Is Indianapolis, IN cheaper than Cottage Grove, MN?

Based on cost of living data, Indianapolis, IN is 13.4% cheaper than Cottage Grove, MN. This translates to saving $1005 per month.

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

If you earn $150,000 in Cottage Grove, MN, you'd need approximately $137,941.861 in Indianapolis, IN to maintain the same standard of living.

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

Housing in Indianapolis, IN is 16.3% cheaper than in Cottage Grove, MN. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,708/month in Cottage Grove, MN.

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

Moving from Cottage Grove, MN to Indianapolis, IN could save you approximately $1005 per month, or $12058 per year, based on a $150,000 salary.

Cottage Grove, MN vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Cottage Grove, MN — ZIP-level rent data · COL adjusted from Saint Paul, MN area

Current salary in Cottage Grove, MN

Numbers update automatically as you type

You'd save $1.0K/month moving to Indianapolis, IN

$150.0K in your current city equals $137.9K in Indianapolis, IN

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

Overall Cost

↓ 13.4%

Less expensive

Monthly Impact

$1,005

Savings

Annual Impact

$12.1K

Per year

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

Cottage Grove, MN

Population:42K

Cost Index:100

Median Home:$384K

Indianapolis, IN

Population:888K

Cost Index:87

Median Home:$176K

Cottage Grove, MN

The North Star State

42K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 42K 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: Cottage Grove, MN vs Indianapolis, IN

Category	Cottage Grove, MN	Indianapolis, IN	Difference	Change
🏠Housing	$2,327/mo	$1,949/mo	↓ $378less	16.3%
🏥Healthcare	$739/mo	$582/mo	↓ $157less	21.2%
🚗Transportation	$1,320/mo	$1,188/mo	↓ $132less	10.0%
🛒Groceries	$1,007/mo	$919/mo	↓ $87.42less	8.7%
📦Other	$1,650/mo	$1,590/mo	↓ $59.36less	3.6%
⚡All Utilities	$497/mo	$503/mo	↑ $5.64more	1.1%

🏠Housing

↓ 16.3%

Cottage Grove, MN

$2,327

Indianapolis, IN

$1,949

Difference

$378

less

🏥Healthcare

↓ 21.2%

Cottage Grove, MN

$739

Indianapolis, IN

$582

Difference

$157

less

🚗Transportation

↓ 10.0%

Cottage Grove, MN

$1,320

Indianapolis, IN

$1,188

Difference

$132

less

🛒Groceries

↓ 8.7%

Cottage Grove, MN

$1,007

Indianapolis, IN

$919

Difference

$87.42

less

📦Other

↓ 3.6%

Cottage Grove, MN

$1,650

Indianapolis, IN

$1,590

Difference

$59.36

less

⚡All Utilities

↑ 1.1%

Cottage Grove, MN

$497

Indianapolis, IN

$503

Difference

$5.64

🏛️ Local Income Taxes

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

Cottage Grove, 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$1,244

To$1,030

↓ $214

1 Bed

From$1,407

To$1,170

↓ $237

2 Bed

From$1,708

To$1,360

↓ $348

3 Bed

From$2,261

To$1,760

↓ $501

Cottage Grove, MNZIP-level data

1BR range: $1,730–$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.

$7,540

Monthly in Cottage Grove, MN

$6,732

Monthly in Indianapolis, IN

$808

Difference

Home Values

Cottage Grove

Indianapolis

$384K

Median Value

$176K

↑ +1.2%

YoY Change

↓ -1.1%

↑ +18.7%

5-Year Change

↑ +26.9%

$384K

Price Range

$109K - $340K

Homes in Indianapolis are 54% less expensive than Cottage Grove

Calculate payment - Cottage Grove 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

Cottage Grove, 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

Cottage Grove, 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.