Is Indianapolis expensive to live in?
Median income: $51,225. Median rent: $1,000. Median home price: $225,000.
Relocation guide · Indiana
Moving to Indianapolis, IN
Indianapolis, IN city guide. Population is 887,642. Median household income is $51,225. Median rent is $1,000.
Median Rent
$1,000/mo
Median Income
$51,225
State Tax
3.15%
Population
887,642
Cost of living
What you'll spend in Indianapolis
Median income: $51,225. Median rent: $1,000. Median home price: $225,000.
Median Rent/mo
$1,000
Median Home Price
$225,000
Median Income
$51,225
Rent-to-Income
23%
Taxes
Your tax situation in Indiana
State tax rate: 3.15%. Local tax rate: 7%.
State Income Tax
3.15%
Local Tax Rate
7.00%
Climate
Weather in Indianapolis
Average high: 62°F. Average low: 42°F. Annual rainfall: 42 inches. Sunny days: 186.
Avg High Temp
62°F
Avg Low Temp
42°F
Sunny Days/yr
186
Annual Rainfall
42"
Relocation checklist
Before you move to Indianapolis
Use this checklist to stay organized during your move.
- ✓Research neighborhoods and commute routes
- ✓Compare rent vs buying based on your timeline
- ✓Check state income tax impact on your salary
- ✓Verify employer presence or remote work infrastructure
- ✓Review health insurance and healthcare options
- ✓Update driver's license and vehicle registration
- ✓Transfer voter registration to new state
- ✓Find a local bank or update your address
- ✓Research school districts if moving with children
- ✓Get quotes from at least 3 moving companies
Considering other cities?
Compare Indianapolis with similar cities
Frequently asked questions about moving to Indianapolis
What is the average rent in Indianapolis?
The median rent in Indianapolis is $1,000/month. Median home price is $225,000. Many newcomers rent for the first year to learn the neighborhoods before buying.
Does Indiana have a state income tax?
State tax rate: 3.15%. Local tax rate: 7%.
What is Indianapolis known for?
Indianapolis, IN city guide. Population is 887,642. Median household income is $51,225. Median rent is $1,000.
What should I know before moving to Indianapolis?
Research neighborhoods carefully — Indianapolis has significant variation in cost and lifestyle by area.
Data sourced from U.S. Census Bureau, Bureau of Labor Statistics, and NOAA. Updated 2026.