Zip 46278 (Indianapolis, IN) Cost of Living


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How much do I need to live in Indianapolis, Indiana?
$5,760 / month
for a family, 6.7% more expensive than the national average A total of $69,120 for the year for a family.
$3,500 / month
for a single person, 26.6% less expensive than the national average A total of $42,000 for the year for a single person.

Indianapolis cost of living score
85.7
Less expensive
14.3% lower
than the US average
2.4% higher
than the Indiana average
Indianapolis (zip 46278), Indiana gets a BestPlaces Cost of Living score of 85.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.3% lower than the U.S. average and 2.4% lower than the average for Indiana.

Zip 46278 (Indianapolis, IN)

Housing costs in Indianapolis?
A typical home costs $360,400, which is 6.6% more expensive than the national average of $338,100 and 62.6% more expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Indianapolis costs $1,240 per month, which is 26.5% more than the national average of $980 and 15.3% more than the state average of $1,050.

Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46278), Indiana, a minimum annual income of $69,120 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Indianapolis?
The cost of living in 46278 Indianapolis, IN is quite reasonable. Groceries, housing, and utilities are all on the lower end of the national average. A gallon of gas is around $2.10, and a monthly bus pass is only $30. The median home value in this area is $139,000 with the median household income being around $46,000. Renting an apartment in this area will typically cost around $800/month. Although due to the current market many landlords are offering discounts or incentives for new renters. With a moderate cost of living and plenty of amenities within walking distance or short drives away, 46278 Indianapolis, IN is an ideal place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesIndianapolisIndianaUnited States
    Unlock83.7100.0
  99.8  Unlock100.0
    Unlock94.4100.0
  118.5  Unlock100.0
    Unlock$221,600$338,100
  92.1  Unlock100.0
    Unlock85.4100.0
  103.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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