Indianapolis, Indiana has an overall cost of living index of 94.7, which is 5.3 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,156 per month, while the typical home is valued around $224,800. Households earn a median of $66,219 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 48. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$66,219
Median Income / yr
Census ACS
$1,156
Median Rent / mo
Census ACS
$224,800
Median Home Value
Census ACS
94.7
Cost of Living Index
Studio FMR
$1,118
HUD · FY2024
1BR Fair Market Rent
$1,267
HUD · FY2024
2BR Fair Market Rent
$1,473
HUD · FY2024
3BR Fair Market Rent
$1,907
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
94.7
Goods
94.8
Rents / Housing
87.0
Services
85.6
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $112,680 |
| Registered Nurse | $89,290 |
| Elementary Teacher | $61,380 |
| Electrician | $67,730 |
| Accountant | $86,150 |
| Plumber | $69,600 |
| Nurse Practitioner | $322,240 |
| Civil Engineer | $99,880 |
| Operations Manager | $150,240 |
| Market Research Analyst | $75,140 |
| Health Services Manager | $118,750 |
| Truck Driver | $63,870 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $103,900 |
Source: BLS OEWS 2023 (metro-level data)
Population
885,860
Latest estimate
Median Age
34.3 yrs
Census ACS
48.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
40
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,153
Per month
Avg Home Value
$210,634
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 46077 | — | $1,586 | $489,100 |
| ZIP 46107 | — | $984 | $142,800 |
| ZIP 46113 | — | $1,375 | $193,100 |
| ZIP 46163 | — | $1,379 | $289,100 |
| ZIP 46183 | — | — | — |
| ZIP 46201 | — | $895 | $112,200 |
| ZIP 46202 | — | $1,178 | $359,600 |
| ZIP 46203 | — | $978 | $131,900 |
| ZIP 46204 | — | $1,629 | $360,000 |
| ZIP 46205 | — | $1,025 | $251,100 |
Showing top 10 of 40 tracked neighborhoods.
January Avg
28°F
July Avg
76°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
30.9
poor
Hospitals
15
Doctors per 1,000
1.00
Insurance Coverage
91.2%
Indianapolis has a Regional Price Parity (RPP) index of 94.7. The US national average is 100, so Indianapolis is 5.3 points below the national average.
The median gross rent in Indianapolis is $1,156 per month according to US Census ACS data.
The median household income in Indianapolis is $66,219 per year.
The median home value in Indianapolis is $224,800 based on the latest Census ACS survey.
Indianapolis has an average Air Quality Index (AQI) of 48.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for Indiana is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
