Indiana energy profile

Manufacturing energy costs in Indiana

As of Aug 2026, industrial electricity in Indiana runs 9.28 cents per kWh. That is 3.7% cheaper than the U.S. average and places the state 23 of 51 nationally.

Current prices in Indiana

  • Industrial electricity: 9.28 cents per kWh (Aug 2026, EIA).
  • Commercial electricity, the rate a warehouse or distribution center in Indiana typically pays: 13.29 cents per kWh.
  • Indiana does not report an industrial natural gas price for the latest month; plants there should use their utility contract rate.
  • Just below Indiana on the price ladder: Wyoming at 8.8, Florida at 8.93, Michigan at 8.99 cents. Just above: Iowa at 9.31, South Dakota at 9.43, Idaho at 9.71 cents.

What the rate does to operating cost

  • A 10 kW machine running a 4,000 hour year costs about $3,712 in electricity at Indiana rates versus $3,856 at the national average; at 50 kW the gap is $18,560 versus $19,280, and at 200 kW it is $74,240 versus $77,120.
  • With rates near the national middle, Indiana plants can use U.S.-average defaults for rough estimates, then refine against the utility tariff. The bigger lever is usually consumption, not the rate.

Cost to manufacture in Indiana

  • Indiana scores 97.7 on the MFG Calcs State Cost-to-Manufacture Index, where the U.S. is 100: the 20th lowest of 51 (Aug 2026).
  • Its labor factor (manufacturing wages) is 98.2 and its energy factor (industrial electricity) 96.3; the index weighs wages at 75% and electricity at 25% and leaves out taxes, land and incentives.

What factory labor pays in Indiana

  • Industrial production managers: $58.41/hr median in Indiana versus $60.61 nationally (OEWS 2025).
  • Industrial engineers: $46.86/hr median in Indiana versus $49.25 nationally (OEWS 2025).
  • Production supervisors: $35.55/hr median in Indiana versus $35.79 nationally (OEWS 2025).
  • Tool and die makers: $32.72/hr median in Indiana versus $30.79 nationally (OEWS 2025).
  • Industrial machinery mechanics: $30.74/hr median in Indiana versus $31.02 nationally (OEWS 2025).
  • Machinists: $27.79/hr median in Indiana versus $28.24 nationally (OEWS 2025).

Manufacturing jobs in Indiana

  • Indiana had 520,500 manufacturing jobs in Sep 2026, the 7th most of 51 (BLS State and Metro Area Employment, not seasonally adjusted).
  • That is up 0.7% from Sep 2025.

Manufacturing base in Indiana

  • Indiana has 7,938 manufacturing establishments employing about 524,995 workers (Census County Business Patterns, 2023).
  • Average pay per manufacturing employee is $67,136, 8% below the U.S. average of $73,202.
  • Largest sectors by establishment count: fabricated metal products (1,751), machinery manufacturing (714), transportation equipment (626), machine shops (587), food manufacturing (571).

Manufacturing economy in Indiana

  • Manufacturing added $129B to Indiana's economy in 2025, 23.8% of the state's GDP, the 5th largest of the 50 states and DC (BEA).

Sources and update cadence

  • Prices come from the U.S. Energy Information Administration, jobs from the Bureau of Labor Statistics, establishments and payroll from the Census Bureau and GDP from the Bureau of Economic Analysis; each refreshes automatically when the agency publishes, and this page archives every month and year it shows so the Indiana history keeps deepening.

Last reviewed 2026-11-13.