Is Indianapolis, IN cheaper than Clearwater, FL?

Based on cost of living data, Indianapolis, IN is 13.3% cheaper than Clearwater, FL. This translates to saving $997 per month.

What salary do I need in Indianapolis, IN to live like I do in Clearwater, FL?

If you earn $150,000 in Clearwater, FL, you'd need approximately $138,039.813 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Clearwater, FL and Indianapolis, IN?

Housing in Indianapolis, IN is 17.7% cheaper than in Clearwater, FL. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,325/month in Clearwater, FL.

How much can I save per month by moving from Clearwater, FL to Indianapolis, IN?

Moving from Clearwater, FL to Indianapolis, IN could save you approximately $997 per month, or $11960 per year, based on a $150,000 salary.

Clearwater, FL vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Clearwater, FL — COL adjusted from Tampa, FL area + state data

Current salary in Clearwater, FL

Numbers update automatically as you type

You'd save $997/month moving to Indianapolis, IN

$150.0K in your current city equals $138.0K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Tampa-St. Petersburg-Clearwater, FL area

Overall Cost

↓ 13.3%

Less expensive

Monthly Impact

$997

Savings

Annual Impact

$12.0K

Per year

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

Clearwater, FL

Population:117K

Cost Index:100

Median Home:$367K

Indianapolis, IN

Population:888K

Cost Index:87

Median Home:$176K

Clearwater, FL

The Sunshine State

117K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 117K residents.

💡 Advantage: Florida has no state income tax!

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: Clearwater, FL vs Indianapolis, IN

Category	Clearwater, FL	Indianapolis, IN	Difference	Change
🏠Housing	$2,369/mo	$1,949/mo	↓ $420less	17.7%
📦Other	$1,761/mo	$1,590/mo	↓ $171less	9.7%
🛒Groceries	$1,006/mo	$919/mo	↓ $86.65less	8.6%
⚡All Utilities	$566/mo	$503/mo	↓ $63.56less	11.2%
🚗Transportation	$1,251/mo	$1,188/mo	↓ $62.38less	5.0%
🏥Healthcare	$563/mo	$582/mo	↑ $19.82more	3.5%

🏠Housing

↓ 17.7%

Clearwater, FL

$2,369

Indianapolis, IN

$1,949

Difference

$420

less

📦Other

↓ 9.7%

Clearwater, FL

$1,761

Indianapolis, IN

$1,590

Difference

$171

less

🛒Groceries

↓ 8.6%

Clearwater, FL

$1,006

Indianapolis, IN

$919

Difference

$86.65

less

⚡All Utilities

↓ 11.2%

Clearwater, FL

$566

Indianapolis, IN

$503

Difference

$63.56

less

🚗Transportation

↓ 5.0%

Clearwater, FL

$1,251

Indianapolis, IN

$1,188

Difference

$62.38

less

🏥Healthcare

↑ 3.5%

Clearwater, FL

$563

Indianapolis, IN

$582

Difference

$19.82

🏛️ Local Income Taxes

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

Clearwater, FL 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$911

To$1,030

↑ $119

1 Bed

From$1,076

To$1,170

↑ $94.00

2 Bed

From$1,325

To$1,360

↑ $35.00

3 Bed

From$1,822

To$1,760

↓ $62.00

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.

$7,516

Monthly in Clearwater, FL

$6,732

Monthly in Indianapolis, IN

$784

Difference

Home Values

Clearwater

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

↓ $4.8K

More taxes

Monthly Difference

$404

Less take-home

Effective Rate Diff

3.2%

Rate difference

Clearwater, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

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

Clearwater, FL Tax Rates

Sales Tax:7.2%

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.