Living Cost Compare
Indianapolis

Indiana

$1,140/mo est.

vs
Oklahoma City

Oklahoma

$1,030/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,140 in Indianapolis, IN versus $1,030 in Oklahoma City, OK. Overall, Oklahoma City, OK is roughly 10% cheaper to live in day-to-day than Indianapolis, IN, driven mainly by rent.

Median household income is $62,995 in Indianapolis, IN and $66,702 in Oklahoma City, OK — about 6% higher in Oklahoma City, OK. Indiana has a top state income tax rate of 2.95% and a 7% state sales tax; Oklahoma has a top state income tax rate of 4.50% and a 4.5% state sales tax.

Indianapolis, IN
Oklahoma City, OK

Rent

Studio
$933
$795
+15% in Indianapolis, IN
1 Bedroom
$963
$882
+8% in Indianapolis, IN
2 Bedroom
$1,132
$1,085
+4% in Indianapolis, IN
3 Bedroom
$1,304
$1,356
+4% in Oklahoma City, OK

Buying a Home

Median Home Value
$207,000
$215,100
+4% in Oklahoma City, OK

Income

Median Household Income
$62,995
$66,702
+6% in Oklahoma City, OK
Metro Median Wage (annual)
$49,340
$47,230
+4% in Indianapolis, IN

People & Lifestyle

Median Age
34.1 yr
35.0 yr
+0.9 yr in Oklahoma City, OK
Homeownership
55.3%
59.1%
+3.8 pp in Oklahoma City, OK
Bachelor's+ (25+)
34.2%
34.0%
+0.2 pp in Indianapolis, IN
Avg Commute
24.3 min
22.2 min
+2.1 min in Indianapolis, IN

Crime (per 100k/yr)

Violent Crime
936.6
685.6
+27% in Indianapolis, IN
Property Crime
3,351.7
2,928.9
+13% in Indianapolis, IN

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
53.2°F
61.5°F
+8.3°F in Oklahoma City, OK
Annual Precipitation
42.4 in
36.5 in
+5.9 in in Indianapolis, IN

Gas

Regular Gasoline
$4.35/gal
$4.35/gal
about equal

Area: Midwest (PADD 2) vs Midwest (PADD 2).

Public Transit

Base Fare (one-way)
$1.75
$1.75
about equal

Adult base one-way fare — IndyGo vs EMBARK (2026).

Utilities

Electricity (¢/kWh)
17.9
13.6
+24% in Indianapolis, IN
Natural Gas ($/MCF)
$12.49
$15.95
+28% in Oklahoma City, OK

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

Groceries

Milk (gal)
$4.14
$4.16
+1% in Oklahoma City, OK
Bread (lb)
$1.79
$1.73
+3% in Indianapolis, IN
Eggs (doz)
$3.63
$2.19
+40% in Indianapolis, IN
Ground Beef (lb)
$6.97
$6.56
+6% in Indianapolis, IN
Chicken (lb)
$2.15
$1.90
+12% in Indianapolis, IN
Bananas (lb)
$0.63
$0.61
+3% in Indianapolis, IN

Average prices — Midwest vs South (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (IN / OK)
7%
4.5%
+2.5 pp in IN
Income Tax (top rate)
2.95%
4.50%
+1.5 pp in OK

Indianapolis vs Oklahoma City — FAQ

Is it cheaper to live in Indianapolis or Oklahoma City?
Oklahoma City, OK is cheaper. Its monthly baseline of $1,030 (1BR rent + utilities) runs about 10% below Indianapolis, IN's $1,140, mainly because of rent.
How much more do you need to earn to live in Indianapolis than in Oklahoma City?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $39,000 a year in Indianapolis versus $35,000 in Oklahoma City.
Which has lower taxes, Indianapolis or Oklahoma City?
Indianapolis is taxed under Indiana's rules (a top state income tax rate of 2.95% and a 7% state sales tax); Oklahoma City under Oklahoma's (a top state income tax rate of 4.50% and a 4.5% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).