Cost of Living in Indianapolis
Median income in Indianapolis is $47,000/year ($3,917/month). Here is how to budget every dollar.
Average Rent in Indianapolis
$800
Studio
$1,000
1 Bedroom
$1,250
2 Bedrooms
Monthly Budget Breakdown: $3,917/month
How to allocate the median Indianapolis income of $47,000/year after taxes.
Housing
$1,000
Food & Groceries
$390
Transportation
$350
Utilities
$180
Healthcare
$195
Entertainment
$235
Personal & Other
$195
Savings
$1,372
Total
$3,917
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Affordable Neighborhoods in Indianapolis
Fountain Square and Irvington are arts-focused neighborhoods with affordable rents
Broad Ripple near Butler University has walkable nightlife at moderate prices
Fishers and Carmel in the northern suburbs offer excellent schools and amenities
Money-Saving Tips for Indianapolis
IndyGo monthly pass ($60) covers Red Line rapid transit and bus routes
Take advantage of the Indianapolis Cultural Trail for free biking and walking
Shop at Kroger, Aldi, and Meijer for competitive grocery prices
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