Aerospace Engineering Degree in Indianapolis, IN — Salary & ROI 2026
Aerospace Engineering degree analysis for Indianapolis, IN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$75K
COL-adjusted
Mid-Career
$108K
COL-adjusted
ROI Payback
2.1 yrs
in Indianapolis
Cost of Living
94
index (100 = avg)
Aerospace Engineering in Indianapolis, IN Overview
Indianapolis is one of Indiana's top college towns, with 25 institutions and a student population of 38,913. Public tuition averages $9,944/year here — well below the national average, making it a cost-effective choice. Aerospace Engineering has seen growing enrollment nationally, reflecting rising employer demand for Aerodynamics and Propulsion skills. The adjusted starting salary in Indianapolis is approximately $75,200.
Category
Engineering
Local Colleges
25
Public Tuition
$9,944/yr
Private Tuition
$39,815/yr
Room & Board
$12,486/yr
Avg Fin. Aid
$12,595/yr
Unemployment
4.2%
Graduation Rate
56%
Aerospace Engineering Salary in Indianapolis (COL-Adjusted)
Salaries adjusted for Indianapolis's cost of living index of 94 (national average = 100).
Note: National average Aerospace Engineering salary: $80,000 starting, $115,000 mid-career, $145,000 senior level.Indianapolis adjustment factor: 0.94x based on the local cost of living index.
Aerospace Engineering ROI Calculator for Indianapolis
Estimate your return on investment for a Aerospace Engineering degree using local Indianapolis tuition and cost of living data.
Public avg: $9,944 | Private avg: $39,815
Indianapolis avg aid: $12,595/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$89,720
tuition + room & board - aid
Annual Earnings Premium
$42,300
vs HS diploma in Indianapolis
ROI Payback Period
2.1 years
to break even
Lifetime Return in Indianapolis
$831,480
Lifetime earnings premium ($921,200) minus total education cost ($89,720)
Student Loan Payoff for Aerospace Engineering in Indianapolis
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Indianapolis for Aerospace Engineering
Indiana University-Purdue University Indianapolis
public
$9,944/yr
$39,776 total
Butler University
private
$46,710/yr
$186,840 total
University of Indianapolis
private
$32,920/yr
$131,680 total
Community Colleges (2-Year Transfer)
Ivy Tech Community College
$4,540/yr
Top Employers for Aerospace Engineering in Indianapolis
Indianapolis offers opportunities in Engineering firms, Manufacturing, Defense contractors for Aerospace Engineering graduates. National top employers in this field include:
Key Indianapolis Hiring Sectors for Engineering
Engineering firms
Manufacturing
Defense contractors
Energy companies
Construction firms
Common Aerospace Engineering Job Titles
Aerospace Engineering in Nearby Indiana Cities
Fort Wayne, IN
$82K starting · COL 103
24 colleges
Evansville, IN
$69K starting · COL 86
10 colleges
South Bend, IN
$71K starting · COL 89
9 colleges
Carmel, IN
$84K starting · COL 105.2
4 colleges
Fishers, IN
$80K starting · COL 100.5
4 colleges
Bloomington, IN
$66K starting · COL 83
5 colleges
Hammond, IN
$74K starting · COL 93.1
4 colleges
Lafayette, IN
$68K starting · COL 84.8
3 colleges
Other Engineering Majors in Indianapolis
Petroleum Engineering
$47K starting · 2.5 yr ROI
Computer Engineering
$47K starting · 3 yr ROI
Chemical Engineering
$77K starting · 3.2 yr ROI
Nuclear Engineering
$47K starting · 3.3 yr ROI
Electrical Engineering
$75K starting · 3.3 yr ROI
Mechanical Engineering
$73K starting · 3.5 yr ROI
Mining Engineering
$47K starting · 3 yr ROI
Materials Science & Engineering
$47K starting · 3.8 yr ROI
Aerospace Engineering Degree in Indianapolis — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Aerospace Engineering ROI in other cities, or explore other majors in Indianapolis.