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Use the Forbes Advisor cost of living calculator to assess the cost of living in Indianapolis, IN and estimate your housing, transportation, healthcare and other costs.
Sep 25, 2024 · Compare the Cost of Living in Indianapolis, Indiana against another US Cities and States. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities.
NerdWallet's Cost of Living calculator shows you what it costs to live and the quality of life in Indianapolis, IN. We show you the largest costs - housing, gas, food, healthcare - as well as...
Summary of cost of living in Indianapolis, IN, United States: A family of four estimated monthly costs are 3,944.9$ without rent (using our estimator). A single person estimated monthly costs are 1,122.3$ without rent. Indianapolis is 37.3% less expensive than New York (without rent, see our cost of living index).
RestaurantsEditRangeMeal, Inexpensive Restaurant25.00 $12.00 - 35.00Meal for 2 People, Mid-range Restaurant, ...75.00 $50.00 - 100.00McMeal at McDonalds (or Equivalent Combo ...10.00 $9.00 - 15.00Domestic Beer (1 pint draught)6.50 $3.50 - 8.00- Indianapolis Housing Prices
- Indianapolis Food Prices
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- Taxes in Indianapolis
- How Much Do I Need to Earn to Live in Indianapolis?
- Living in Indianapolis
Doing a comparison between housing expenses in Indianapolis and the rest of the country, the city is actually quite affordable. Housing prices are 20 percent below the national average. This aligns with cities like Little Rock, AR, and Grand Rapids, MI, whose costs of housing are pretty similar. Within Indiana, this average is almost identical to S...
A major place your money goes every month is food. Whether going out to lunch for a Reuben, grabbing a Dutch baby (pancake) for breakfast or having a slice of butterscotch pie, going out hits your living cost in one way. Shopping for groceries gets you in another. That said, overall food costs in Indianapolis are 4.8 percent below the national aver...
Don’t forget about utilities when adding up numbers on your cost of living in Indianapolis calculator. Items like electricity, gas, water, internet and even trash can all factor into this category. Overall, Indianapolis utility prices are 4.9 percent above the national average, a 3.5 percent increase over last year. Extremely cold winters and hot, ...
Getting around Indianapolis, whether alone or with your family, means making a choice. Will you use public transportation? Will you take on the expenses of owning cars? Each option is worth considering, especially once you know that overall prices are 7.3 percent below the national average. The biggest of the transportation expenses that come with ...
Healthcare costs are hard to calculate since they’re unique to each person. However, you can estimate the overall cost, and economic research shows that healthcare prices in Indianapolis are 11.2 percent below the national average. This is highly beneficial for those living here who may need to make a few extra trips to the doctor. It may also help...
Other items that belong on your cost of living in Indianapolis balance sheet are goods and services. These are all the items you like to do (or use) every month, but you could live without if you had to cut costs. They include entertainment costs, personal maintenance and more. Overall, prices are 4.9 percent below the national average, but to unde...
The state sales tax rate in Indiana is 7 percent. This is also the rate you’ll pay in Indianapolis as there are no county, city or special taxes tacked onto the state sales tax. So, if you purchase something worth $1,000, you’ll pay $70 extra in sales tax. Like the sales tax rate, Indiana also has a flat income tax rateof 3.23 percent. No matter wh...
The median annual income in Indianapolisis $50,813, but will this average salary make it possible to afford an average apartment? Experts suggest you spend around 30 percent of your income on rent. So, if the standard cost of a one-bedroom is $1,098, you’d need to earn $43,920 at a minimum. This is great news for your cost of living since this numb...
Indianapolis provides its residents with all the large city amenities with a small-town, community feel. It’s a great place to put down roots and raise your family, but you won’t really know what it’s like to live thereuntil you decide to make this new city your home. If you’re comfortable with the cost of living in Indianapolis and believe you can...
Aug 29, 2024 · Indianapolis is a highly affordable city, with a cost of living 7% lower than the average U.S. city. Residents in Indianapolis spend, on average, $4,220 a month to live in the city. How Much Is Rent in Indianapolis? Currently, the median rent in Indianapolis is $1,227 overall.
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Oct 10, 2024 · The average cost of living in Indianapolis is $2187, which is in the top 15% of the most expensive cities in the world, ranked 1397th out of 9294 in our global list, 1219th out of 2202 in the United States and 1st out of 43 in Indiana.
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