Indianapolis cost of living is 83.5
| COST OF LIVING | Indianapolis | Indiana |
|---|---|---|
| Grocery | 93.6 | 92.9 |
| Health | 86.8 | 82.2 |
| Housing | 61.9 | 61.7 |
| Median Home Cost | $183,000 | $186,100 |
How much money do you need to make to live in Indianapolis?
In order to get by, single Hoosiers need to make just under $28,000 before taxes. That’s according to MIT’s Living Wage Calculator. Here’s what a monthly budget looks like for a person making this kind of money: For food, it’s $270.
Is Indianapolis an expensive place to live?
1 While smaller towns and cities typically provide a cheaper lifestyle than big cities, Indianapolis, Indiana’s capital city, is one of the most affordable cities in the country. The median price for a house in the Hoosier State is $142,600, while $662 is the average monthly rent for a one-bedroom apartment.
How much does it cost to live comfortably in Indianapolis?
The recommended salary in Indianapolis is $3,027 per month or $36,320 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $1,201.
What is the average cost to live in Indiana?
Average Cost of Living in Indiana: $38,097 per year
According to the Bureau of Economic Analysis , the average cost of living in Indiana will run you around $38,097 per year.
What is a good hourly wage in Indiana?
Hourly Salary in Indiana
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,700 | $28 |
| 75th Percentile | $41,325 | $20 |
| Average | $41,807 | $20 |
| 25th Percentile | $25,828 | $12 |
What is middle class in Indiana?
How Much Income Do You Need in Indiana To Be Considered Middle Class. The current median household income for Indiana is $57,603.
Where is lowest cost of living in US?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is the average monthly cost of living in Indiana?
Summary about cost of living in Indianapolis, IN, United States: Family of four estimated monthly costs are 3,556$ without rent. A single person estimated monthly costs are 1,009$ without rent.
What is the cheapest and safest state to live in?
Here are the 10 most affordable states in the U.S.:
- Indiana. Average cost of living index: 90.57.
- Michigan. Average cost of living index: 90.40.
- Missouri. Average cost of living index: 89.75.
- Tennessee. Average cost of living index: 89.49.
- Georgia. Average cost of living index: 89.30.
- Arkansas.
- Alabama.
- Oklahoma.
How much money do I need to live in Indiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $27,201 | $59,828 |
| Annual taxes | $5,643 | $12,410 |
| Required annual income before taxes | $32,844 | $72,238 |
Is it cheaper to live in Texas or Indiana?
Indiana is 4.7% cheaper than Texas.
Is it cheaper to live in Florida or Indiana?
Indiana is 11.7% cheaper than Florida.
How cheap is it to live in Indianapolis?
Indianapolis’s housing expenses are 19% lower than the national average and the utility prices are 4% higher than the national average. Transportation expenses like bus fares and gas prices are 9% lower than the national average. Indianapolis has grocery prices that are 5% lower than the national average.
Is Indianapolis a safe city?
Is Indianapolis a safe place to live? Indianapolis is safer than 1% of Indiana cities and 2% of other U.S. cities. Though the city has a slightly higher crime rate, there are many safe neighborhoods and suburbs throughout the Indianapolis metro with lower crime rates.
How much does a meal cost in Indianapolis?
Prices in restaurants in Indianapolis.
| Meal in a cheap restaurant | 15 USD (12-20) |
|---|---|
| Meal for 2 People, Mid-range Restaurant, Three-course | 60 USD (50-136) |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.00 USD (7.00-8.00) |
| Domestic Beer (0.5 liter draught) | 4.00 USD (3.00-6.00) |
| Imported Beer (0.33 liter bottle) | 5.00 USD (5.00-6.00) |
What is the highest paying job in Indiana?
Consultant And Sales Representative
Detailed List Of Highest Paying Jobs In Indiana
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $198,564 |
| 2 | Pain Management Physician | $177,028 |
| 3 | Vice President, Field Operations | $175,773 |
| 4 | Executive Vice President Of Sales | $174,636 |
What is considered a high salary in Indiana?
While ZipRecruiter is seeing salaries as high as $143,700 and as low as $19,723, the majority of salaries within the Average jobs category currently range between $46,491 (25th percentile) to $70,440 (75th percentile) with top earners (90th percentile) making $93,921 annually in Indiana.
What is upper class income Indiana?
In Indianapolis, you would have to earn at least $97,257 to be considered among the top 20% of earners. The super rich, also known as the top 5%, have an average income of $325,191.
What salary is considered high class?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is considered a rich salary?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.