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As of August 01, 2026, the average salary for a Small Business Owner in Indiana is $60,683 per year, which breaks down to an hourly rate of $29.
However, a Small Business Owner's salary can vary significantly. Here’s a look at the typical salary range:
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Small Business Owner Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $69,253 | $5,771 | $1,332 | $33 |
| Average | $60,683 | $5,057 | $1,167 | $29 |
| 25th Percentile | $51,031 | $4,253 | $981 | $25 |
Round Room - Fishers, IN
First Merchants Bank - Indianapolis, IN
TMA Small Business Accounting PC - Indianapolis, IN
TMA Small Business Accounting PC - Indianapolis, IN
A Small Business Owner's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Small Business Owner's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Machinist... Level Small Business Owner | $61,414 |
| Machinist... Level Small Business Owner | $68,507 |
| Small Bus... Level Small Business Owner | $61,354 |
| Machine S... Level Small Business Owner | $73,223 |
| Machine S... Level Small Business Owner | $94,604 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Small Business Owners. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Small Business Owner roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 30% above the average. In contrast, Small Business Owner positions in Retail & Wholesale or Transportation typically offer lower base pay, as these industries often view Small Business Owner as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $78,888 | $38.0 | 30% |
Understanding how a Small Business Owner's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $69,253 | $5,771 | $1,332 | $33 |
| Average | $60,683 | $5,057 | $1,167 | $29 |
| 25th Percentile | $51,031 | $4,253 | $981 | $25 |
Ready to take the next step in your career? Browse thousands of current Small Business Owner job openings on our job board. Use the search bar below to find your perfect match.
Automatic Data Processing
Indianapolis, IN
Automatic Data Processing | Indianapolis, IN
Sales Representative, Small Business Services. Are you ready to build a rewarding future. Uncapped commissions, lavish incentive trips, and career advancem... more
5 Days Ago
Global Resources
Indianapolis, IN
Global Resources | Indianapolis, IN
Job Description. Job Description. Use Your Experience To Help Businesses Grow. This position will analyze the data gathered through Global Resources’ Busin... more
6 Days Ago
Broadmoor East Veterinary Clinic LLC
CHEYENNE, WY
Broadmoor East Veterinary Clinic LLC | CHEYENNE, WY
Are you a *veterinarian* who is passionate about working with both small animals and exotic pets. Do you thrive in a collaborative, close-knit team environ... more
2 Months Ago
Central Animal Hospital
ONALASKA, WI
Central Animal Hospital | ONALASKA, WI
WE BUILT THIS PRACTICE FOR VETERINARIANS LIKE YOU. If you’re a veterinarian craving a better pace, genuine mentorship, and the chance to practice medicine ... more
1 Month Ago
Midland States Bank
SAINT LOUIS, MO
Midland States Bank | SAINT LOUIS, MO
Small Business Market Manager At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factor... more
5 Days Ago
Gold Beach Lumber Yard, Inc
MEDFORD, OR
Gold Beach Lumber Yard, Inc | MEDFORD, OR
Overview Position Type Full Time Description Job Purpose: - The Small Engine Mechanic at GOLD BEACH LUMBER YARD INC is responsible for diagnosing, repairin... more
8 Days Ago
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