Indianapolis cost of living is 83.5
| COST OF LIVING | Indianapolis | Indiana |
|---|---|---|
| Health | 86.8 | 82.2 |
| Housing | 61.9 | 61.7 |
| Median Home Cost | $183,000 | $186,100 |
| Utilities | 90.2 | 97.2 |
Contents
Is Indianapolis expensive to live in?
Indianapolis, Indiana’s cost of living is 8% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
How much money do you need to live 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 a cheap place to live?
But this Indiana city is an even cheaper place to live.The Circle City is No. 12 nationally for most affordable housing costs, according to SmartAsset.com. Indy also ranks among the best for its closing costs and property taxes in the new survey of more than 150 U.S. cities.
What is a good salary in Indianapolis?
Wages above this are outliers. $1,659 is the 90th percentile. Wages above this are outliers.
Is Indianapolis a safe place to live?
Is Indianapolis a safe place to live? Indianapolis is safer than 1% of Indiana cities and 2% of other U.S. cities. Though the city has a slightly higher crime rate, there are many safe neighborhoods and suburbs throughout the Indianapolis metro with lower crime rates.
Is Indianapolis a nice 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 it cheaper to live in Indiana or Tennessee?
The cost of living in Nashville, TN is 0.8% higher than in Indianapolis, IN. You would have to earn a salary of $60,453 to maintain your current standard of living. Employers in Nashville, TN typically pay -4.5% less than employers in Indianapolis, IN.
Is Indiana cheap to live?
With an overall cost of living index of 90.4, Indiana comes in at number ten for most affordable cost of living in the U.S, but that definitely doesn’t mean it’s expensive!The median price for a house in the Hoosier State is $142,600, while $662 is the average monthly rent for a one-bedroom apartment.
Can you live in Indianapolis without a car?
Traditional public transportation is scarce, but you don’t need a car.Downtown Indianapolis is extremely walkable, but it also has some unique methods of transportation. You’ll find several bike-shares located throughout downtown Indy that you can rent.
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 is the cheapest state to buy a house?
- Mississippi. Mississippi is the cheapest state to buy a home in with a median home value of $114,500.
- West Virginia. West Virginia is the second-cheapest state to buy a home.
- Arkansas. Arkansas’s median home value is about $123,300, the third-lowest in the country.
- Oklahoma.
- Kentucky.
- Indiana.
- Alabama.
- Ohio.
What is the cheapest city in Indiana to live in?
3 Indiana cities make ‘cheapest places to live’ list, 1 tops it
- Terre Haute. Terre Haute made the list in 14th place.
- Lafayette – West Lafayette. Cheap goods and services and a college town to boot!
- Elkhart – Goshen. The Elkhart – Goshen area actually came in No.
Is Indiana a poor state?
Similar to its individual high poverty ranking, Indiana continues to be ranked the fifth-highest state in the region by the number of tracts with high child poverty between 1980 and 2016. However, it ranks third in the percentage of tracts with high child poverty.
Is $17 an hour good?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
Is $27 an hour good pay?
Comparison Table Of $27 An Hour
| $27 An Hour | Total Income |
|---|---|
| Yearly (262 Work Days) | $56,592 |
| Monthly (175 Hours) | $4,725 |
| Weekly (40 Hours) | $1,080 |
| Daily (8 Hours) | $216 |
Is Indianapolis safer than Chicago?
For the first time in history, Indianapolis appears to have surpassed Chicago as the most violent city in the Midwest. In a news conference, Indianapolis Mayor Joe Hogsett called Indianapolis an “extraordinarily safe city” and labeled the problem one of “gun violence.”
What part of Indianapolis is bad?
East 34 St. and Sutherland Ave. According to Neighborhood Scout, a website that ranks the most dangerous neighborhoods in America, this area of Indy has a violent crime rate of 83.5 per 1,000 people. That means you have a 1 in 12 chance of becoming a victim.
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.
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.
What is the minimum wage in Indiana?
$7.25 an
What is the minimum wage in Indiana in 2022? The Indiana minimum wage is $7.25 an hour, the same as the federal minimum wage. Employers that have two or more employees must follow this minimum wage.
