Zip 46237 (Indianapolis, IN) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Indianapolis, Indiana?
$4,050 / month
for a family, 25.0% less expensive than the national average A total of $48,600 for the year for a family.
$3,200 / month
for a single person, 32.9% less expensive than the national average A total of $38,400 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 46237), 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 46237 (Indianapolis, IN)

Housing costs in Indianapolis?
A typical home costs $254,500, which is 24.7% less expensive than the national average of $338,100 and 14.8% more expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Indianapolis costs $1,140 per month, which is 16.3% more than the national average of $980 and 7.9% more than the state average of $1,050.

Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46237), Indiana, a minimum annual income of $48,600 for a family, and $38,400 for a single person is recommended.

What does A.I. say about Indianapolis?
The cost of living in 46237 Indianapolis, IN is relatively inexpensive. Compared to the national average, housing costs are 8% lower and overall living costs are 5% lower. This is great news for those looking to live in or around the area. Additionally, unemployment rates here are about 4% below the national average, making it an attractive place to find jobs and start a career. The median home value in 46237 Indianapolis, IN is $99,000 which makes it very affordable compared to other cities in Indiana and across the United States. Furthermore, transportation costs are also quite low as public transportation options are plentiful and most areas of the city can be easily accessed by car. All things considered, living in 46237 Indianapolis, IN can be both comfortable and affordable for many people looking for a hometown feel with convenient access to amenities.
   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
  94.4  Unlock100.0
    Unlock94.4100.0
  71.8  Unlock100.0
    Unlock$221,600$338,100
  88.8  Unlock100.0
    Unlock85.4100.0
  103.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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