Median rent is 34% lower in Indianapolis ($1,156/mo vs $1,747/mo). Buying is cheaper in Indianapolis, where the median home runs $224,800 versus $394,100. Households earn more in Orlando ($72,336 vs $66,219 a year). Taken together, Indianapolis is the more affordable choice with a cost index of 94.7 against 101.6 — about 7% lower overall prices.
Cost of living verdict
Indianapolis is 7% cheaper overall
Cost of Living Index: 94.7 in Indianapolis vs 101.6 in Orlando (US national average = 100)
City A
Indianapolis, IN
City B
Orlando, FL
How much would you need to earn in Orlando, FL to maintain your standard of living from Indianapolis, IN?
Equivalent salary in Orlando, FL
$80,499
You'd need $5,499 more (7% higher).
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Indianapolis
Indiana
Orlando
Florida
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Indianapolis — median rent of $1,156/mo versus $1,747/mo in Orlando, a 34% difference. Home buyers face a steeper market in Orlando: the median home is $394,100 versus $224,800 in Indianapolis — 43% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Indianapolis
Income tax: N/A
Sales tax: N/A
Orlando
Income tax: N/A
Sales tax: N/A
Indianapolis has cleaner air on average: 48.0 AQI (Good) compared to 54.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Indianapolis if you prioritize lower overall cost of living (index 94.7 vs 101.6).
Pick Orlando if you prioritize higher median household income ($72,336/yr).
Pick Indianapolis if you prioritize cheaper rent ($1,156/mo median).
Pick Indianapolis if you prioritize cleaner air quality (avg AQI 48.0).
Is Indianapolis cheaper than Orlando?
Indianapolis is cheaper overall, with a cost of living index of 94.7 versus 101.6 (US average = 100). That means prices run about 7% lower in Indianapolis.
How much is rent in Indianapolis vs Orlando?
Median rent is $1,156/mo in Indianapolis, IN and $1,747/mo in Orlando, FL. Indianapolis, IN has the lower rent by about 34%.
Which has higher salaries — Indianapolis or Orlando?
Median household income is $66,219 in Indianapolis, IN and $72,336 in Orlando, FL. Orlando, FL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Indianapolis, IN has better air quality on average: 48.0 AQI versus 54.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Indianapolis or Orlando?
State tax data is not yet available for one or both cities.
What salary do I need in Orlando to match my Indianapolis income?
To maintain the same purchasing power, a salary of $100,000 in Indianapolis, IN is equivalent to roughly $107,332 in Orlando, FL (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
