Is Indianapolis, IN cheaper than Bloomington, MN?

Based on cost of living data, Indianapolis, IN is 16.6% cheaper than Bloomington, MN. This translates to saving $1242 per month.

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

If you earn $150,000 in Bloomington, MN, you'd need approximately $135,098.096 in Indianapolis, IN to maintain the same standard of living.

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

Housing in Indianapolis, IN is 20.1% cheaper than in Bloomington, MN. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,526/month in Bloomington, MN.

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

Moving from Bloomington, MN to Indianapolis, IN could save you approximately $1242 per month, or $14902 per year, based on a $150,000 salary.

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

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Cost of Living Comparison 2026

📍 Bloomington, MN — ZIP-level rent data · COL adjusted from Minneapolis, MN area

Current salary in Bloomington, MN

Numbers update automatically as you type

You'd save $1.2K/month moving to Indianapolis, IN

$150.0K in your current city equals $135.1K in Indianapolis, IN

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

Overall Cost

↓ 16.6%

Less expensive

Monthly Impact

$1,242

Savings

Annual Impact

$14.9K

Per year

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

Bloomington, MN

Population:87K

Cost Index:100

Median Home:$363K

Indianapolis, IN

Population:888K

Cost Index:83

Median Home:$176K

Bloomington, MN

The North Star State

87K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 87K 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: Bloomington, MN vs Indianapolis, IN

Category	Bloomington, MN	Indianapolis, IN	Difference	Change
🏠Housing	$2,439/mo	$1,949/mo	↓ $490less	20.1%
🏥Healthcare	$743/mo	$582/mo	↓ $160less	21.6%
🚗Transportation	$1,332/mo	$1,188/mo	↓ $144less	10.8%
📦Other	$1,713/mo	$1,590/mo	↓ $123less	7.2%
🛒Groceries	$1,011/mo	$919/mo	↓ $91.96less	9.1%
⚡All Utilities	$499/mo	$503/mo	↑ $3.40more	0.7%

🏠Housing

↓ 20.1%

Bloomington, MN

$2,439

Indianapolis, IN

$1,949

Difference

$490

less

🏥Healthcare

↓ 21.6%

Bloomington, MN

$743

Indianapolis, IN

$582

Difference

$160

less

🚗Transportation

↓ 10.8%

Bloomington, MN

$1,332

Indianapolis, IN

$1,188

Difference

$144

less

📦Other

↓ 7.2%

Bloomington, MN

$1,713

Indianapolis, IN

$1,590

Difference

$123

less

🛒Groceries

↓ 9.1%

Bloomington, MN

$1,011

Indianapolis, IN

$919

Difference

$91.96

less

⚡All Utilities

↑ 0.7%

Bloomington, MN

$499

Indianapolis, IN

$503

Difference

$3.40

🏛️ Local Income Taxes

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

Bloomington, 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$1,108

To$1,030

↓ $78.00

1 Bed

From$1,256

To$1,170

↓ $86.00

2 Bed

From$1,526

To$1,360

↓ $166

3 Bed

From$2,019

To$1,760

↓ $259

Bloomington, MNZIP-level data

1BR range: $1,310–$1,730/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.

$7,737

Monthly in Bloomington, MN

$6,732

Monthly in Indianapolis, IN

$1,005

Difference

Home Values

Bloomington

Indianapolis

$363K

Median Value

$176K

↑ +2.6%

YoY Change

↓ -1.1%

↑ +19.7%

5-Year Change

↑ +26.9%

$307K - $389K

Price Range

$109K - $340K

Homes in Indianapolis are 51% less expensive than Bloomington

Calculate payment - Bloomington 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

Bloomington, 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

Bloomington, 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.