Physical Therapist Hourly Pay in Greenwood, IN: $50.05 (2026)
Quick Answer:Hourly pay for a physical therapist working in Greenwood, IN runs $50.05 at the median for 2026 — annualizing to $104,116 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1123). Weighted against Greenwood's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $54.82 nationally would. A 24-hour part-time schedule grosses $62,465 per year.
Based on BLS state-level estimates · View source
In Greenwood, Indiana, the median physical therapist hourly pay is projected to reach $50.05 in 2026. This average is slightly below the national median of $50.62 per hour, reflecting the area's cost of living and demand for healthcare professionals. For part-time workers, such as those practicing three days a week, this rate can provide substantial income while allowing for a balanced work-life schedule. This hourly rate serves a wide spectrum of settings, from outpatient clinics and home health visits to inpatient rehabilitation and sports performance centers. Entry-level positions may command around $38.09 per hour, while established professionals can earn up to $65.09 on an hourly basis, demonstrating the potential for growth in this rewarding field.
About the Greenwood Market
Salary estimated from Indiana average ($92,000) adjusted for local cost of living.
Physical Therapist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $38.09 | $304.76 |
| Lower Range (P25) | $41.99 | $335.90 |
| Median (P50) | $50.05 | $400.41 |
| Upper Range (P75) | $59.89 | $479.10 |
| Top Earners (P90) | $65.09 | $520.74 |
Estimated Annual Income by Work Schedule in Greenwood
Based on $50.05/hr median hourly rate · 2026 est.
At $50.05/hr, a physical therapist working full-time (40 hr/wk) in Greenwood, IN can expect to earn approximately $104,108 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,062. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Greenwood.
Hourly Rate Calculator
Schedule Comparison in Greenwood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,002.07 | $8,676 | $104,108 |
| Part-Time (24 hrs) | $1,201.24 | $5,205 | $62,465 |
| Per Diem (16 hrs) | $800.83 | $3,470 | $41,643 |
Compare PT Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Physical Therapist (Greenwood) | $50.05 |
| Physical Therapist Assistant (National Avg) | $31.26 |
| Occupational Therapist (National Avg) | $47.00 |
| Chiropractor (National Avg) | $36.85 |
| Exercise Physiologist (National Avg) | $26.75 |
Physical Therapists in Greenwood, IN earn a median of $104,116 per year (2026 est.), which is 1.11% lower than the national median of $105,288 and 3.20% above the Indiana state average of $100,887.
Physical Therapist Hourly Pay vs. Cost of Living
Working 24h/week at $50.05/hr = $62,465/year (purchasing power: $68,417).
Working 40h/week (full-time) = $104,108/year (purchasing power: $114,028).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.52/hr
2025 BLS Actual
$48.85/hr
2026 Current Est.
$50.05/hr
2019–2027 Growth
+20.6%
Hourly Rate Trajectory for Physical Therapists in Greenwood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.46% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.52/hr | Actual |
| 2020 | $43.26/hr | Actual |
| 2021 | $45.46/hr | Actual |
| 2022 | $46.45/hr | Actual |
| 2023 | $47.40/hr | Actual |
| 2024 | $39.15/hr | Actual |
| 2025 | $48.85/hr | Actual |
| 2026(current) | $50.05/hr | Estimated |
| 2027 | $51.28/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for physical therapists in Greenwood grew 14.9% from $42.52/hr (2019) to $48.85/hr (2025). At a 2.46% projected growth rate, hourly pay is expected to reach $51.28/hr by 2027. Part-time and per-diem physical therapists can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Greenwood 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 2.46% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Physical Therapist in Greenwood
Facets of physical therapy work in Greenwood reveal diverse earning potentials, especially for those considering part-time or per-diem roles. A physical therapist working just three days a week at that median rate can still take home a considerable annual sum compared to full-time positions. Per-diem physical therapists typically invoice anywhere between $50 to $75 per hour, depending on their specialty and the urgency of care needed. Meanwhile, travel contracts can yield even higher returns, often ranging between $1,800 to $2,800 weekly, making them appealing for therapists navigating the cash-pay versus insurance-covered practice models. However, rates can fluctuate significantly across employer types—outpatient orthopedic clinics may pay less than hospital systems. Some therapists may opt for lower hourly compensation in exchange for benefits, while others prioritize flexibility and higher pay without health insurance. Negotiating these variables is key in Greenwood, where understanding the market and positioning oneself effectively can lead to more favorable compensation agreements.
More salary data for Greenwood, IN:
Frequently Asked Questions
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Written by Alex Morgan, DPT
Career Analyst
Alex Morgan has over 10 years of experience in physical therapy. They specialize in orthopedic rehabilitation. Alex works in a private practice setting.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 2.46% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for physical therapists in Greenwood. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Greenwood 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 2.46%, derived from historical BLS wage trends for physical therapists (SOC 29-1123).
Compiled and verified by Alex Morgan, DPT, a licensed physical therapist with 10+ years of clinical experience. · View source data at BLS.gov