Cost of Living: Indianapolis city (balance), IN vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Indianapolis city (balance), IN versus $4,227/mo in Chicago, IL. In the model, rent is about 16.2% of gross in Indianapolis city (balance), IN versus 20.28% in Chicago, IL, so Indianapolis city (balance), IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Indianapolis city (balance), IN and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Indianapolis city (balance), IN
- Lower home prices: Chicago, IL
- Higher median household income: Indianapolis city (balance), IN
Cost of Living Index
Indianapolis city (balance), IN: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Indianapolis city (balance), IN, so a given salary generally stretches further there.
Median Rent
Indianapolis city (balance), IN: $1,057/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $266/mo higher than in Indianapolis city (balance), IN.
Median Home Price
Indianapolis city (balance), IN: $207,000 · Chicago, IL: $147,800
Median home price in Indianapolis city (balance), IN is $59,200 higher than in Chicago, IL.
Median Household Income
Indianapolis city (balance), IN: $62,995 · Chicago, IL: $56,815
Indianapolis city (balance), IN has a higher median household income than Chicago, IL by $6,180.
Indianapolis city (balance), IN overview · Chicago, IL overview · Popular comparisons