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Cost of Living in
Indiana

Living cost is 8.67% lower than avg
Families spend upto $8,002/mo on avg
Homeowners spend $7,665/mo on avg
Renters spend $4,121/mo on avg

Cost of Living in
Indiana

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A Breakdown of the Cost of Living in Indiana

U.S. Avg.

Indiana

Difference Diff

Home Price

$534,127

$404,437.21

24%

Apartment Rent (per month)

$1,354

$1,180.71

13%

U.S. Avg.

Indiana

Difference Diff

Phone (per month)

$219.9

$192.83

12%

Total Energy (per month)

$194.67

$207.77

U.S. Avg.

Indiana

Difference Diff

Grocery Staples

Corn Flakes (per box)

$5.88

$5.4

Frozen Corn (per bag)

$2.33

$2.29

Frozen Meal (per package)

$4.75

$3.86

19%

Cooking Oil (per bottle)

$6.00

50%

Detergent (per bottle)

$18.81

$20.66

10%

Facial Tissues (per box)

$2.54

$2.21

13%

Sweet Peas (per can)

$1.74

$1.69

Sugar (per bag)

$4.46

$5.18

16%

Bread (per loaf)

$3.66

$3.92

Frying Chicken (per lb)

$1.64

$1.58

Meat & Poultry

Chicken (per lb)

$1.67

$1.63

Steak (per lb)

$13.56

$16.73

23%

Sausage (per lb)

$4.89

$5.04

Ground Beef (per lb)

$7.90

$7.75

Snacks & Beverages

Soft Drink (per bottle)

$3.08

$2.93

Potato Chips (per bag)

$5.08

$4.08

20%

Coffee (per lb)

$5.92

$6.54

10%

Fresh Orange Juice (per half gallon)

$4.85

Fruits & Vegetables

Peaches (per can)

$4.29

$2.77

35%

Lettuce (per head)

$1.85

Bananas (per lb)

$0.62

$0.73

18%

Potatoes (per bag)

$4.61

$5.29

15%

Dairy & Eggs

Parmesan Cheese (per lb)

$4.46

$4.87

Margarine (per lb)

$1.26

$1.36

Eggs (per dozen)

$4.50

$4.6

Whole Milk (per gallon)

$4.02

$4.74

18%

Seafood

Chunk Light Tuna (per can)

$1.06

$1.22

15%

U.S. Avg.

Indiana

Difference Diff

Tire Balance (per tire)

$69.15

$58.9

15%

Gasoline (per gallon)

$2.82

$3.18

13%

U.S. Avg.

Indiana

Difference Diff

Doctor Visit (per visit)

$113.53

$140.81

24%

Dentist Visit (per visit)

$144.14

$136.67

Ibuprofen (per bottle)

$11.48

$11.49

Prescription Drug (per month)

$21.09

$21.54

Optometrist Visit (per visit)

$93.18

$129.06

39%

U.S. Avg.

Indiana

Difference Diff

Women’s Slacks

$34.9

$36.4

Boys’ Jeans

$29.45

$28.48

Men’s Shirt

$39.14

$37.45

Wine (per bottle)

$7.14

$11.97

68%

Beer (per 6-pack)

$10.78

$10.45

Veterinary Services (per visit)

$65.41

$68.06

Tennis Balls (per pack)

$3.49

$3.94

13%

Yoga (per class)

$11.89

$17.82

50%

Movie (per ticket)

$11.41

$11.71

Newspaper (per copy)

$18.96

$13.2

30%

Washer Repair (per service)

$109.38

$98.18

10%

Women Slacks

$34.88

$36.1

Boy Jeans

$29.51

$27.93

Man Dress Shirt

$39.05

$38.63

Dry Cleaning (per item)

$13.25

$17.05

29%

Shampoo (per bottle)

$1.56

$1.53

Toothpaste (per tube)

$3.59

$4.35

21%

Beauty Salon (per visit)

$46.61

$40.4

13%

Haircut (per cut)

$26.79

$24.58

Fried Chicken (per serving)

$4.36

$5.06

16%

Pizza (per pizza)

$11.88

$12.78

Hamburger (per serving)

$5.25

$5.38

The cost of living here in IN is 8.67% lower than the national average, making it one of the most budget-friendly states in the Midwest. From the fast lanes of Indianapolis Motor Speedway to the cozy corners of Bloomington and Fort Wayne, Indiana delivers a lifestyle that’s both grounded and affordable. With major employers like Eli Lilly, Cummins, Subaru, and Indiana University Health, the state provides strong job opportunities without the high price tag. Whether you're living in a college town, suburban neighborhood, or small rural community, everyday expenses stay affordable throughout the state.

Housing is 24% lower than the US median. The average home price in Indiana is typically $404,437.21, compared to the national average of $430,000. If you're buying a new house in Indiana, set aside enough for a down payment of 15% to 20%. Given lower home prices and sometimes lower interest rates, mortgage payments in Indiana tend to be significantly cheaper than the national average.
Renting in Indiana costs 12.8% lower than the national average, with the average monthly rent around $1,180.71. One-bedroom homes in Indianapolis, Fort Wayne and South Bend cost $1,000, while a two-bedroom home in Indiana typically costs $1,250. While rent in Indiana is affordable, especially compared to coastal states, don’t always expect amenities like parking and in-unit laundry.
Utilities are 4% lower than the national average. However, you should factor in winter heating bills, which can spike to $150 to $200 during January and February. Summer cooling costs usually remain reasonable, thanks to Indiana's moderate climate. Internet service ranges from $192.83 monthly, depending on the speed and provider.
Food prices in Indiana are 1% lower than the US median. A gallon of milk costs $4.74, compared to $4.30 nationally. If you're a family of four, you'll spend $945 to $1,200 each month on groceries. Single adults can budget $320 to $480 monthly, depending on their shopping habits and dietary preferences.
Transportation costs are 9.11% lower than the US median. The average cost of gas in Indiana is $3.18 per gallon. Monthly car insurance premiums average $165 in Indiana, which is 10% below the national median. Even with parking fees and regular maintenance, transportation costs remain fairly affordable compared to larger urban areas.
Healthcare costs in Indiana are 2.65% lower than the national average. A routine check-up costs $115, compared to $125 nationally. Dental cleanings average $136.67, while emergency room visits without insurance can reach $2,400. Despite lower costs, Indiana provides quality care through systems like Indiana University Health and Community Health Network.
Miscellaneous expenses are 5.27% lower than the national average, although it depends on your specific lifestyle. It covers recreational activities, gym memberships (averaging $45 to $85 per month), and other entertainment. For example, date nights in downtown Indianapolis may reach $75, while a family visit to the Indianapolis Zoo can cost up to $85.

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Is Living in Indiana Expensive?

No, Indiana is not expensive to live in. In fact, it ranks as one of America's most affordable states, making it accessible for most middle-class families. The average cost of living in Indiana is 8.67% lower than the national average, with housing costs being the biggest advantage.

With $404,437.21, you can get a spacious home in Indianapolis with a yard and garage. In contrast, that same amount might only buy a small condo in Chicago or a fixer-upper in Denver. Reasonable food prices, affordable healthcare costs, competitive transportation expenses, and moderate utility bills give Indiana residents greater financial flexibility.

Housing in Indiana

If you're buying a home in Indiana, several factors work in your favor. The average house price in Indiana is $404,437.21, which is less than the national median. Even with mortgage rates ranging from 6.5% to 7.5%, and property taxes adding $200 to $600 monthly, there should still be plenty of room in your budget. Let's break down the housing costs in Indiana:

Buying a House in Indiana

For young adults or single people, one-bedroom houses in Broad Ripple or Fountain Square provide solid entry points into homeownership. The prices of homes in these neighborhoods average $180,000 to $280,000. At that price, your mortgage payments will range from $1,200 to $1,800 monthly, excluding insurance and taxes. Condos in Zionsville and other neighborhoods, like Fishers and Carmel, typically cost between $140,000 and $250,000.
If you're a married couple with young children (under 6), expect to pay between $220,000 and $350,000 for a three-bedroom home in Carmel, Fishers, or Westfield. These family-oriented communities provide access to quality schools such as Carmel Elementary and Hamilton Southeastern Elementary. These neighborhoods also offer proximity to sporting and recreation, with the Monon Trail and the Grand Park Sports Campus located nearby.
If you're a married couple with older children (ages 6 to 17), you can find multi-family homes in Indiana for $280,000 to $480,000. You could also consider duplex homes in Indiana. A duplex gives you the flexibility to live in one unit and rent out the other, helping offset your mortgage. They're commonly found in cities like Indianapolis, Fort Wayne, and Lafayette, and can be especially beneficial if you're thinking long-term about building equity or generating passive income while raising a family.

Renting a House in Indiana

Renting in the US typically costs 12.8% lower per month, on average, you can expect to pay around $1,180.71 monthly. Rent prices, a major reason for the low living expenses in Indiana, can vary widely depending on location and property size. Let's examine average rental costs across the state:

If you're a young adult or single person, rent for a one-bedroom home in Downtown Indianapolis or Broad Ripple costs $1,100 to $1,400 monthly. Downtown Indianapolis appeals with its vibrant nightlife, upscale dining, and walkable entertainment districts. Meanwhile, Broad Ripple draws a younger crowd with its trendy bar scene, live music venues, and direct access to the Monon Trail.
If you're a married couple with young children (under 6), expect to pay between $1,400 and $2,200 monthly for a two-bedroom home in Meridian-Kessler, Irvington, or other family-friendly neighborhoods. These areas offer easy access to parks, pre-schools, and local community centers.
For families with older children (ages 6 to 17), renting a three-bedroom home in Meridian Kessler or a four-bedroom home in Fishers costs between $2,000 and $3,200 monthly. Homes zoned for popular schools like IPS Butler Lab School in Meridian-Kessler or Fishers High School often fall on the higher end of the price range, especially in walkable, park-rich areas.
If you're downsizing, expect to spend $1,200 to $1,800 monthly renting one- or two-bedroom condos in Downtown Indianapolis, Mass Ave, or Lockerbie Square. These areas offer low-maintenance living and proximity to healthcare services.
International students should budget about $1,800 monthly for a three-bedroom home in Indiana. Sharing apartments in neighborhoods like Bloomington near Indiana University or West Lafayette near Purdue University can decrease your rent costs by 30% to 40%.

Utilities in Indiana

Food and Groceries in Indiana

Transportation in Indiana

Healthcare in Indiana

Healthcare costs in Indiana are 2.65% lower than the national average, reflecting the state's competitive medical market and lower operational costs. Quality care remains accessible across the state. Here's a breakdown of medical costs in Indiana:

Doctor Visit — $140.81+ per visit: Common appointments, like annual physicals, blood pressure checks, or prescription renewals, typically cost around this much. Specialized visits, such as cardiology or orthopedic consultations, may cost $165 to $285, depending on the provider.
Dentist Visit — $136.67+ per visit: This covers routine cleanings and exams. A basic dental cleaning costs around $136.67, while cavity fillings cost $155 to $215. Compared to other Midwest states, like Illinois ($125 for cleaning) or Ohio ($115 for cleaning), Indiana remains competitive. Even procedures like X-rays or fluoride treatments tend to be 8 to 12% below regional averages.
Optometrist Visit — $129.06+ per visit: Routine eye exams in Indiana cost less than the national median. This includes vision checks and prescription updates. Specialized services, like retinal imaging or dilation exams, can add $65 to $165 more.
Prescription Drugs — $21.54+ per package: For chronic conditions like diabetes, a month's supply of Metformin costs $15 to $28 without insurance. Blood pressure medication with Lisinopril costs $12 to $22 monthly. For short-term needs, common antibiotics like Amoxicillin cost between $18 and $32.
Over-the-Counter Meds — $10+ per package: Everyday essentials like Ibuprofen, allergy relief, and cold medications like DayQuil average $10 to $14 per package. Whether you're dealing with spring allergies or nursing a migraine, stocking your medicine cabinet remains affordable.

Healthcare in Indiana costs less than in many neighboring states, and you also get access to excellent institutions like Indiana University Health, Community Health Network, and Parkview Health. The state's mild summers reduce heat-related health expenses, while its excellent road network reduces injury-related costs compared to more congested metropolitan areas.
It's still a good idea to carry health insurance, as the average cost of a doctor's visit in Indiana is around $115*. The monthly cost of a health insurance plan in the state typically ranges between $385* and $695*.

*Disclaimer: These figures are averages and can vary based on individual circumstances and specific insurance providers. It's recommended to compare plans and consult with insurance professionals to find the best coverage for your needs.

Miscellaneous Costs in Indiana

What Salary Do You Need to Live in Indiana?

The average salary in Indiana is 8.67% lower. The salary to live comfortably in Indiana ranges from $45,000 to $65,000 per year, depending on your lifestyle, family size, and spending preferences.

Homeowners spend $91,976.00 per year: Mortgage payments, property taxes, insurance, and utilities remain manageable in most Indiana cities, especially outside of Indianapolis.

Renters spend $49,454.00 per year: With low median rents in cities like Fort Wayne and Evansville, renting offers flexibility without stretching your budget.

Families with kids spend $96,021.00 per year: Add childcare, healthcare, education-related costs, and a larger home into the mix, and your total climbs. Still, Indiana’s overall affordability makes family life more attainable than in many other states.

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What is a Cost of Living Calculator?

A cost of living calculator helps you compare the expenses required to live in a different location. The calculator factors in various living expenses like housing, food, utilities, transportation, fitness, and entertainment, etc., and helps you estimate how much salary you need to live in that city. Since the cost of goods and services varies in different cities, a Indiana cost of living calculator can help you make the decision to move to this city or not.

About Cost of Living Data

The data used to determine Indiana's cost of living is sourced from the Council for Community and Economic Research (C2ER). Published since 1968, COLI data is recognized by the U.S. Census Bureau and the Bureau of Labor Statistics. This organization regularly updates its data to offer a detailed and well-researched view of living expenses in cities across the country. An independent Advisory Board reviews C2ER’s data collection methodologies and quarterly publications to ensure consistency and quality. For more information, visit www.coli.org. Data published as of Oct 2025.

Frequently Asked Questions

How much is gas in Indiana?

The cost of gas in Indiana averages $3.18 per gallon. Prices may fluctuate during winter months due to heating oil demand, or around high-traffic periods like Indianapolis 500 or college basketball tournaments. Traffic on I-65 and I-70 can result in longer drives and more frequent fill-ups.

Is Indiana a good place to live?

Yes, Indiana is a great place to live if you value affordability, seasonal weather, and a strong sense of community. The state offers high-quality healthcare through Indiana University Health, easy travel via Indianapolis International Airport, and excellent schools in cities like Carmel and Zionsville.

What is the cost of living in Indiana?

The average price of living in Indiana is 8.67% lower than the national median. Indianapolis and Carmel are on the higher end for the state, while Richmond, Kokomo, and Evansville rank among the cheapest places to live in Indiana.

What is the average rent in Indiana?

A one-bedroom apartment in Indiana typically rents for $900 to $1,180.71 per month. Desirable neighborhoods like Broad Ripple and Mass Ave charge higher rents for their amenities and proximity to downtown Indianapolis.

How much is a two-bedroom apartment in Indiana?

A two-bedroom apartment in Indiana costs between $1,500 and $1,800 per month. Expect higher rents in desirable locations or luxury homes in Carmel, Fishers, and other suburban communities.

What is the average price of utilities in Indiana?

Utilities in Indiana range from $400 to $600 per month. This includes electricity, natural gas, water, sewer, and trash. Heating expenses in winter can significantly raise your utility bills.

How much is childcare in Indiana?

If you're moving to Indiana, expect childcare costs to range between $800 to $1,400 per month for toddlers. Daycare centers in Carmel and Fishers typically cost more than in-home care set-ups in smaller towns like Greenfield and Shelbyville.