How Much Does a Small Business Owner Make in Indiana?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Small Business Owner in Indiana is $63,518. While Salary.com is seeing that Small Business Owner salary in IN can go up to $82,873 or down to $39,063, but most earn between $50,718 and $73,649. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Small Business Owner
Small Business Banker I
$73,979
Indiana
Per Year
Small Business Banker II
$102,550
Indiana
Per Year
Business Owner
$48,046
Indiana
Per Year
Small Business Banker
$70,952
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Per Year
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Similar Job Salaries to Small Business Owner by Company

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Company average base salary in (usd) range
State Farm
Business Owner
$87,471/yr
$77,489
$97,453
RANGE: $77,489 - $97,453
Kalos Consulting, Inc.
Small Business Partner
$76,087/yr
$67,071
$85,102
RANGE: $67,071 - $85,102
Indiana Economic Development Corporation
Director, Small Business Operations
$149,627/yr
$135,535
$163,719
RANGE: $135,535 - $163,719
State Farm
Small Business Owner
$96,079/yr
$88,860
$103,297
RANGE: $88,860 - $103,297
ASHH Recruiting
Small Business Owner
$66,466/yr
$59,580
$73,351
RANGE: $59,580 - $73,351
State Farm Agent
Small Business Owner
$106,022/yr
$93,687
$118,358
RANGE: $93,687 - $118,358

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Top 10 Highest Paying Cities For Small Business Owner Jobs in Indiana

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Small Business Owner can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Small Business Owner job salaries in Indiana. Some cities can pay higher salaries for Small Business Owner jobs, which can indicate that there is a large demand for Small Business Owner positions in this city.
The following table shows top 10 cities where the Small Business Owner salary is higher than other cities in Indiana. Hammond takes first place in this list, followed by Gary, Indianapolis. The Small Business Owner salary is $65,808 in Hammond, which is lower than the national average. There is 0 city's Small Business Owner salary higher than national average in Indiana.
The average salary for a Small Business Owner in Indiana is $63,518, but we found that the city with the highest salary for Small Business Owner jobs is Hammond, IN, and it is higher than Gary. Small Business Owner jobs in Hammond can have the opportunity to earn higher salaries than in other cities in Indiana.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Hammond $65,808 $5,484 $1,266 $32
Gary $65,808 $5,484 $1,266 $32
Indianapolis $64,385 $5,365 $1,238 $31
Greenwood $64,359 $5,363 $1,238 $31
Carmel $64,306 $5,359 $1,237 $31
Lafayette $63,988 $5,332 $1,231 $31
Elkhart $63,896 $5,325 $1,229 $31
Evansville $62,678 $5,223 $1,205 $30
Fort Wayne $61,732 $5,144 $1,187 $30
South Bend $61,586 $5,132 $1,184 $30

What Does a Small Business Owner Do?

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Frequently Asked Questions About a Small Business Owner Salaries

What is the average of a Small Business Owner in Indiana?

The Small Business Owner salary range is from $50,718 to $73,649, and the average Small Business Owner salary is $63,518/year in Indiana. The Small Business Owner's salary will change in different locations.

Which location pays the highest Small Business Owner salary in the United States?

The Small Business Owner salary in San Jose, CA is $83,463 which is the highest in the US.

What kinds of reasons will influence the Small Business Owner's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Small Business Owner.

What is the growth rate of the Small Business Owner's salary?

If you are thinking of becoming a Small Business Owner or planning the next step in your career, find the detailed salary report of a Small Business Owner.