Electrician Salary in Richmond, IN: $72,267 (2026)
Quick Answer:A full-time electrician in Richmond, IN earns a median $72,267/year (≈ $34.74/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 47-2111). Once you factor in Richmond's price level (9% below national, BEA RPP 91.3), that paycheck buys what $79,153 would nationally. Nominal pay sits 2.7% below the Indiana state average.
Based on BLS state-level estimates · View source
In Richmond, Indiana, electricians can expect a median annual salary of $72,267 in 2026, surpassing the national figure by nearly 12%. The salary range for this profession in the area varies significantly, with entry-level positions starting around $47,646 and top earners making up to $112,014. These figures are derived from state-level data and adjusted for regional cost of living, which is lower in Richmond, reflecting a cost-of-living index of 91.3. Additionally, electricians specializing in industrial controls or programmable logic controllers (PLC) can command higher salaries, making them particularly valuable in the local job market, where demand is steadily increasing.
About the Richmond Market
Salary estimated from Indiana average ($66,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,646 | $22.91 |
| Lower Range (P25) | $59,536 | $28.62 |
| Median (P50)(typical) | $72,267 | $34.74 |
| Upper Range (P75) | $92,502 | $44.47 |
| Top Earners (P90) | $112,014 | $53.86 |
Median Salary Position
11.99% above the national average
2026 Salary Percentile Distribution in Richmond
In Richmond, IN, the electrician salary spread from the 10th to 90th percentile is $64,368 (2026 est.). At $72,267, the local median is 11.99% above the national median of $64,530.
Salary Calculator
At 40 hours/week in Richmond: You'd be in the lower-middle range
How Richmond Electrician Pay Compares
Richmond median: $72,267/year (2026)
| Compared To | Median Salary | Richmond Pays |
|---|---|---|
| Indiana Average | $74,273 | -2.70% less |
| National Average | $64,530 | +11.99% more |
Electricians in Richmond, IN earn a median of $72,267 per year (2026 est.), which is 11.99% higher than the national median of $64,530 and 2.70% below the Indiana state average of $74,273.
Cost-of-Living Adjusted Salary
Richmond 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.
Richmond, IN has a cost-of-living index of 91.3 (below the national average of 100). A electrician earning $72,267 nominally has purchasing power equivalent to $79,153 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$62,916
2025 BLS Actual
$70,767
2026 Current Est.
$72,267
2019–2027 Growth
+17.3%
Salary Trajectory for Electricians in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.12% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,916 | Actual |
| 2020 | $63,723 | Actual |
| 2021 | $67,239 | Actual |
| 2022 | $67,463 | Actual |
| 2023 | $68,975 | Actual |
| 2024 | $58,640 | Actual |
| 2025 | $70,767 | Actual |
| 2026(current) | $72,267 | Estimated |
| 2027 | $73,799 | Projected |
Based on 7 years of BLS OEWS data for the Richmond metropolitan area, the median electrician salary grew 12.5% from $62,916 (2019) to $70,767 (2025). At a 2.12% compound annual growth rate, salaries are projected to reach $73,799 by 2027 — a total increase of $10,883 (17.30%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richmond 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 2.12% 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) | $47,646 – $59,536 |
| 3-5 years (Mid Career) | $59,536 – $72,267 |
| 5+ years (Experienced) | $72,267 – $92,502 |
| 10+ years (Top Earner) | $92,502 – $112,014 |
ELEC salary ranges estimated from BLS percentile data. Individual electrician compensation varies by employer, certifications, and specialization.
Electrician Job Market in Richmond
With only seven electricians currently employed in Richmond, competition is limited, which can benefit individuals seeking work in this field. The local cost of living conditions suggest that financial compensation goes further here compared to many other regions, enhancing the purchasing power for electricians. Among employers, union electrical contractors, especially those associated with IBEW, generally offer the highest pay, including benefits, compared to non-union firms focusing more on residential work. The disparity in wages often arises from factors such as union membership, specialty skills, and opportunities for overtime, particularly in high-demand situations like storm work or after-hours commercial projects. With a growth rate of 2.12% projected, those looking to maximize their electrician pay in Richmond IN should consider obtaining specialized licenses, such as master or contractor licenses, to tap into higher-paying markets, especially with emerging trends in renewable energy and data center work driving demand.
More salary data for Richmond, IN:
Frequently Asked Questions
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Written by Samuel Carter, Career Analyst
Career Analyst
Samuel Carter has over 10 years of experience as an electrician. His focus includes residential wiring and safety standards. He has worked in various construction firms.
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 $70,767 for electriciansin the Richmond metropolitan area. A 2.12% 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 Richmond 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 2.12%, derived from historical BLS wage trends for electricians (SOC 47-2111).
Compiled and verified by Samuel Carter, Career Analyst, a licensed electrician with 10+ years of clinical experience. · View source data at BLS.gov