Is Indianapolis, IN cheaper than Carpentersville, IL?

Based on cost of living data, Indianapolis, IN is 9.7% cheaper than Carpentersville, IL. This translates to saving $725 per month.

What salary do I need in Indianapolis, IN to live like I do in Carpentersville, IL?

If you earn $150,000 in Carpentersville, IL, you'd need approximately $141,297.225 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Carpentersville, IL and Indianapolis, IN?

Housing in Indianapolis, IN is 20.7% cheaper than in Carpentersville, IL. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,386/month in Carpentersville, IL.

How much can I save per month by moving from Carpentersville, IL to Indianapolis, IN?

Moving from Carpentersville, IL to Indianapolis, IN could save you approximately $725 per month, or $8703 per year, based on a $150,000 salary.

Carpentersville, IL vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Carpentersville, IL — ZIP-level rent data · COL adjusted from Chicago, IL area

Current salary in Carpentersville, IL

Numbers update automatically as you type

You'd save $725/month moving to Indianapolis, IN

$150.0K in your current city equals $141.3K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area

Overall Cost

↓ 9.7%

Less expensive

Monthly Impact

$725

Savings

Annual Impact

$8.7K

Per year

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

Carpentersville, IL

Population:37K

Cost Index:100

Median Home:$278K

Indianapolis, IN

Population:888K

Cost Index:90

Median Home:$176K

Carpentersville, IL

The Prairie State

37K

Population

State Tax

Yes

Located in Illinois, this city has a population of 37K 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: Carpentersville, IL vs Indianapolis, IN

Category	Carpentersville, IL	Indianapolis, IN	Difference	Change
🏠Housing	$2,459/mo	$1,949/mo	↓ $510less	20.7%
🚗Transportation	$1,497/mo	$1,188/mo	↓ $309less	20.6%
🛒Groceries	$972/mo	$919/mo	↓ $52.19less	5.4%
📦Other	$1,566/mo	$1,590/mo	↑ $24.25more	1.5%
🏥Healthcare	$561/mo	$582/mo	↑ $20.97more	3.7%
⚡All Utilities	$490/mo	$503/mo	↑ $12.72more	2.6%

🏠Housing

↓ 20.7%

Carpentersville, IL

$2,459

Indianapolis, IN

$1,949

Difference

$510

less

🚗Transportation

↓ 20.6%

Carpentersville, IL

$1,497

Indianapolis, IN

$1,188

Difference

$309

less

🛒Groceries

↓ 5.4%

Carpentersville, IL

$972

Indianapolis, IN

$919

Difference

$52.19

less

📦Other

↑ 1.5%

Carpentersville, IL

$1,566

Indianapolis, IN

$1,590

Difference

$24.25

🏥Healthcare

↑ 3.7%

Carpentersville, IL

$561

Indianapolis, IN

$582

Difference

$20.97

⚡All Utilities

↑ 2.6%

Carpentersville, IL

$490

Indianapolis, IN

$503

Difference

$12.72

🏛️ Local Income Taxes

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

Carpentersville, IL 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$1,151

To$1,030

↓ $121

1 Bed

From$1,227

To$1,170

↓ $57.00

2 Bed

From$1,386

To$1,360

↓ $26.00

3 Bed

From$1,787

To$1,760

↓ $27.00

Carpentersville, ILZIP-level data

1BR range: $1,620–$1,620/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.

$7,545

Monthly in Carpentersville, IL

$6,732

Monthly in Indianapolis, IN

$813

Difference

Home Values

Carpentersville

Indianapolis

$278K

Median Value

$176K

↑ +4.2%

YoY Change

↓ -1.1%

↑ +42.6%

5-Year Change

↑ +26.9%

$278K

Price Range

$109K - $340K

Homes in Indianapolis are 37% less expensive than Carpentersville

Calculate payment - Carpentersville Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.6K

Per year

Monthly Difference

$215

More take-home

Effective Rate Diff

1.7%

Rate difference

Carpentersville, IL

Federal Income Tax

Effective: 18.9%

$25.5K

Illinois State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,797/month

$105.6K

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

Carpentersville, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

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.