Physician Assistant Salary in Richmond, IN: $127,732 (2026)
Quick Answer:A full-time physician assistant in Richmond, IN earns a median $127,732/year (≈ $61.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1071). Once you factor in Richmond's price level (9% below national, BEA RPP 91.3), that paycheck buys what $139,904 would nationally. Nominal pay sits 2.7% below the Indiana state average.
Based on BLS state-level estimates · View source
Physician assistants in Richmond, Indiana, are projected to earn a median annual salary of $127,732 in 2026, reflecting local market dynamics that shape their compensation. With a salary range spanning from $91,667 at the 10th percentile to $169,748 at the 90th percentile, the role of surgical PAs as first-assist providers has a significant impact on earnings. These figures come from estimates based on 2025 BLS data and regional pricing adjustments. Although this compensation level is about 9.02% below the national median of $140,391, it remains a competitive figure for the Richmond job market, given the cost of living and the local demand for healthcare professionals.
About the Richmond Market
Salary estimated from Indiana average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $91,667 | $44.07 |
| Lower Range (P25) | $118,954 | $57.19 |
| Median (P50)(typical) | $127,732 | $61.41 |
| Upper Range (P75) | $150,085 | $72.16 |
| Top Earners (P90) | $169,748 | $81.61 |
Median Salary Position
9.02% below the national average
2026 Salary Percentile Distribution in Richmond
In Richmond, IN, the physician assistant salary spread from the 10th to 90th percentile is $78,081 (2026 est.). At $127,732, the local median is 9.02% below the national median of $140,391.
Salary Calculator
At 40 hours/week in Richmond: You'd be in the lower-middle range
How Richmond Physician Assistant Pay Compares
Richmond median: $127,732/year (2026)
| Compared To | Median Salary | Richmond Pays |
|---|---|---|
| Indiana Average | $131,277 | -2.70% less |
| National Average | $140,391 | -9.02% less |
Physician Assistants in Richmond, IN earn a median of $127,732 per year (2026 est.), which is 9.02% lower than the national median of $140,391 and 2.70% below the Indiana state average of $131,277.
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 physician assistant earning $127,732 nominally has purchasing power equivalent to $139,904 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$102,138
2025 BLS Actual
$123,628
2026 Current Est.
$127,732
2019–2027 Growth
+29.2%
Salary Trajectory for Physician Assistants in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,138 | Actual |
| 2020 | $104,986 | Actual |
| 2021 | $110,572 | Actual |
| 2022 | $114,648 | Actual |
| 2023 | $118,296 | Actual |
| 2024 | $104,841 | Actual |
| 2025 | $123,628 | Actual |
| 2026(current) | $127,732 | Estimated |
| 2027 | $131,973 | Projected |
Based on 7 years of BLS OEWS data for the Richmond metropolitan area, the median physician assistant salary grew 21.0% from $102,138 (2019) to $123,628 (2025). At a 3.32% compound annual growth rate, salaries are projected to reach $131,973 by 2027 — a total increase of $29,835 (29.21%) 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 3.32% 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) | $91,667 – $118,954 |
| 3-5 years (Mid Career) | $118,954 – $127,732 |
| 5+ years (Experienced) | $127,732 – $150,085 |
| 10+ years (Top Earner) | $150,085 – $169,748 |
PA salary ranges estimated from BLS percentile data. Individual physician assistant compensation varies by employer, certifications, and specialization.
Physician Assistant Job Market in Richmond
In Richmond, the job market for physician assistants includes only seven employed professionals, indicating a relatively small pool of practitioners. The cost of living index stands at 91.3, suggesting that take-home pay can stretch further than in many other areas, though it still limits overall earnings potential compared to higher-cost regions. Among local employers, hospital systems and surgical specialty practices—particularly in fields like orthopedics and cardiothoracic surgery—tend to offer the best compensation packages. The difference in salaries can largely be attributed to the types of practice settings, with surgical roles often providing higher first-assist billing opportunities compared to primary care or urgent care settings. For PAs in Richmond looking to maximize pay, pursuing specialties with greater surgical case volume and negotiating for RVU productivity bonuses can greatly enhance their overall compensation.
More salary data for Richmond, IN:
Frequently Asked Questions
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Written by Jessica Tran, MPAS, PA-C
Career Analyst
Jessica has 10 years of experience as a physician assistant. Her specialty is cardiology in an outpatient setting.
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 $123,628 for physician assistantsin the Richmond metropolitan area. A 3.32% 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 3.32%, derived from historical BLS wage trends for physician assistants (SOC 29-1071).
Compiled and verified by Jessica Tran, MPAS, PA-C, a licensed physician assistant with 10+ years of clinical experience. · View source data at BLS.gov