Elementary School Teacher Salary in Richmond, IN: $58,450 (2026)
Quick Answer:A full-time elementary school teacher in Richmond, IN earns a median $58,450/year (≈ $28.10/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 25-2021). Once you factor in Richmond's price level (9% below national, BEA RPP 91.3), that paycheck buys what $64,020 would nationally. Nominal pay sits 2.7% below the Indiana state average.
Based on BLS state-level estimates · View source
Elementary school teacher salaries in Richmond, Indiana, have been projected to reach a median annual amount of $58,450 by 2026, a figure notably lower than the national median of $64,597 for the same year. Compensation for teachers in this city reflects a salary range from $43,052 at the 10th percentile to $90,598 at the 90th percentile. These figures derive from estimates based on 2025 BLS data and regional price adjustments. In addition to the base salaries, teachers in Richmond can also receive shortage stipends, especially in special education, STEM, or bilingual education, which tend to enhance overall earnings. Given the relatively low number of elementary school teachers (only seven currently employed), competition for positions can remain moderate while the current market dynamics present both opportunities and challenges for educators.
About the Richmond Market
Salary estimated from Indiana average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $43,052 | $20.70 |
| Lower Range (P25) | $55,268 | $26.57 |
| Median (P50)(typical) | $58,450 | $28.10 |
| Upper Range (P75) | $72,504 | $34.86 |
| Top Earners (P90) | $90,598 | $43.55 |
Median Salary Position
9.52% below the national average
2026 Salary Percentile Distribution in Richmond
In Richmond, IN, the elementary school teacher salary spread from the 10th to 90th percentile is $47,546 (2026 est.). At $58,450, the local median is 9.52% below the national median of $64,597.
Salary Calculator
At 40 hours/week in Richmond: You'd be in the lower-middle range
How Richmond Elementary School Teacher Pay Compares
Richmond median: $58,450/year (2026)
| Compared To | Median Salary | Richmond Pays |
|---|---|---|
| Indiana Average | $60,072 | -2.70% less |
| National Average | $64,597 | -9.52% less |
Elementary School Teachers in Richmond, IN earn a median of $58,450 per year (2026 est.), which is 9.52% lower than the national median of $64,597 and 2.70% below the Indiana state average of $60,072.
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 elementary school teacher earning $58,450 nominally has purchasing power equivalent to $64,020 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$53,992
2025 BLS Actual
$57,883
2026 Current Est.
$58,450
2019–2027 Growth
+9.3%
Salary Trajectory for Elementary School Teachers in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 0.98% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,992 | Actual |
| 2020 | $55,141 | Actual |
| 2021 | $55,558 | Actual |
| 2022 | $55,820 | Actual |
| 2023 | $57,621 | Actual |
| 2024 | $51,532 | Actual |
| 2025 | $57,883 | Actual |
| 2026(current) | $58,450 | Estimated |
| 2027 | $59,023 | Projected |
Based on 7 years of BLS OEWS data for the Richmond metropolitan area, the median elementary school teacher salary grew 7.2% from $53,992 (2019) to $57,883 (2025). At a 0.98% compound annual growth rate, salaries are projected to reach $59,023 by 2027 — a total increase of $5,031 (9.32%) 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 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) | $43,052 – $55,268 |
| 3-5 years (Mid Career) | $55,268 – $58,450 |
| 5+ years (Experienced) | $58,450 – $72,504 |
| 10+ years (Top Earner) | $72,504 – $90,598 |
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 Richmond
Examining the local job market, Richmond enjoys a cost-of-living index of 91.3, which is below the national average of 100. This lower index means that although base salaries may appear modest compared to national standards, the purchasing power for residents is somewhat better than it might be in high-cost areas. Among the local employers, public school districts typically offer competitive pay aligned with the step-and-lane structure, which accounts for experience and educational attainment. However, some charter schools may provide substantial bonuses for specific shortage areas and extended contracts for summer or after-school programs. Given the disparity in pay across the educational landscape, educators aiming for higher compensation should consider obtaining National Board Certification or seeking positions in subjects recognized as high-need to leverage additional stipends effectively. Understanding how much do elementary school teachers make in Richmond can help improve salary negotiations and career planning in this evolving educational environment.
More salary data for Richmond, IN:
Frequently Asked Questions
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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 $57,883 for elementary school teachersin the Richmond 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 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 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