Is Indianapolis, IN cheaper than Beloit, WI?

Based on cost of living data, Indianapolis, IN is 12.2% cheaper than Beloit, WI. This translates to saving $913 per month.

What salary do I need in Indianapolis, IN to live like I do in Beloit, WI?

If you earn $150,000 in Beloit, WI, you'd need approximately $139,045.725 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Beloit, WI and Indianapolis, IN?

Housing in Indianapolis, IN is 16.7% cheaper than in Beloit, WI. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,123/month in Beloit, WI.

How much can I save per month by moving from Beloit, WI to Indianapolis, IN?

Moving from Beloit, WI to Indianapolis, IN could save you approximately $913 per month, or $10954 per year, based on a $150,000 salary.

Beloit, WI vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Beloit, WI — COL adjusted from Madison, WI area + state data

Current salary in Beloit, WI

Numbers update automatically as you type

You'd save $913/month moving to Indianapolis, IN

$150.0K in your current city equals $139.0K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 12.2%

Less expensive

Monthly Impact

$913

Savings

Annual Impact

$11.0K

Per year

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

Beloit, WI

Population:36K

Cost Index:100

Median Home:$427K

Indianapolis, IN

Population:888K

Cost Index:88

Median Home:$176K

Beloit, WI

The Badger State

36K

Population

State Tax

Yes

Located in Wisconsin, this city has a population of 36K 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: Beloit, WI vs Indianapolis, IN

Category	Beloit, WI	Indianapolis, IN	Difference	Change
🏠Housing	$2,339/mo	$1,949/mo	↓ $390less	16.7%
🚗Transportation	$1,327/mo	$1,188/mo	↓ $139less	10.5%
🏥Healthcare	$698/mo	$582/mo	↓ $116less	16.6%
📦Other	$1,690/mo	$1,590/mo	↓ $99.49less	5.9%
🛒Groceries	$932/mo	$919/mo	↓ $12.43less	1.3%
⚡All Utilities	$494/mo	$503/mo	↑ $9.13more	1.8%

🏠Housing

↓ 16.7%

Beloit, WI

$2,339

Indianapolis, IN

$1,949

Difference

$390

less

🚗Transportation

↓ 10.5%

Beloit, WI

$1,327

Indianapolis, IN

$1,188

Difference

$139

less

🏥Healthcare

↓ 16.6%

Beloit, WI

$698

Indianapolis, IN

$582

Difference

$116

less

📦Other

↓ 5.9%

Beloit, WI

$1,690

Indianapolis, IN

$1,590

Difference

$99.49

less

🛒Groceries

↓ 1.3%

Beloit, WI

$932

Indianapolis, IN

$919

Difference

$12.43

less

⚡All Utilities

↑ 1.8%

Beloit, WI

$494

Indianapolis, IN

$503

Difference

$9.13

🏛️ Local Income Taxes

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

Beloit, WI 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$762

To$1,030

↑ $268

1 Bed

From$882

To$1,170

↑ $288

2 Bed

From$1,123

To$1,360

↑ $237

3 Bed

From$1,524

To$1,760

↑ $236

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.

$7,479

Monthly in Beloit, WI

$6,732

Monthly in Indianapolis, IN

$747

Difference

Home Values

Beloit

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

↑ $4.0K

Per year

Monthly Difference

$334

More take-home

Effective Rate Diff

2.7%

Rate difference

Beloit, WI

Federal Income Tax

Effective: 18.9%

$25.5K

Wisconsin State Tax

Effective: 5.9%

$8.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.6%

$45.9K

Take-Home Pay

$8,678/month

$104.1K

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

Beloit, WI Tax Rates

Sales Tax:5.6%

Property Tax:1.8%

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.