Large City887,642 people

Indianapolis city (balance), IN

Discover how far your salary goes in Indianapolis city (balance). Compare taxes, rent, and living costs.

Cost Index
99
Below Average
Population

887,642

State Tax

3.1%

1BR Rent

$1,456

/month

vs National

+4%

above avg

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Rent Prices in Indianapolis city (balance)

🏠

Studio

$1,165

/month

$13,980/year

Most Common
🛏️

1 Bedroom

$1,456

/month

$17,472/year

🏡

2 Bedroom

$1,966

/month

$23,592/year

🏘️

3 Bedroom

$2,548

/month

$30,576/year

Taxes in Indiana

State Income Tax

Indiana

3.1%

For a $100k salary, that's ~$3,150/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Indianapolis city (balance), IN?

Indianapolis city (balance) has a cost of living index of 99, which is 1% below the national average. A 1-bedroom apartment costs around $1,456/month.

What is the state income tax in Indiana?

Indiana has a state income tax rate of approximately 3.1%. This is in addition to federal income tax.

How much is rent in Indianapolis city (balance)?

The median rent for a 1-bedroom apartment in Indianapolis city (balance) is $1,456/month. For a 2-bedroom, expect to pay around $1,966/month. This is 4% above the national average.

Is Indianapolis city (balance) a good place to live?

Indianapolis city (balance) is a large city with a population of 887,642. The cost of living is below average, making it more affordable than average for the US.

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