Zip 46240 (Indianapolis, IN) Cost of Living


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How much do I need to live in Indianapolis, Indiana?
$5,010 / month
for a family, 7.2% less expensive than the national average A total of $60,120 for the year for a family.
$3,600 / month
for a single person, 24.5% less expensive than the national average A total of $43,200 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 46240), 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 46240 (Indianapolis, IN)

Housing costs in Indianapolis?
A typical home costs $313,600, which is 7.2% less expensive than the national average of $338,100 and 41.5% more expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Indianapolis costs $1,280 per month, which is 10.5% cheaper than the national average of $1,430 and 23.4% more than the state average of $980.

Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46240), Indiana, a minimum annual income of $60,120 for a family, and $43,200 for a single person is recommended.

What does A.I. say about Indianapolis?
The cost of living in 46240 Indianapolis, IN is relatively affordable compared to other cities in the United States. The median home value in this zip code is approximately $80,000, and rents are estimated to be around $878 per month. Other standard costs like groceries, transportation, and utilities are below average when compared to other major cities across the country. Overall, this zip code offers a good balance between quality of life and affordability for those looking for a place to live.
   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
  98.3  Unlock100.0
    Unlock94.4100.0
  105.6  Unlock100.0
    Unlock$221,600$338,100
  89.8  Unlock100.0
    Unlock85.4100.0
  103.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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