Cost of Living in Indianapolis city (balance), IN
Population: 882,043 • 2026 Data
$62,995
Median Household Income
-19% vs national
$1,112
Median Monthly Rent
-18% vs national
$207,000
Median Home Value
-39% vs national
5.2%
Unemployment Rate
Housing in Indianapolis city (balance)
The median home value in Indianapolis city (balance), IN is $207,000. Monthly rent for a typical unit averages $1,112, while total monthly housing costs (including utilities and insurance) average $1,124.
Rent-to-income ratio: 21.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Indianapolis city (balance), IN is $62,995. The unemployment rate stands at 5.2%, with a labor force of 466,653 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.