What Salary Do You Need to Live in Indianapolis, IN?

To live comfortably in Indianapolis, a household needs to earn roughly $50,000/year. That's about $4,167/month before taxes.

The Number: $50,000/year

At $50,000 per year, a household in Indianapolis can afford median-priced rental housing at roughly 28% of gross income.

This is based on Indianapolis's median monthly rent of $1,219 and the 28% housing guideline. Source: Census ACS 2024.

Indianapolis at a Glance

Median rent$1,219/mo
Median home price$241,500
Median household income$66,900
State income tax3% flat
Sales tax7%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Indianapolis on roughly $35,000/year. That's about $2,917/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Indianapolis

The median monthly rent is $1,219. Using the 30% guideline, you need about $49,000/year to afford this comfortably.

The median home price is $241,500. With a 20% down payment, you would need roughly $48,300 saved and a household income to support the mortgage payments.

The median household income is $66,900/year. Our recommended salary of $50,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.