CostIndexUSA

Colorado Springs, CO vs Indianapolis, IN Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

CO
Colorado Springs
100.7
overall index
$1,675/mo rent
More AffordableIN
Indianapolis
95.7
overall index
$1,500/mo rent

Indianapolis is moderately cheaper than Colorado Springs — 5.0% lower overall cost of living.

To match an $80,000 salary in Colorado Springs, you would need $76,000 in Indianapolis. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing−23.5%
Colorado Springs
116.2
Indianapolis
88.9
🛒 Groceries−1.9%
Colorado Springs
96.1
Indianapolis
94.3
🚗 Transportation−0.7%
Colorado Springs
104.8
Indianapolis
104.1
🏥 Healthcare−0.6%
Colorado Springs
94.8
Indianapolis
94.2
⚡ Utilities+3.8%
Colorado Springs
83.2
Indianapolis
86.4

Salary Equivalency Calculator

Enter your current salary in Colorado Springs to see what you'd need to earn in Indianapolis to maintain the same purchasing power.

$
→
Equivalent salary in Indianapolis, IN
$76,000
$4,000 less needed in Indianapolis

Formula: salary × (95.7 ÷ 100.7) = salary × 0.9503. Based on BEA Regional Price Parities.

Housing Market

Colorado Springs, CO

Median Home Price
$448,000
Median Monthly Rent
$1,675
Housing Index
116.2
Price-to-Rent Ratio
22.3×

Indianapolis, IN

Median Home Price
$283,000
Median Monthly Rent
$1,500
Housing Index
88.9
Price-to-Rent Ratio
15.7×

Colorado Springs has 23.5% lower housing costs compared to Indianapolis.

Income & Job Market

Colorado Springs, CO

Median Household Income
$89,800
Per Capita Income
$51,200
Unemployment Rate
4.2%
Population
478,961
Top Industries
MilitaryAerospaceTechnologyHealthcareTourism

Indianapolis, IN

Median Household Income
$77,900
Per Capita Income
$44,400
Unemployment Rate
3.4%
Population
887,642
Top Industries
HealthcareManufacturingFinanceLogisticsSports

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Colorado Springs, CO
4.5×income-to-rent ratio

78% of income left after rent (median)

Indianapolis, IN
4.3×income-to-rent ratio

77% of income left after rent (median)

Colorado Springs vs other cities

Colorado Springs, CO
vs
Aurora, CO
Index: 100.7Index: 105.8
Colorado Springs, CO
vs
Boulder, CO
Index: 100.7Index: 105.2
Colorado Springs, CO
vs
Denver, CO
Index: 100.7Index: 105.8
Colorado Springs, CO
vs
Omaha, NE
Index: 100.7Index: 91.9
Colorado Springs, CO
vs
Raleigh, NC
Index: 100.7Index: 98.2

Indianapolis vs other cities

Indianapolis, IN
vs
Bloomington, IN
Index: 95.7Index: 95.1
Indianapolis, IN
vs
Evansville, IN
Index: 95.7Index: 91.5
Indianapolis, IN
vs
Fort Wayne, IN
Index: 95.7Index: 92.6
Indianapolis, IN
vs
Charlotte, NC
Index: 95.7Index: 97.3
Indianapolis, IN
vs
San Francisco, CA
Index: 95.7Index: 115.6

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.