Based upon my own observations, conversations with others as well as conversations with the consulting firm recruiters the Indianapolis IT Market is superb for SQL Server Developers and DBAs and .NET Developers. This status appears to be maintaining fairly well from 2007.
Many of the recruiters are saying that there are more opportunities in the market than there are people to fill them. The trick is that they are looking for experienced developers and DBAs... and on the DBA side of the fence it seems like the desired role is DBA/Developer rather than strictly a DBA.
There are some who may disagree, but it really gets down to the level of experience, reputation and your level of involvement in the community. The old saying of "It's not what you know but who you know" definately applies; Although, I would add "It's what you know that keeps you there."