What Are the Everyday Living Costs in Indianapolis, IN in 2024?
The average monthly cost of living in Indianapolis, IN is $3,655, which is 19% lower than the U.S. average ($4,521). The average monthly cost of rent is $1,416, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,238 per month.
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 as one of the cheaper cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,416
Utilities
$405
Transportation
$141
Groceries
$700
Other
$993
Total
$3,655
What Are the Everyday Living Costs in Indianapolis, IN in 2024?
The average monthly cost of living in Indianapolis, IN for singles is $2,424, which is 18% lower than the U.S. average ($2,956). The average monthly cost of rent for singles is $920, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,504 per month.
Indianapolis, IN is ranked 116th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the cheaper cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$920
Utilities
$231
Transportation
$69
Groceries
$333
Other
$871
Total
$2,424
What Are the Everyday Living Costs in Indianapolis, IN in 2024?
The average monthly cost of living in Indianapolis, IN for couples is $3,626, which is 20% lower than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,426, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,200 per month.
Indianapolis, IN is ranked 123rd out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the cheaper cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,426
Utilities
$399
Transportation
$139
Groceries
$667
Other
$996
Total
$3,627
What Are the Everyday Living Costs in Indianapolis, IN in 2024?
The average monthly cost of living in Indianapolis, IN for single parents is $3,574, which is 14% lower than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,426, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,148 per month.
Indianapolis, IN is ranked 127th out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the cheaper cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,426
Utilities
$391
Transportation
$126
Groceries
$641
Other
$991
Total
$3,575
What Are the Everyday Living Costs in Indianapolis, IN in 2024?
The average monthly cost of living in Indianapolis, IN for families is $4,994, which is 22% lower than the U.S. average ($6,392). The average monthly cost of rent for families is $1,894, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,100 per month.
Indianapolis, IN is ranked 123rd out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the cheaper cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$1,894
Utilities
$598
Transportation
$229
Groceries
$1,159
Other
$1,114
Total
$4,994
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.
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.