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Home » United States » Where does Indianapolis rank in cost of living?

Where does Indianapolis rank in cost of living?

December 14, 2021 by Sadie Daniel

An amount below 100 means Indiana is cheaper than the US average. A cost of living index above 100 means Indiana, Indiana is more expensive.
Indiana cost of living is 82.1.

COST OF LIVING Indiana United States
Overall 82.1 100
Grocery 92.9 100
Health 82.2 100
Housing 61.7 100

Contents

Is Indianapolis an expensive place to live?

1 While smaller towns and cities typically provide a cheaper lifestyle than big cities, Indianapolis, Indiana’s capital city, is one of the most affordable cities in the country.

How much does it cost to live comfortably in Indianapolis?

The study says you need to earn $46,016 a year to have enough money for needs and wants. However, the median income for the city is $42,076, a shortfall of $3,940. It’s important to note that the study’s calculation does not include taxes.

Is Indianapolis in a good place to live?

The People of Indianapolis
Indianapolis is a very family-friendly place, and it has a growing millennial/generation z population. Nearly 66% of the population in Indianapolis live in family households, and more than 35% of the residents are under the age of 25.”It’s a great place to raise a family.

Is Indiana a cheap state to live in?

Indiana
Rounding out the top ten cheapest U.S. states is Indiana. Indiana’s living index cost is 90.4, meaning that the overall cost of living is 9.6% less than the national average. Indiana’s housing index is low at 76.5. A two-bedroom apartment is around $750 a month, and the average home value is about $169,156.

What is the cheapest state to buy a house?

  1. Mississippi. Mississippi is the cheapest state to buy a home in with a median home value of $114,500.
  2. West Virginia. West Virginia is the second-cheapest state to buy a home.
  3. Arkansas. Arkansas’s median home value is about $123,300, the third-lowest in the country.
  4. Oklahoma.
  5. Kentucky.
  6. Indiana.
  7. Alabama.
  8. Ohio.
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What state has the cheapest cost of living?

States with the Lowest Cost of Living

  1. Mississippi. Mississippi has the lowest cost out of living of all 50 states.
  2. Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
  3. Arkansas. The state with the third-lowest cost of living in Arkansas.
  4. Kansas.
  5. Missouri.
  6. Georgia.
  7. Alabama.
  8. New Mexico.

What is a good salary in Indianapolis?

Wages above this are outliers. $1,659 is the 90th percentile. Wages above this are outliers.

What is middle class income in Indiana?

Popular Articles

State Middle-class income Median household income
Iowa $43,997 $61,691
Ohio $43,949 $58,642
Kentucky $43,747 $52,295
Indiana $43,310 $57,603

How much cheaper is it to live in Indiana than Illinois?

Comparison Highlights

Cost of Living Indexes Indianapolis, IN Chicago, IL
Overall Index: Homeowner, No Child care, Taxes Not Considered 84.9 107.4
Food & Groceries 93.6 97.2
Housing (Homeowner) 61.9 99.1
Median Home Cost $183,000 $291,200

What’s bad about Indianapolis?

Crime rates can be a touchy subject, and from a quick glance, they can look pretty bad in Indianapolis. The violent crime rate and property crime rate in Indy are higher than the national average.Every little ‘nearly-crimeless-population-of-10,000’ town is on this list, bringing the score of Indianapolis down.

How depressing is Indiana?

The state ranked a depressing 49 out of 50 on our social relationships rank; only Rhode Island was lonelier. We also straggled along at No. 47 for purpose and No. 44 for physical.

Where should I not live in Indianapolis?

Major airports, of which the Indianapolis metro area has 1, always look like high-crime locations due to the large number of people and the low population nearby. Parks and designated recreational areas, of which the Indianapolis metro area has 308, have the same problem.

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Which state has highest cost of living?

Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.

What is the safest state to live in?

Safest States in the U.S.

  1. Maine. With a score of 66.02, Maine is the safest U.S. state.
  2. Vermont. Vermont is the second-safest state in the U.S., with a score of 65.48.
  3. Minnesota. Minnesota is the third-safest state in the U.S. Minnesota’s total score is 62.42.
  4. Utah.
  5. Wyoming.
  6. Iowa.
  7. Massachusetts.
  8. New Hampshire.

What is the safest and cheapest state to live in?

10 best states to live in, based on cost, safety and quality of life

  • New York. Total score: 61.63.
  • Idaho. Total score: 61.16.
  • Minnesota. Total score: 60.97.
  • Wisconsin. Total score: 60.94.
  • Utah. Total score: 59.84.
  • New Hampshire. Total score: 59.59.
  • Iowa. Total score: 59.49.
  • Pennsylvania. Total score: 59.21.

What state can you buy a big house for cheap?

The 10 states with the most affordable mansions

  • South Dakota.
  • Indiana.
  • West Virginia.
  • Alabama.
  • Tennessee. Malcolm MacGregor | Flickr | Getty Images.
  • Michigan. Trulia.
  • Wisconsin. Whistling Straits course, Destination Kohler, Sheboygan, Wisconsin.
  • Kansas. University of Kansas.

What state has the lowest property taxes?

Hawaii
Hawaii has the lowest effective property tax rate at 0.30%, while New Jersey has the highest at 2.21%. Several other states have property tax rates under 1%, many of which are located in the South.

What states have the lowest rent?

Top 5 Cheapest States to Live In for Renters, by Median Rent

  • West Virginia – $800.
  • Indiana – $862.
  • Iowa – $892.
  • Arkansas – $934.
  • Wisconsin – $954.
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What is the best state to live in 2021?

The 10 Best States to Live in the U.S.

  • New Jersey.
  • Massachusetts.
  • New York.
  • Idaho.
  • Minnesota.
  • Wisconsin.
  • Utah.
  • New Hampshire.

What is the best state to live in financially?

Full Ranking of All 50 States

Rank State Median Income
1 Wyoming $40,240
2 Washington $46,100
3 Texas $37,100
4 Minnesota $42,630

Filed Under: United States Tagged With: Indiana, Indianapolis

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About Sadie Daniel

Sadie Daniel is an adventurer at heart. She loves to travel and explore new places. Her thirst for adventure has taken her all over the world, and she's always looking for her next big thrill. Sadie is also a lover of animals, and has been known to rescue stray cats and dogs in her neighborhood. She is a kind-hearted person who enjoys helping others, and she would do anything for her family and friends.

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