Cost of Living in Indianapolis, IN
| Cost of Living in Indianapolis, IN | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 3% higher | 17% lower |
| Utilities (Monthly) | 3% higher | 7% higher |
| Food | 2% higher | 2% lower |
| Healthcare | 11% lower | 12% lower |
| Transportation | 3% lower | 6% lower |
| Goods & Services | 2% higher | 4% lower |
The cost of living in Indianapolis, IN is 2% higher than the state average and 7% lower than the national average. Indianapolis, IN housing is 17% cheaper than the U.S average, while utilities are about 7% pricier. When it comes to basic necessities such as food and clothing, groceries are around 4% less in Indianapolis, IN than in the rest of the country, while clothing costs around 4% less .
Healthcare services such as doctor check-ups and dentistry cost 12% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 4% cheaper in Indianapolis, IN.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Indianapolis is $1,191, while home prices circle around $346,964.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Indianapolis, energy bills cost around $202.19 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $2.76 in Indianapolis, a dozen eggs go for around $2.79 and a pound of potatoes circles around $3.50.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Indianapolis, an optometry check-up costs around $69.76, while a dentist appointment is priced $101.22 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.58 in Indianapolis, while getting your tires balanced will run you about $51.70.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $43.66 here. Meanwhile, a pair of women's slacks will set you back around $37.12.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Indianapolis, you should budget around $10.32 a month. When it comes to personal services, a haircut usually goes for $18.88, while dry cleaning costs about $13.79.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Indianapolis, the median household income is $54,321.