Is Indianapolis, IN cheaper than Erie, CO?

Based on cost of living data, Indianapolis, IN is 15.4% cheaper than Erie, CO. This translates to saving $1153 per month.

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

If you earn $150,000 in Erie, CO, you'd need approximately $136,159.732 in Indianapolis, IN to maintain the same standard of living.

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

Housing in Indianapolis, IN is 28.7% cheaper than in Erie, CO. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $2,073/month in Erie, CO.

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

Moving from Erie, CO to Indianapolis, IN could save you approximately $1153 per month, or $13840 per year, based on a $150,000 salary.

Erie, CO vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Erie, CO — ZIP-level rent data · COL adjusted from Denver, CO area

Current salary in Erie, CO

Numbers update automatically as you type

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

$150.0K in your current city equals $136.2K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Denver-Aurora-Lakewood, CO area

Overall Cost

↓ 15.4%

Less expensive

Monthly Impact

$1,153

Savings

Annual Impact

$13.8K

Per year

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

Erie, CO

Population:35K

Cost Index:100

Median Home:$702K

Indianapolis, IN

Population:888K

Cost Index:85

Median Home:$176K

Erie, CO

The Centennial State

35K

Population

State Tax

Yes

Located in Colorado, this city has a population of 35K 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: Erie, CO vs Indianapolis, IN

Category	Erie, CO	Indianapolis, IN	Difference	Change
🏠Housing	$2,732/mo	$1,949/mo	↓ $783less	28.7%
🚗Transportation	$1,366/mo	$1,188/mo	↓ $178less	13.0%
🛒Groceries	$995/mo	$919/mo	↓ $75.71less	7.6%
📦Other	$1,658/mo	$1,590/mo	↓ $68.16less	4.1%
🏥Healthcare	$611/mo	$582/mo	↓ $28.56less	4.7%
⚡All Utilities	$502/mo	$503/mo	↑ $0.86more	0.2%

🏠Housing

↓ 28.7%

Erie, CO

$2,732

Indianapolis, IN

$1,949

Difference

$783

less

🚗Transportation

↓ 13.0%

Erie, CO

$1,366

Indianapolis, IN

$1,188

Difference

$178

less

🛒Groceries

↓ 7.6%

Erie, CO

$995

Indianapolis, IN

$919

Difference

$75.71

less

📦Other

↓ 4.1%

Erie, CO

$1,658

Indianapolis, IN

$1,590

Difference

$68.16

less

🏥Healthcare

↓ 4.7%

Erie, CO

$611

Indianapolis, IN

$582

Difference

$28.56

less

⚡All Utilities

↑ 0.2%

Erie, CO

$502

Indianapolis, IN

$503

Difference

$0.86

🏛️ Local Income Taxes

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

Erie, 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$1,541

To$1,030

↓ $511

1 Bed

From$1,692

To$1,170

↓ $522

2 Bed

From$2,073

To$1,360

↓ $713

3 Bed

From$2,828

To$1,760

↓ $1,068

Erie, COZIP-level data

1BR range: $2,130–$2,130/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.

$7,865

Monthly in Erie, CO

$6,732

Monthly in Indianapolis, IN

$1,133

Difference

Home Values

Erie

Indianapolis

$702K

Median Value

$176K

↓ -2.7%

YoY Change

↓ -1.1%

↑ +24.2%

5-Year Change

↑ +26.9%

$702K

Price Range

$109K - $340K

Homes in Indianapolis are 75% less expensive than Erie

Calculate payment - Erie 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

Erie, 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

Erie, 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.