Discretionary Income in Indianapolis, IN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Indianapolis, IN is ranked 122nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Indianapolis, IN
Gross Salary
$8,333
Taxes
$1,443
Cost of Living
$3,655
Discretionary Income
$3,236
With a gross annual salary of $100,000 in Indianapolis, IN, you would need to deduct approximately $1,443 per month for taxes. Given that the average cost of living in Indianapolis is $3,655, you would have around $3,236 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Indianapolis, IN, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Indianapolis, IN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Indianapolis, IN |
|---|---|
| $30,000 | -$1,374 |
| $40,000 | -$666 |
| $50,000 | $42 |
| $60,000 | $738 |
| $70,000 | $1,362 |
| $80,000 | $1,987 |
| $90,000 | $2,611 |
| $100,000 | $3,236 |
| $110,000 | $3,859 |
| $120,000 | $4,467 |
| $130,000 | $5,075 |
| $140,000 | $5,683 |
| $150,000 | $6,291 |
| $175,000 | $7,811 |
| $200,000 | $9,304 |
| $250,000 | $11,998 |
| $300,000 | $14,579 |
| $350,000 | $17,160 |
| $400,000 | $19,741 |
| $450,000 | $22,323 |
| $500,000 | $24,904 |
Discretionary Income in Indianapolis, IN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Indianapolis, IN is ranked 118th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Indianapolis, IN
Gross Salary
$8,333
Taxes
$1,443
Cost of Living
$2,424
Discretionary Income
$4,466
With a gross annual salary of $100,000 in Indianapolis, IN, a single person would need to deduct approximately $1,443 per month for taxes. Considering the average cost of living in Indianapolis is $2,424, singles would have around $4,466 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Indianapolis, IN, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Indianapolis, IN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Indianapolis, IN |
|---|---|
| $30,000 | -$144 |
| $40,000 | $564 |
| $50,000 | $1,272 |
| $60,000 | $1,968 |
| $70,000 | $2,593 |
| $80,000 | $3,217 |
| $90,000 | $3,842 |
| $100,000 | $4,466 |
| $110,000 | $5,090 |
| $120,000 | $5,698 |
| $130,000 | $6,306 |
| $140,000 | $6,913 |
| $150,000 | $7,521 |
| $175,000 | $9,041 |
| $200,000 | $10,534 |
| $250,000 | $13,228 |
| $300,000 | $15,809 |
| $350,000 | $18,390 |
| $400,000 | $20,972 |
| $450,000 | $23,553 |
| $500,000 | $26,134 |
Discretionary Income in Indianapolis, IN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Indianapolis, IN is ranked 121st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Indianapolis, IN
Gross Salary
$8,333
Taxes
$1,443
Cost of Living
$3,626
Discretionary Income
$3,265
With a gross annual salary of $100,000 in Indianapolis, IN, a couple would need to deduct approximately $1,443 per month for taxes. Considering the average cost of living in Indianapolis is $3,626, couples would have around $3,265 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Indianapolis, IN, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Indianapolis, IN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Indianapolis, IN |
|---|---|
| $30,000 | -$1,345 |
| $40,000 | -$637 |
| $50,000 | $71 |
| $60,000 | $767 |
| $70,000 | $1,391 |
| $80,000 | $2,016 |
| $90,000 | $2,640 |
| $100,000 | $3,265 |
| $110,000 | $3,888 |
| $120,000 | $4,496 |
| $130,000 | $5,104 |
| $140,000 | $5,712 |
| $150,000 | $6,320 |
| $175,000 | $7,840 |
| $200,000 | $9,332 |
| $250,000 | $12,026 |
| $300,000 | $14,608 |
| $350,000 | $17,189 |
| $400,000 | $19,705 |
| $450,000 | $22,203 |
| $500,000 | $24,701 |
Discretionary Income in Indianapolis, IN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Indianapolis, IN is ranked 130th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Indianapolis, IN
Gross Salary
$8,333
Taxes
$1,181
Cost of Living
$3,574
Discretionary Income
$3,578
With a gross annual salary of $100,000 in Indianapolis, IN, a single parent would need to deduct approximately $1,181 per month for taxes. Considering the average cost of living in Indianapolis is $3,574, single parents would have around $3,578 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Indianapolis, IN, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Indianapolis, IN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Indianapolis, IN |
|---|---|
| $30,000 | -$1,227 |
| $40,000 | -$508 |
| $50,000 | $200 |
| $60,000 | $907 |
| $70,000 | $1,615 |
| $80,000 | $2,323 |
| $90,000 | $2,953 |
| $100,000 | $3,578 |
| $110,000 | $4,202 |
| $120,000 | $4,821 |
| $130,000 | $5,429 |
| $140,000 | $6,036 |
| $150,000 | $6,644 |
| $175,000 | $8,164 |
| $200,000 | $9,684 |
| $250,000 | $12,410 |
| $300,000 | $14,996 |
| $350,000 | $17,577 |
| $400,000 | $20,158 |
| $450,000 | $22,740 |
| $500,000 | $25,321 |
Discretionary Income in Indianapolis, IN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Indianapolis, IN is ranked 126th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Indianapolis, IN
Gross Salary
$8,333
Taxes
$941
Cost of Living
$4,994
Discretionary Income
$2,398
With a gross annual salary of $100,000 in Indianapolis, IN, a family would need to deduct approximately $941 per month for taxes. Considering the average cost of living in Indianapolis is $4,994, families would have around $2,398 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Indianapolis, IN, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Indianapolis, IN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Indianapolis, IN |
|---|---|
| $30,000 | -$2,590 |
| $40,000 | -$1,865 |
| $50,000 | -$1,141 |
| $60,000 | -$433 |
| $70,000 | $275 |
| $80,000 | $983 |
| $90,000 | $1,691 |
| $100,000 | $2,398 |
| $110,000 | $3,106 |
| $120,000 | $3,791 |
| $130,000 | $4,415 |
| $140,000 | $5,040 |
| $150,000 | $5,664 |
| $175,000 | $7,226 |
| $200,000 | $8,787 |
| $250,000 | $11,858 |
| $300,000 | $14,897 |
| $350,000 | $17,937 |
| $400,000 | $20,922 |
| $450,000 | $23,629 |
| $500,000 | $26,310 |
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.