Cost of Living: Indianapolis city (balance), IN vs Valparaiso, 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 Valparaiso, IN. In the model, rent is about 16.2% of gross in Indianapolis city (balance), IN versus 16.65% in Valparaiso, IN, 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 Valparaiso, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Valparaiso, IN
- Lower rent (median 1BR/2BR): Indianapolis city (balance), IN
- Lower home prices: Indianapolis city (balance), IN
- Higher median household income: Valparaiso, IN
Cost of Living Index
Indianapolis city (balance), IN: 100 (U.S. = 100) · Valparaiso, 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) · Valparaiso, IN: $1,085/mo
Median rent in Valparaiso, IN is $28/mo higher than in Indianapolis city (balance), IN.
Median Home Price
Indianapolis city (balance), IN: $207,000 · Valparaiso, IN: $250,500
Median home price in Valparaiso, IN is $43,500 higher than in Indianapolis city (balance), IN.
Median Household Income
Indianapolis city (balance), IN: $62,995 · Valparaiso, IN: $67,664
Valparaiso, IN has a higher median household income than Indianapolis city (balance), IN by $4,669.
Indianapolis city (balance), IN overview · Valparaiso, IN overview · Popular comparisons