Are Indiana teachers underpaid compared to their peers in others states? It’s a reasonable question to ask as state officials debate ways to find more money for teacher salaries.
A report from the Federal Reserve Bank of St. Louis suggests they are underpaid. After adjusting for cost of living, Indiana teacher salaries rank 32nd among the 50 states and the District of Columbia, it says.
The average “real” salary for a Hoosier teacher in 2017 was $56,347 after adjusting for the state’s low cost of living. Adjusted average salaries ranged from $75,000 in Alaska to $46,230 in Oklahoma.
Significantly, Indiana’s adjusted average salary was well below that for teachers in surrounding states. Gov. Eric Holcomb has suggested Indiana needs to raise educator pay because it’s at risk of losing teachers to nearby states with higher salaries.