Cost of Living in Indianapolis, IN

Population 887,642 · Indiana

Compare with:

Median Rent

Studio

$933

1 Bedroom

$963

2 Bedroom

$1,132

3 Bedroom

$1,304

Buying a Home

Median Home Value

$207,000

Income

Median Household Income

$62,995

Metro Median Wage (annual)

$49,340

Household income: Census ACS, city. Metro median wage: BLS OEWS, all occupations, 2025 (metro area).

The People & Lifestyle

Median Age

34.1 yrs

Homeownership

55.3%

Bachelor's+ (25+)

34.2%

Avg Commute

24.3 min

Crime

Violent Crime (per 100k/yr)

936.6

Property Crime (per 100k/yr)

3,351.7

FBI Crime Data Explorer, Indianapolis Police Department (2024). Offenses per 100,000 residents per year. Agency reporting practices vary, so cross-city comparisons are approximate.

Climate

Avg Annual Temperature

53.2°F

Annual Precipitation

42.4 in

Gas

Regular Gasoline (Midwest (PADD 2))

$4.35/gal

EIA weekly retail average, week of 2026-05-25.

Public Transit

Base Fare (IndyGo)

$1.75

Adult base one-way fare on the primary agency (2026).

Utilities

Electricity

17.9¢/kWh

Natural Gas

$12.49/MCF

Residential, state-level averages (EIA, 2026-03-01). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.14

Bread (lb)

$1.79

Eggs (doz)

$3.63

Ground Beef (lb)

$6.97

Chicken (lb)

$2.15

Bananas (lb)

$0.63

Average prices, Midwest (BLS, 2026-04-01). Regional where available, otherwise U.S. average.

State Taxes (IN)

State Sales Tax

State Income Tax (top rate)

Up to 2.95%

State-level rates. Local sales taxes may add more. Income tax shown is the top marginal rate; most filers pay less.

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981-2010 (climate); EIA (gas, utilities); BLS Average Price Data (groceries) & OEWS (metro wage); transit agencies (fares); FBI Crime Data Explorer (crime); Tax Foundation 2026 (state taxes).