CostIndexUSA

Denver, CO vs Indianapolis, IN Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

CO
Denver
105.8
overall index
$1,850/mo rent
More AffordableIN
Indianapolis
95.7
overall index
$1,500/mo rent

Indianapolis is moderately cheaper than Denver — 9.5% lower overall cost of living.

To match an $80,000 salary in Denver, you would need $72,400 in Indianapolis. Calculate your salary ↓

Category Breakdown

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

🏠 Housing39.5%
Denver
146.9
Indianapolis
88.9
🛒 Groceries6.6%
Denver
101
Indianapolis
94.3
🚗 Transportation≈ Equal
Denver
104.4
Indianapolis
104.1
🏥 Healthcare≈ Equal
Denver
94.5
Indianapolis
94.2
Utilities1.7%
Denver
87.9
Indianapolis
86.4

Salary Equivalency Calculator

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

$
Equivalent salary in Indianapolis, IN
$72,400
$7,600 less needed in Indianapolis

Formula: salary × (95.7 ÷ 105.8) = salary × 0.9045. Based on BEA Regional Price Parities.

Housing Market

Denver, CO

Median Home Price
$559,000
Median Monthly Rent
$1,850
Housing Index
146.9
Price-to-Rent Ratio
25.2×

Indianapolis, IN

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

Denver has 39.5% lower housing costs compared to Indianapolis.

Income & Job Market

Denver, CO

Median Household Income
$103,100
Per Capita Income
$58,800
Unemployment Rate
3.6%
Population
715,522
Top Industries
TechnologyAerospaceEnergyHealthcareTourism

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).

Denver, CO
4.6×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)

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.