Cost of Living / Indianapolis, IN Metro
Cost of Living in Indianapolis, IN Metro
Official metro name: Indianapolis-Carmel-Anderson, IN Metro Area
Indianapolis, IN Metro has a population of 2,109,957. Median household income is $73,571 and median rent is $1,081 per month. Rent is roughly 17.6% of median monthly income.
State: INPopulation: 2,109,957Income: $73,571Rent: $1,081Affordability: Affordable (17.6%)
Median Household Income
$73,571
Annual (ACS median)
Median Rent
$1,081
Monthly (ACS median gross rent)
Rent as % of Income
17.6%
rent ÷ (income/12)
Cost Index
98
Simplified relative index
Is Indianapolis, IN Metro expensive?
Based on median rent and income, Indianapolis, IN Metro has a Affordable rent burden. Median rent is $1,081, which is about 17.6% of median monthly household income.
Average rent in Indianapolis, IN Metro
Median rent (ACS) is $1,081 per month. (Neighborhoods vary widely.)
How much income do you need in Indianapolis, IN Metro?
Median household income (ACS) is $73,571 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in IN
Compare Indianapolis, IN Metro with nearby metros:
- Indianapolis, IN Metro vs Fort Wayne, IN Metro
- Indianapolis, IN Metro vs South Bend–Mishawaka, IN Metro
- Indianapolis, IN Metro vs Evansville, IN Metro
- Indianapolis, IN Metro vs Lafayette–West Lafayette, IN Metro
- Indianapolis, IN Metro vs Elkhart–Goshen, IN Metro
- Indianapolis, IN Metro vs Terre Haute, IN Metro
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.