Chicago vs Indianapolis: Cost of Living
20%
Chicago is about 20% more expensive than Indianapolis overall.
How Chicago Compares to Indianapolis
Category by category
Renting
▲ 22%
Buying
▲ 41%
Goods
▲ 10%
Services
▲ 28%
Key Facts
| Chicago | Indianapolis | |
|---|---|---|
| Median Rent | $1,486/mo | $1,219/mo |
| Median Home | $341,200 | $241,500 |
| Median Income | $80,613 | $66,900 |
| State Income Tax | 4.95% flat | 3% flat |
| Sales Tax | 10.25% | 7% |
Housing: The Biggest Difference
Indianapolis has the lower median home price by $99,700. Monthly rent is $267/month cheaper in Indianapolis.
Chicago vs Indianapolis FAQ
Rent is $267/month cheaper in Indianapolis. Chicago's median rent is $1,486/month, while Indianapolis's is $1,219/month. Source: Census ACS 2024.
Indianapolis has the lower median home price at $241,500, saving $99,700 compared to Chicago. Source: Census ACS 2024.