Is Indianapolis, IN cheaper than Andover, MN?

Based on cost of living data, Indianapolis, IN is 14.7% cheaper than Andover, MN. This translates to saving $1102 per month.

What salary do I need in Indianapolis, IN to live like I do in Andover, MN?

If you earn $150,000 in Andover, MN, you'd need approximately $136,775.385 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Andover, MN and Indianapolis, IN?

Housing in Indianapolis, IN is 18.3% cheaper than in Andover, MN. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,204/month in Andover, MN.

How much can I save per month by moving from Andover, MN to Indianapolis, IN?

Moving from Andover, MN to Indianapolis, IN could save you approximately $1102 per month, or $13225 per year, based on a $150,000 salary.

Andover, MN vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Andover, MN — COL adjusted from Minneapolis, MN area + state data

Current salary in Andover, MN

Numbers update automatically as you type

You'd save $1.1K/month moving to Indianapolis, IN

$150.0K in your current city equals $136.8K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Minneapolis-St. Paul-Bloomington, MN-WI area

Overall Cost

↓ 14.7%

Less expensive

Monthly Impact

$1,102

Savings

Annual Impact

$13.2K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Andover, MN

Population:33K

Cost Index:100

Median Home:$308K

Indianapolis, IN

Population:888K

Cost Index:85

Median Home:$176K

Andover, MN

The North Star State

33K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 33K residents.

Indianapolis, IN

The Hoosier State

888K

Population

State Tax

Yes

Located in Indiana, this city has a population of 888K residents.

Cost Breakdown by Category

Annual spending: Andover, MN vs Indianapolis, IN

Category	Andover, MN	Indianapolis, IN	Difference	Change
🏠Housing	$2,385/mo	$1,949/mo	↓ $436less	18.3%
🏥Healthcare	$735/mo	$582/mo	↓ $152less	20.7%
🚗Transportation	$1,303/mo	$1,188/mo	↓ $114less	8.8%
📦Other	$1,676/mo	$1,590/mo	↓ $85.33less	5.1%
🛒Groceries	$1,000/mo	$919/mo	↓ $80.85less	8.1%
⚡All Utilities	$494/mo	$503/mo	↑ $8.89more	1.8%

🏠Housing

↓ 18.3%

Andover, MN

$2,385

Indianapolis, IN

$1,949

Difference

$436

less

🏥Healthcare

↓ 20.7%

Andover, MN

$735

Indianapolis, IN

$582

Difference

$152

less

🚗Transportation

↓ 8.8%

Andover, MN

$1,303

Indianapolis, IN

$1,188

Difference

$114

less

📦Other

↓ 5.1%

Andover, MN

$1,676

Indianapolis, IN

$1,590

Difference

$85.33

less

🛒Groceries

↓ 8.1%

Andover, MN

$1,000

Indianapolis, IN

$919

Difference

$80.85

less

⚡All Utilities

↑ 1.8%

Andover, MN

$494

Indianapolis, IN

$503

Difference

$8.89

🏛️ Local Income Taxes

Indianapolis, IN: Marion County Income Tax$3,030/yr (2.0%)

Andover, MN has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$803

To$1,030

↑ $227

1 Bed

From$963

To$1,170

↑ $207

2 Bed

From$1,204

To$1,360

↑ $156

3 Bed

From$1,686

To$1,760

↑ $74.00

Indianapolis, INZIP-level data

1BR range: $1,080–$1,870/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,592

Monthly in Andover, MN

$6,732

Monthly in Indianapolis, IN

$860

Difference

Home Values

Andover

Indianapolis

Median Value

$176K

YoY Change

↓ -1.1%

5-Year Change

↑ +26.9%

Price Range

$109K - $340K

Calculate payment - Indianapolis

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $5.6K

Per year

Monthly Difference

$466

More take-home

Effective Rate Diff

3.7%

Rate difference

Andover, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Indianapolis, IN

Federal Income Tax

Effective: 18.9%

$25.5K

Indiana State Tax

Effective: 3.2%

$4.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.9%

$41.9K

Take-Home Pay

$9,012/month

$108.1K

Additional Tax Information

Andover, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Indianapolis, IN Tax Rates

Sales Tax:7.0%

Property Tax:0.9%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.