Is Indianapolis, IN cheaper than Elizabeth, NJ?

Based on cost of living data, Indianapolis, IN is 18.0% cheaper than Elizabeth, NJ. This translates to saving $1347 per month.

What salary do I need in Indianapolis, IN to live like I do in Elizabeth, NJ?

If you earn $150,000 in Elizabeth, NJ, you'd need approximately $133,830.927 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Elizabeth, NJ and Indianapolis, IN?

Housing in Indianapolis, IN is 2.5% cheaper than in Elizabeth, NJ. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,682/month in Elizabeth, NJ.

How much can I save per month by moving from Elizabeth, NJ to Indianapolis, IN?

Moving from Elizabeth, NJ to Indianapolis, IN could save you approximately $1347 per month, or $16169 per year, based on a $150,000 salary.

Elizabeth, NJ vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Elizabeth, NJ — ZIP-level rent data · COL adjusted from Newark, NJ area

Current salary in Elizabeth, NJ

Numbers update automatically as you type

You'd save $1.3K/month moving to Indianapolis, IN

$150.0K in your current city equals $133.8K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 18.0%

Less expensive

Monthly Impact

$1,347

Savings

Annual Impact

$16.2K

Per year

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

Elizabeth, NJ

Population:136K

Cost Index:100

Median Home:$501K

Indianapolis, IN

Population:888K

Cost Index:82

Median Home:$176K

Elizabeth, NJ

The Garden State

136K

Population

State Tax

Yes

Located in New Jersey, this city has a population of 136K 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: Elizabeth, NJ vs Indianapolis, IN

Category	Elizabeth, NJ	Indianapolis, IN	Difference	Change
📦Other	$1,989/mo	$1,590/mo	↓ $399less	20.0%
🚗Transportation	$1,569/mo	$1,188/mo	↓ $381less	24.3%
🛒Groceries	$1,089/mo	$919/mo	↓ $170less	15.6%
🏥Healthcare	$682/mo	$582/mo	↓ $99.10less	14.5%
⚡All Utilities	$590/mo	$503/mo	↓ $87.50less	14.8%
🏠Housing	$1,998/mo	$1,949/mo	↓ $49.08less	2.5%

📦Other

↓ 20.0%

Elizabeth, NJ

$1,989

Indianapolis, IN

$1,590

Difference

$399

less

🚗Transportation

↓ 24.3%

Elizabeth, NJ

$1,569

Indianapolis, IN

$1,188

Difference

$381

less

🛒Groceries

↓ 15.6%

Elizabeth, NJ

$1,089

Indianapolis, IN

$919

Difference

$170

less

🏥Healthcare

↓ 14.5%

Elizabeth, NJ

$682

Indianapolis, IN

$582

Difference

$99.10

less

⚡All Utilities

↓ 14.8%

Elizabeth, NJ

$590

Indianapolis, IN

$503

Difference

$87.50

less

🏠Housing

↓ 2.5%

Elizabeth, NJ

$1,998

Indianapolis, IN

$1,949

Difference

$49.08

less

🏛️ Local Income Taxes

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

Elizabeth, NJ 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$1,231

To$1,030

↓ $201

1 Bed

From$1,390

To$1,170

↓ $220

2 Bed

From$1,682

To$1,360

↓ $322

3 Bed

From$2,108

To$1,760

↓ $348

Elizabeth, NJZIP-level data

1BR range: $1,600–$1,700/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.

$7,917

Monthly in Elizabeth, NJ

$6,732

Monthly in Indianapolis, IN

$1,185

Difference

Home Values

Elizabeth

Indianapolis

$501K

Median Value

$176K

↑ +4.3%

YoY Change

↓ -1.1%

↑ +55.6%

5-Year Change

↑ +26.9%

$495K - $565K

Price Range

$109K - $340K

Homes in Indianapolis are 65% less expensive than Elizabeth

Calculate payment - Elizabeth 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

Elizabeth, NJ

Federal Income Tax

Effective: 18.9%

$25.5K

New Jersey State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,796/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

Elizabeth, NJ Tax Rates

Sales Tax:6.6%

Property Tax:2.5%

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.