Is Indianapolis, IN cheaper than Colorado Springs, CO?

Based on cost of living data, Indianapolis, IN is 15.5% cheaper than Colorado Springs, CO. This translates to saving $1165 per month.

What salary do I need in Indianapolis, IN to live like I do in Colorado Springs, CO?

If you earn $150,000 in Colorado Springs, CO, you'd need approximately $136,019.417 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Colorado Springs, CO and Indianapolis, IN?

Housing in Indianapolis, IN is 31.8% cheaper than in Colorado Springs, CO. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,800/month in Colorado Springs, CO.

How much can I save per month by moving from Colorado Springs, CO to Indianapolis, IN?

Moving from Colorado Springs, CO to Indianapolis, IN could save you approximately $1165 per month, or $13981 per year, based on a $150,000 salary.

MoveNumbers

Colorado Springs, CO

Tap to swap

Indianapolis, IN

Cost of Living Comparison 2026

Current salary in Colorado Springs, CO

Numbers update automatically as you type

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

$150.0K in your current city equals $136.0K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Colorado Springs, CO area

Overall Cost

↓ 15.5%

Less expensive

Monthly Impact

$1,165

Savings

Annual Impact

$14.0K

Per year

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

Colorado Springs, CO

Population:479K

Cost Index:100

Median Home:$415K

Indianapolis, IN

Population:888K

Cost Index:84

Median Home:$176K

Colorado Springs, CO

The Centennial State

479K

Population

State Tax

Yes

Located in Colorado, this city has a population of 479K 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: Colorado Springs, CO vs Indianapolis, IN

Category	Colorado Springs, CO	Indianapolis, IN	Difference	Change
🏠Housing	$2,859/mo	$1,949/mo	↓ $910less	31.8%
📦Other	$1,791/mo	$1,590/mo	↓ $201less	11.2%
🚗Transportation	$1,270/mo	$1,188/mo	↓ $81.96less	6.5%
🛒Groceries	$999/mo	$919/mo	↓ $79.94less	8.0%
⚡All Utilities	$454/mo	$503/mo	↑ $49.18more	10.8%
🏥Healthcare	$626/mo	$582/mo	↓ $43.37less	6.9%

🏠Housing

↓ 31.8%

Colorado Springs, CO

$2,859

Indianapolis, IN

$1,949

Difference

$910

less

📦Other

↓ 11.2%

Colorado Springs, CO

$1,791

Indianapolis, IN

$1,590

Difference

$201

less

🚗Transportation

↓ 6.5%

Colorado Springs, CO

$1,270

Indianapolis, IN

$1,188

Difference

$81.96

less

🛒Groceries

↓ 8.0%

Colorado Springs, CO

$999

Indianapolis, IN

$919

Difference

$79.94

less

⚡All Utilities

↑ 10.8%

Colorado Springs, CO

$454

Indianapolis, IN

$503

Difference

$49.18

🏥Healthcare

↓ 6.9%

Colorado Springs, CO

$626

Indianapolis, IN

$582

Difference

$43.37

less

🏛️ Local Income Taxes

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

Colorado Springs, CO 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$1,240

To$1,030

↓ $210

1 Bed

From$1,520

To$1,170

↓ $350

2 Bed

From$1,800

To$1,360

↓ $440

3 Bed

From$2,505

To$1,760

↓ $745

Colorado Springs, COZIP-level data

1BR range: $1,210–$2,050/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.

$7,999

Monthly in Colorado Springs, CO

$6,732

Monthly in Indianapolis, IN

$1,267

Difference

Home Values

Colorado Springs

Indianapolis

$415K

Median Value

$176K

↓ -2.2%

YoY Change

↓ -1.1%

↑ +22.4%

5-Year Change

↑ +26.9%

$314K - $709K

Price Range

$109K - $340K

Homes in Indianapolis are 58% less expensive than Colorado Springs

Calculate payment - Colorado Springs Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $1.8K

Per year

Monthly Difference

$146

More take-home

Effective Rate Diff

1.2%

Rate difference

Colorado Springs, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

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

Colorado Springs, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

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.