Cost of Living in Indianapolis, IN
2024 data from the Bureau of Economic Analysis
Cost Index
95.7
4.3% below avg
Housing Index
88.9
Median Income
$73,571
Median Rent
$1,081/mo
Cost Breakdown
Overall95.7 (-4.3%)
Housing88.9 (-11.1%)
Goods94.3 (-5.7%)
Utilities86.4 (-13.6%)
Other Services99.1 (-0.9%)
National average = 100
Income & Housing
Median Household Income
$73,571/year
Median Home Value
$223,300
Median Monthly Rent
$1,081/mo
Per Capita Income
$40,445/year
Compare Indianapolis, IN With
Indianapolis, IN vs Helena, MTIndianapolis, IN vs Syracuse, NYIndianapolis, IN vs Salisbury, MDIndianapolis, IN vs Midland, TXIndianapolis, IN vs Buffalo, NYIndianapolis, IN vs Albuquerque, NMIndianapolis, IN vs Grand Rapids, MIIndianapolis, IN vs Yakima, WAIndianapolis, IN vs Grand Junction, COIndianapolis, IN vs Columbus, OH
Frequently Asked Questions
Is Indianapolis, IN expensive to live in?
Indianapolis, IN has a cost of living index of 95.7, which is 4.3% below the national average.
How much does housing cost in Indianapolis, IN?
Housing costs in Indianapolis, IN are indexed at 88.9 compared to the national average of 100. The median monthly rent is $1,081.
What is the average income in Indianapolis, IN?
The median household income in Indianapolis, IN is $73,571 per year.
What is the average home price in Indianapolis, IN?
The median home value in Indianapolis, IN is $223,300.