Cost of living and prices in Indianapolis, prices of food, rent, shopping, etc. 🇺🇸
Updated Jul 2023
Looking for a city with a low cost of living? Consider Indianapolis, located in Northern America and boasting a population of 863,002 people. This vibrant city sits at an elevation of 248 meters above sea level and operates on the America/Indiana/Indianapolis time zone, GMT: -5.0.
But Indianapolis is more than just an affordable place to live. The city is also home to a thriving arts and culture scene, with world-class museums, galleries, and performing arts venues. Sports fans will love the city's love for basketball, football, and auto racing, while nature enthusiasts can enjoy a range of outdoor activities at nearby parks and nature reserves. Come experience all that Indianapolis has to offer!
If you're looking to relocate to a place where your money goes further, consider Indianapolis. With affordable housing prices, a low cost of living, and plenty of job opportunities in a variety of industries, Indianapolis is a great place to call home. Plus, the city's community is warm and welcoming, making it easy to make new friends and explore all that the area has to offer. Come see why Indianapolis is a great option for those looking for affordability and quality of life.
Cost of Living Estimate in Indianapolis
You can calculate cost of living in Indianapolis by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Restaurants prices
If you are a foodie or just enjoy trying new and exciting restaurants, Indianapolis has plenty of options for you to choose from. For a unique experience, try Milktooth - a brunch cafe that adds a modern twist to classic breakfast dishes. If you are looking for something more traditional, visit St. Elmo Steak House - a legendary downtown restaurant famous for its signature shrimp cocktail and mouthwatering steaks.
For a more relaxed atmosphere, head to Mass Ave - a trendy area filled with bars and restaurants. Here you will find a wide variety of cuisines from all over the world, such as Greek, Thai, and Italian. For something truly one-of-a-kind, visit the Tamale Place. This small Mexican restaurant serves some of the best tamales you will ever taste, with unique flavor combinations and sauces made from scratch.
Markets prices
Indianapolis, the capital of Indiana and the seventeenth largest city in the United States, has a diverse and competitive market. The cost of living in Indianapolis is lower than the national average, making it an affordable place to live and work. Housing prices are relatively low compared to other major cities, and there are plenty of options for affordable rentals and home ownership. Additionally, food and entertainment options are varied and accessible, with plenty of local restaurants and venues to choose from.
Like many cities across the country, Indianapolis has seen fluctuations in its job market due to the COVID-19 pandemic. However, the city's robust healthcare and life sciences industries have continued to grow, attracting talent and investment. Meanwhile, increasing demand for tech jobs has spurred growth in the city's tech sector. Whether you're looking for a new job or simply shopping for groceries, Indianapolis offers a vibrant and competitive market with plenty of options to suit any budget or lifestyle.
Transportation prices
One of the most popular transportation options in Indianapolis is the Indianapolis Public Transportation Corporation, or IndyGo. Their bus system spans 38 routes throughout the city, making it easy and convenient for travelers to explore various destinations. Visitors can purchase one-day or three-day passes, making it an affordable option for those on a budget. IndyGo also offers the Red Line, a bus rapid transit service, which provides a faster and more efficient way to travel to popular attractions such as Broad Ripple and downtown Indianapolis.
In addition to IndyGo, visitors can explore the city on two wheels by utilizing the Indianapolis Cultural Trail. This eight-mile urban bike and pedestrian path connects neighborhoods, cultural districts, and entertainment amenities throughout downtown Indianapolis. Rent-a-bikes and e-scooters can be found throughout the trail, making it easy to hop on and off to visit popular attractions such as the Indianapolis Zoo, White River State Park, and various museums. This option provides a unique and active way to experience the city while taking in the beautiful sights and sounds.
Utilities Per Month prices
When traveling to Indianapolis, it's important to budget for utilities costs. Overall, the cost of utilities in Indianapolis is relatively affordable compared to other major cities in the United States. The cost of electricity, for example, is lower than the national average. However, the cost of water and sewage can be higher than in other cities due to aging infrastructure that requires repairs and upgrades.
If you're planning on staying in a hotel during your visit to Indianapolis, keep in mind that many hotels charge an additional fee for utilities such as electricity and water. These fees can vary depending on the hotel, so it's important to check with your hotel before booking to avoid any unexpected costs. Additionally, if you're planning on renting an apartment or house, be sure to ask about the average monthly cost of utilities in that area to make sure it fits within your budget.
Sports And Leisure prices
Indianapolis is a great city for sports enthusiasts with its abundant options, from basketball and football to baseball and racing. The famous Indianapolis Motor Speedway is the home of the legendary Indy 500 race, which is held every year in the last weekend of May. Sports fans can also catch a game at Lucas Oil Stadium, where the Indianapolis Colts play NFL football, or at Victory Field, where minor league baseball team the Indianapolis Indians play. In addition, the NCAA Hall of Champions offers visitors a chance to explore the history of college athletics and learn about the championships, notable players, and coaches that have made the NCAA so influential in American sports.
For those looking for leisurely activities in Indianapolis, there are plenty of options as well. The city is home to several beautiful public parks, such as White River State Park, which features a canal walk and various attractions including the Indianapolis Zoo, the Indiana State Museum, and the Eiteljorg Museum of American Indians and Western Art. The Indianapolis Cultural Trail is a dedicated pedestrian and bicycle path connecting neighborhoods, cultural districts, and entertainment amenities, making it a popular spot for walking, biking, and taking in the city's sights. There are also multiple golf courses, spas, and world-class restaurants in the city, making Indianapolis a great destination for anyone seeking to relax and unwind.
Salaries And Financing prices
When it comes to salaries and financing in Indianapolis, there is good news for travelers - the cost of living in Indianapolis is relatively low, making it an affordable destination. Additionally, the city has a strong job market, with opportunities in a variety of industries. Whether you are looking for a full-time job or a temporary position, there are many options available in Indianapolis.
Another benefit of visiting Indianapolis is the city's active and supportive entrepreneurial community. If you are interested in starting your own business, there are a number of resources available to help you get started, including access to funding and mentorship programs. Whether you are looking to launch a small business or a tech startup, you can find the support you need in Indianapolis.
Childcare prices
Childcare prices in Indianapolis can vary greatly depending on the type of childcare you are looking for and the location. If you are searching for a traditional school-based program, expect to pay more than a home-based daycare. Additionally, Kindergarten programs may be more expensive than pre-K programs, as they often require licensed teachers and more structured curriculum. Despite the potential variance in pricing, parents in Indianapolis can find quality childcare options that meet their budget and needs.
When it comes to schools and Kindergartens in Indianapolis, parents have a plethora of options. From public to private, religious to Montessori, each school has its own unique approach to childcare and education. It's important for parents to research and tour potential schools to determine the best fit for their child. Some schools may focus more on traditional academics while others may focus on social-emotional development or hands-on learning. No matter the approach, Indianapolis offers a range of schools and Kindergartens to fit every family's preferences and needs.
Clothing And Shoes prices
If you are looking for amazing deals on clothing and shoes in Indianapolis, you're in luck! There are plenty of stores throughout the city that offer a fantastic selection of stylish apparel and footwear at affordable prices. From trendy boutiques and upscale department stores to discount retailers and thrift shops, there's something for every budget and style. Whether you're searching for designer brands or budget-friendly finds, Indianapolis has got you covered.
For those who prefer to shop indoors, Indianapolis is home to a number of shopping malls and centers that offer a wide range of clothing and shoe options. Many of these shopping destinations feature high-end boutiques, department stores, and specialty shops that cater to a variety of tastes and styles. Alternatively, those who prefer to browse for unique or one-of-a-kind items can explore the many independent shops and vintage stores scattered throughout the city. These stores often offer a more personalized shopping experience and showcase local designers and artisans. Whatever your style or budget, there are plenty of options to choose from when it comes to clothing and shoes in Indianapolis.
Rent Per Month prices
Short-term rent and stay options in Indianapolis come in a great variety, catering to the needs and budgets of different types of travelers. From luxury apartments to modest rooms in shared houses or hostels, you can find the accommodation that suits your taste and pocket. Many rentals in Indianapolis offer flexible lease terms, allowing you to book for a few days or weeks, with the option to extend your stay if needed. Whatever you choose, you're likely to enjoy the convenience of furnished lodgings, equipped with all essential amenities and located in central areas near major attractions and transportation hubs.
The cost of short-term rent and stay options in Indianapolis depends on the type and location of the rental, as well as the duration of your stay. On average, prices are comparable to other US cities of similar size, but may vary significantly depending on seasonal demand, special events, and other factors. If you're looking for cheap short-term accommodation, you may consider sharing a room or staying in a hostel, which can be very affordable. However, if you're willing to spend more, you can find upscale furnished apartments or trendy lofts with a range of amenities, such as fitness centers, swimming pools, and business lounges.
Buy Apartment prices
Indianapolis is becoming one of the hottest real estate markets in the U.S. With a lower cost of living compared to many other larger cities, Indianapolis is an attractive option for those looking to buy a home. There are options for single-family homes, townhouses, and condos in various neighborhoods throughout the city. Prices are rising, but there are still affordable options for home buyers looking to invest in the market.
Investing in rental properties has become increasingly popular in Indianapolis due to the city's growing population and job market. With a significant increase in renters, demand for rental properties has led to an increase in pricing for investment properties. However, this has also led to a higher return on investment for those who choose to invest in Indianapolis properties.