CostIndexUSA

Indianapolis, IN vs St. Petersburg, FL Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

More AffordableIN
Indianapolis
95.7
overall index
$1,500/mo rent
FL
St. Petersburg
100.9
overall index
$1,975/mo rent

Indianapolis is moderately cheaper than St. Petersburg — 5.4% lower overall cost of living.

To match an $80,000 salary in Indianapolis, you would need $84,300 in St. Petersburg. Calculate your salary ↓

Category Breakdown

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

🏠 Housing+41.5%
Indianapolis
88.9
St. Petersburg
125.8
🛒 Groceries+1.3%
Indianapolis
94.3
St. Petersburg
95.5
🚗 Transportation−1.6%
Indianapolis
104.1
St. Petersburg
102.4
🏥 Healthcare−1.6%
Indianapolis
94.2
St. Petersburg
92.7
⚡ Utilities+2.4%
Indianapolis
86.4
St. Petersburg
88.5

Salary Equivalency Calculator

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

$
→
Equivalent salary in St. Petersburg, FL
$84,300
$4,300 more needed in St. Petersburg

Formula: salary × (100.9 ÷ 95.7) = salary × 1.0543. Based on BEA Regional Price Parities.

Housing Market

Indianapolis, IN

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

St. Petersburg, FL

Median Home Price
$352,000
Median Monthly Rent
$1,975
Housing Index
125.8
Price-to-Rent Ratio
14.9×

St. Petersburg has 41.5% higher housing costs compared to Indianapolis.

Income & Job Market

Indianapolis, IN

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

St. Petersburg, FL

Median Household Income
$72,700
Per Capita Income
$41,400
Unemployment Rate
4.1%
Population
258,308
Top Industries
HealthcareFinanceTourismTechnologyRetail

Affordability at a Glance

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

Indianapolis, IN
4.3×income-to-rent ratio

77% of income left after rent (median)

St. Petersburg, FL
3.1×income-to-rent ratio

67% of income left after rent (median)

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

St. Petersburg vs other cities

St. Petersburg, FL
vs
Cape Coral, FL
Index: 100.9Index: 102.3
St. Petersburg, FL
vs
Daytona Beach, FL
Index: 100.9Index: 99.4
St. Petersburg, FL
vs
Fort Lauderdale, FL
Index: 100.9Index: 114.2
St. Petersburg, FL
vs
Scottsdale, AZ
Index: 100.9Index: 103.3
St. Petersburg, FL
vs
Lubbock, TX
Index: 100.9Index: 91.3

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.