carmel) | $31.58 |
| Data Analyst (National Avg) | $40.39 |
| Software Developer (National Avg) | $64.54 |
| Machine Learning Engineer (National Avg) | $66.77 |
| Statistician (National Avg) | $50.61 |
Data Analysts in Carmel, IN earn a median of $65,691 per year (2026 est.), which is 18.29% lower than the national median of $80,394 and 18.90% above the Indiana state average of $55,249.
Data Analyst Hourly Pay vs. Cost of Living
Working 24h/week at $31.58/hr = $39,417/year (purchasing power: $43,173).
Working 40h/week (full-time) = $65,695/year (purchasing power: $71,955).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$25.37/hr
2025 BLS Actual
$30.23/hr
2026 Current Est.
$31.58/hr
2021–2027 Growth
+30.1%
Hourly Rate Trajectory for Data Analysts in Carmel (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.48% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $25.37/hr | Actual |
| 2022 | $26.02/hr | Actual |
| 2023 | $27.16/hr | Actual |
| 2024 | $40.92/hr | Actual |
| 2025 | $30.23/hr | Actual |
| 2026(current) | $31.58/hr | Estimated |
| 2027 | $33.00/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for data analysts in Carmel grew 19.1% from $25.37/hr (2021) to $30.23/hr (2025). At a 4.48% projected growth rate, hourly pay is expected to reach $33.00/hr by 2027. Part-time and per-diem data analysts can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2021–2025) 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 4.48% CAGR derived from 5-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Data Analyst in Carmel
For part-time data analysts working 24 hours a week, the annual take-home would potentially be around $39,277, well below a full-time analyst's earnings. This stark contrast raises questions about job stability and benefits, especially as per-diem roles offer different earning potential. Those in freelance or contract positions may charge between $100 to $200 an hour, with specialized areas like ML engineering commanding rates upwards of $200 to $400 hourly. In a competitive market like Carmel, hourly rates vary widely depending on the employer type; tech giants, AI startups, and consulting firms consistently offer more lucrative pay compared to smaller organizations. Consequently, some analysts choose lower pay for roles that offer health benefits, while others may negotiate for higher contractor fees in exchange for the absence of such perks. When discussing compensation, understanding the trade-offs in benefits versus hourly rates can guide successful negotiations in Carmel's job market.
More salary data for Carmel, IN:
Frequently Asked Questions
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Written by Aisha Patel, MA, Certified Data Analyst
Career Analyst
Aisha has 10 years of experience in data analysis. She specializes in business intelligence and works at a tech consulting firm.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 4.48% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for data analysts in Carmel. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
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 4.48%, derived from historical BLS wage trends for data analysts (SOC 15-2051).
Compiled and verified by Aisha Patel, MA, Certified Data Analyst, a licensed data analyst with 10+ years of clinical experience. · View source data at BLS.gov