Is Indianapolis, IN cheaper than Billings, MT?

Based on cost of living data, Indianapolis, IN is 11.9% cheaper than Billings, MT. This translates to saving $889 per month.

What salary do I need in Indianapolis, IN to live like I do in Billings, MT?

If you earn $150,000 in Billings, MT, you'd need approximately $139,331.307 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Billings, MT and Indianapolis, IN?

Housing in Indianapolis, IN is 22.2% cheaper than in Billings, MT. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,171/month in Billings, MT.

How much can I save per month by moving from Billings, MT to Indianapolis, IN?

Moving from Billings, MT to Indianapolis, IN could save you approximately $889 per month, or $10669 per year, based on a $150,000 salary.

Billings, MT vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Billings, MT — ZIP-level rent data · COL adjusted from Boise, ID area

Current salary in Billings, MT

Numbers update automatically as you type

You'd save $889/month moving to Indianapolis, IN

$150.0K in your current city equals $139.3K in Indianapolis, IN

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

Overall Cost

↓ 11.9%

Less expensive

Monthly Impact

$889

Savings

Annual Impact

$10.7K

Per year

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

Billings, MT

Population:121K

Cost Index:100

Median Home:$365K

Indianapolis, IN

Population:888K

Cost Index:88

Median Home:$176K

Billings, MT

The Treasure State

121K

Population

State Tax

Yes

Located in Montana, this city has a population of 121K 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: Billings, MT vs Indianapolis, IN

Category	Billings, MT	Indianapolis, IN	Difference	Change
🏠Housing	$2,504/mo	$1,949/mo	↓ $555less	22.2%
📦Other	$1,652/mo	$1,590/mo	↓ $61.94less	3.7%
🚗Transportation	$1,234/mo	$1,188/mo	↓ $45.35less	3.7%
🏥Healthcare	$622/mo	$582/mo	↓ $39.37less	6.3%
⚡All Utilities	$469/mo	$503/mo	↑ $33.44more	7.1%
🛒Groceries	$945/mo	$919/mo	↓ $25.63less	2.7%

🏠Housing

↓ 22.2%

Billings, MT

$2,504

Indianapolis, IN

$1,949

Difference

$555

less

📦Other

↓ 3.7%

Billings, MT

$1,652

Indianapolis, IN

$1,590

Difference

$61.94

less

🚗Transportation

↓ 3.7%

Billings, MT

$1,234

Indianapolis, IN

$1,188

Difference

$45.35

less

🏥Healthcare

↓ 6.3%

Billings, MT

$622

Indianapolis, IN

$582

Difference

$39.37

less

⚡All Utilities

↑ 7.1%

Billings, MT

$469

Indianapolis, IN

$503

Difference

$33.44

🛒Groceries

↓ 2.7%

Billings, MT

$945

Indianapolis, IN

$919

Difference

$25.63

less

🏛️ Local Income Taxes

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

Billings, MT 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$839

To$1,030

↑ $191

1 Bed

From$918

To$1,170

↑ $252

2 Bed

From$1,171

To$1,360

↑ $189

3 Bed

From$1,615

To$1,760

↑ $145

Billings, MTZIP-level data

1BR range: $1,060–$1,350/mo

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.

$7,426

Monthly in Billings, MT

$6,732

Monthly in Indianapolis, IN

$694

Difference

Home Values

Billings

Indianapolis

$365K

Median Value

$176K

↑ +0.6%

YoY Change

↓ -1.1%

↑ +38%

5-Year Change

↑ +26.9%

$319K - $524K

Price Range

$109K - $340K

Homes in Indianapolis are 52% less expensive than Billings

Calculate payment - Billings Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $4.7K

Per year

Monthly Difference

$393

More take-home

Effective Rate Diff

3.1%

Rate difference

Billings, MT

Federal Income Tax

Effective: 18.9%

$25.5K

Montana State Tax

Effective: 6.4%

$9.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.1%

$46.6K

Take-Home Pay

$8,618/month

$103.4K

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

Billings, MT Tax Rates

Sales Tax:0.0%

Property Tax:0.8%

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.