Elementary School Teacher Salary in Franklin, IN: $59,046 (2026)
Quick Answer:A full-time elementary school teacher in Franklin, IN earns a median $59,046/year (≈ $28.39/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 25-2021). Once you factor in Franklin's price level (9% below national, BEA RPP 91.3), that paycheck buys what $64,673 would nationally. Nominal pay sits 1.7% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, the projected median annual salary for elementary school teachers in Franklin, Indiana, is $59,046. This figure reflects local estimates derived from state-level data and adjusts for the regional cost of living. The salary range extends from $44,737 at the 10th percentile to $91,521 at the 90th percentile. Teachers in shortage areas, such as special education, STEM, and bilingual education, may receive additional stipends that can significantly enhance their overall compensation. In a competitive job market where wages in Franklin tend to be lower than the national average, understanding salary dynamics is essential for prospective educators.
About the Franklin Market
Salary estimated from Indiana average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,737 | $21.51 |
| Lower Range (P25) | $52,972 | $25.47 |
| Median (P50)(typical) | $59,046 | $28.39 |
| Upper Range (P75) | $74,047 | $35.60 |
| Top Earners (P90) | $91,521 | $44.00 |
Median Salary Position
8.59% below the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, IN, the elementary school teacher salary spread from the 10th to 90th percentile is $46,784 (2026 est.). At $59,046, the local median is 8.59% below the national median of $64,597.
Salary Calculator
At 40 hours/week in Franklin: You'd be in the lower-middle range
How Franklin Elementary School Teacher Pay Compares
Franklin median: $59,046/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| Indiana Average | $60,067 | -1.70% less |
| National Average | $64,597 | -8.59% less |
Elementary School Teachers in Franklin, IN earn a median of $59,046 per year (2026 est.), which is 8.59% lower than the national median of $64,597 and 1.70% below the Indiana state average of $60,067.
Cost-of-Living Adjusted Salary
Franklin 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.
Franklin, IN has a cost-of-living index of 91.3 (below the national average of 100). A elementary school teacher earning $59,046 nominally has purchasing power equivalent to $64,673 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$54,543
2025 BLS Actual
$58,473
2026 Current Est.
$59,046
2019–2027 Growth
+9.3%
Salary Trajectory for Elementary School Teachers in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 0.98% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $54,543 | Actual |
| 2020 | $55,703 | Actual |
| 2021 | $56,124 | Actual |
| 2022 | $56,389 | Actual |
| 2023 | $58,208 | Actual |
| 2024 | $52,058 | Actual |
| 2025 | $58,473 | Actual |
| 2026(current) | $59,046 | Estimated |
| 2027 | $59,625 | Projected |
Based on 7 years of BLS OEWS data for the Franklin metropolitan area, the median elementary school teacher salary grew 7.2% from $54,543 (2019) to $58,473 (2025). At a 0.98% compound annual growth rate, salaries are projected to reach $59,625 by 2027 — a total increase of $5,082 (9.32%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin 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 0.98% 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) | $44,737 – $52,972 |
| 3-5 years (Mid Career) | $52,972 – $59,046 |
| 5+ years (Experienced) | $59,046 – $74,047 |
| 10+ years (Top Earner) | $74,047 – $91,521 |
Teacher salary ranges estimated from BLS percentile data. Individual elementary school teacher compensation varies by employer, certifications, and specialization.
Elementary School Teacher Job Market in Franklin
In terms of the local job market, only six elementary school teachers are currently employed in Franklin, revealing a relatively small workforce. With a cost-of-living index of 91.3, which is below the national average, an educator's purchasing power may feel stretched despite the competitive average for the region. Public school districts generally adhere to the step-and-lane pay scale, where salaries increase with years of experience and education level. Among local employers, K-12 public school districts often lead in salary offerings, while charter schools can vary widely in pay structures. To maximize their salaries, teachers might consider pursuing advanced degrees, applying for shortage area stipends, or negotiating for summer contracts and after-school programs, which can enhance overall income. Understanding these nuances can better inform educators seeking to improve their financial standing in Franklin, IN.
More salary data for Franklin, IN:
Frequently Asked Questions
How much do elementary school teachers make in Franklin, IN in 2026?
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Can elementary school teachers make $100K in Franklin?
What is the cost-of-living adjusted elementary school teacher salary in Franklin?
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Written by Jordan Lee, M.Ed.
Career Analyst
Jordan Lee has over 10 years of experience in elementary education. They focus on curriculum development and teaching methodologies. Their experience includes working in public schools.
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 $58,473 for elementary school teachersin the Franklin metropolitan area. A 0.98% 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 Franklin 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 0.98%, derived from historical BLS wage trends for elementary school teachers (SOC 25-2021).
Compiled and verified by Jordan Lee, M.Ed., a licensed elementary school teacher with 10+ years of clinical experience. · View source data at BLS.gov