Cost of Living: Indianapolis city (balance), IN vs Kokomo, IN
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 $4,332/mo in Kokomo, IN. In the model, rent is about 16.2% of gross in Indianapolis city (balance), IN versus 13.35% in Kokomo, IN, so Kokomo, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Indianapolis city (balance), IN and Kokomo, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Kokomo, IN
- Lower rent (median 1BR/2BR): Kokomo, IN
- Lower home prices: Kokomo, IN
- Higher median household income: Indianapolis city (balance), IN
Cost of Living Index
Indianapolis city (balance), IN: 100 (U.S. = 100) · Kokomo, IN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Indianapolis city (balance), IN: $1,057/mo (midpoint of 1BR/2BR) · Kokomo, IN: $871/mo
Median rent in Indianapolis city (balance), IN is $186/mo higher than in Kokomo, IN.
Median Home Price
Indianapolis city (balance), IN: $207,000 · Kokomo, IN: $126,500
Median home price in Indianapolis city (balance), IN is $80,500 higher than in Kokomo, IN.
Median Household Income
Indianapolis city (balance), IN: $62,995 · Kokomo, IN: $54,195
Indianapolis city (balance), IN has a higher median household income than Kokomo, IN by $8,800.
Indianapolis city (balance), IN overview · Kokomo, IN overview · Popular comparisons