Cost of Living in Indianapolis city (balance), IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.7
100 = national avg
+3.7 vs national average
Living Wage (1 Adult)
$45,620
per year
Living Wage (Family of 4)
$107,829
per year
Cost Index by Category
Housing114.4
Food98.1
Transportation96.3
Healthcare98.5
Utilities101.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Indianapolis city (balance) is 103.7, which is 3.7% above the national average. Housing costs are above the national average at an index of 114.4. A single adult needs to earn approximately $45,620 per year to cover basic expenses.