Cost of Living in Indianapolis, IN
Indianapolis has a cost of living index of 90 (100 = national average), making it more affordable than the national average. The median household income is $50,272 and the median home price is $240,000.
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Indianapolis at a Glance
Population
887,642
Cost of Living Index
90
Median Income
$50,272
Median Home Price
$240,000
Property Tax Rate
0.85%
Sales Tax Rate
7.00%
Rent Index
82
State
Indiana
Living in Indianapolis
Indianapolis offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $240,000 is well within reach for many families.
The combined sales tax rate in Indianapolis is 7.00%, and the effective property tax rate is 0.85%. Property taxes are close to the national average.