Indianapolis, IN cost of living
IN · BLS RPP 92.6
Estimated — not yet source-verified.Estimated — not yet source-verified against official BLS/HUD figures. This page is not indexed. Treat the RPP and FMR values as rough proxies and verify with the BLS or HUD datasets directly before relying on them.
Overall RPP
92.6
US = 100
Housing RPP
86.4
Housing component
Goods RPP
97.8
Goods component
2-BR Rent (HUD)
$1,060/mo
FY2024 FMR
What salary do you need in Indianapolis, IN?
Equivalent salary to maintain the same purchasing power as in a US-average city (RPP 100).
| In US-average city | You need in Indianapolis, IN | Formula |
|---|---|---|
| $50,000 | $46,300 | $50,000 x (92.6/100) |
| $75,000 | $69,450 | $75,000 x (92.6/100) |
| $100,000 | $92,600 | $100,000 x (92.6/100) |
| $125,000 | $115,750 | $125,000 x (92.6/100) |
| $150,000 | $138,900 | $150,000 x (92.6/100) |
| $200,000 | $185,200 | $200,000 x (92.6/100) |
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
State income tax note
Indiana flat income tax 3.15% + county tax.
Frequently asked questions
- What is the cost of living in Indianapolis, IN?
- Indianapolis, IN has a BLS Regional Price Parity of 92.6 (US average = 100). It is 7.4% less expensive than the national average.
- What salary do I need to live in Indianapolis, IN?
- If you earn $100,000 in a US-average city (RPP 100), you would need approximately $92,600 in Indianapolis, IN to maintain the same purchasing power.
- What is the average rent in Indianapolis, IN?
- The HUD Fair Market Rent for a 2-bedroom in Indianapolis, IN is approximately $1,060 per month as of FY2024.
Compare with other cities
Buying a home in Indianapolis, IN? See closing costs at TallyClose.