What Salary Do You Need to Live Comfortably in Indianapolis, IN in 2024?
Overall, on average, a gross annual salary of $58,780 is required for an average quality of life in Indianapolis, IN.
Is the Cost of Living High in Indianapolis, IN?
Indianapolis, IN is ranked 121st out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Indianapolis, IN's average monthly rent is 33% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Indianapolis, IN in 2024?
A gross annual salary of $50,000 in Indianapolis, IN will yield an average annual net salary of $44,357. Considering that the total average annual cost of living in Indianapolis, IN is $43,857, a gross annual salary of $50,000 will be sufficient to cover average living costs.
How Much Should You Pay for Rent in Indianapolis, IN?
The average monthly rent in Indianapolis, IN in the city center is $1,305 for a 1 bedroom apartment, $1,607 for a 2 bedroom apartment and $1,909 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,009 for a 1 bedroom apartment, $1,305 for a 2 bedroom apartment and $1,608 for a 3 bedroom apartment.
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