Cheapest Cities Near Indianapolis (2026)

Indianapolis has a cost of living index of 89 (US avg = 100). Here are 8 more affordable metros to consider as alternatives.

More affordable alternatives

1
Flint, MI13% cheaper
COL: 771BR: $880/moSave $320/mo on rent
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2
McAllen, TX12% cheaper
COL: 781BR: $950/moSave $250/mo on rent
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3
Jackson, MS11% cheaper
COL: 791BR: $1,000/moSave $200/mo on rent
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4
Springfield, MO11% cheaper
COL: 791BR: $950/moSave $250/mo on rent
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5
Laredo, TX11% cheaper
COL: 791BR: $950/moSave $250/mo on rent
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6
Evansville, IN10% cheaper
COL: 801BR: $990/moSave $210/mo on rent
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7
Topeka, KS10% cheaper
COL: 801BR: $940/moSave $260/mo on rent
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8
El Paso, TX10% cheaper
COL: 801BR: $1,050/moSave $150/mo on rent
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Indianapolis at a glance

89
COL index
100 = US avg
$1,200
1BR rent
per month
$260K
Home price
median
3.2%
State tax
income

Cities with similar cost of living

Albuquerque, NMCOL: 89Rochester, NYCOL: 89Lexington, KYCOL: 89Grand Rapids, MICOL: 89

COL index sourced from Numbeo, Zillow, and BLS data · Q1 2026 · For general guidance only