Is Indianapolis, IN cheaper than Florence, SC?

Based on cost of living data, Indianapolis, IN is 5.5% cheaper than Florence, SC. This translates to saving $411 per month.

What salary do I need in Indianapolis, IN to live like I do in Florence, SC?

If you earn $150,000 in Florence, SC, you'd need approximately $145,064.199 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Florence, SC and Indianapolis, IN?

Housing in Indianapolis, IN is 11.8% cheaper than in Florence, SC. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,316/month in Florence, SC.

How much can I save per month by moving from Florence, SC to Indianapolis, IN?

Moving from Florence, SC to Indianapolis, IN could save you approximately $411 per month, or $4936 per year, based on a $150,000 salary.

Florence, SC vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Florence, SC — ZIP-level rent data · COL adjusted from Fayetteville, NC area

Current salary in Florence, SC

Numbers update automatically as you type

You'd save $411/month moving to Indianapolis, IN

$150.0K in your current city equals $145.1K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 5.5%

Less expensive

Monthly Impact

$411

Savings

Annual Impact

$4.9K

Per year

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

Florence, SC

Population:41K

Cost Index:100

Median Home:$231K

Indianapolis, IN

Population:888K

Cost Index:95

Median Home:$176K

Florence, SC

The Palmetto State

41K

Population

State Tax

Yes

Located in South Carolina, this city has a population of 41K 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: Florence, SC vs Indianapolis, IN

Category	Florence, SC	Indianapolis, IN	Difference	Change
🏠Housing	$2,210/mo	$1,949/mo	↓ $261less	11.8%
🛒Groceries	$960/mo	$919/mo	↓ $40.22less	4.2%
🏥Healthcare	$601/mo	$582/mo	↓ $18.74less	3.1%
📦Other	$1,608/mo	$1,590/mo	↓ $17.58less	1.1%
⚡All Utilities	$519/mo	$503/mo	↓ $16.53less	3.2%
🚗Transportation	$1,203/mo	$1,188/mo	↓ $14.29less	1.2%

🏠Housing

↓ 11.8%

Florence, SC

$2,210

Indianapolis, IN

$1,949

Difference

$261

less

🛒Groceries

↓ 4.2%

Florence, SC

$960

Indianapolis, IN

$919

Difference

$40.22

less

🏥Healthcare

↓ 3.1%

Florence, SC

$601

Indianapolis, IN

$582

Difference

$18.74

less

📦Other

↓ 1.1%

Florence, SC

$1,608

Indianapolis, IN

$1,590

Difference

$17.58

less

⚡All Utilities

↓ 3.2%

Florence, SC

$519

Indianapolis, IN

$503

Difference

$16.53

less

🚗Transportation

↓ 1.2%

Florence, SC

$1,203

Indianapolis, IN

$1,188

Difference

$14.29

less

🏛️ Local Income Taxes

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

Florence, SC 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$1,111

To$1,030

↓ $81.00

1 Bed

From$1,121

To$1,170

↑ $49.00

2 Bed

From$1,316

To$1,360

↑ $44.00

3 Bed

From$1,686

To$1,760

↑ $74.00

Florence, SCZIP-level data

1BR range: $1,060–$1,180/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.

$7,101

Monthly in Florence, SC

$6,732

Monthly in Indianapolis, IN

$368

Difference

Home Values

Florence

Indianapolis

$231K

Median Value

$176K

↑ +3.5%

YoY Change

↓ -1.1%

↑ +37%

5-Year Change

↑ +26.9%

$227K - $234K

Price Range

$109K - $340K

Homes in Indianapolis are 24% less expensive than Florence

Calculate payment - Florence Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $5.1K

Per year

Monthly Difference

$426

More take-home

Effective Rate Diff

3.4%

Rate difference

Florence, SC

Federal Income Tax

Effective: 18.9%

$25.5K

South Carolina State Tax

Effective: 6.6%

$10.0K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.3%

$47.0K

Take-Home Pay

$8,586/month

$103.0K

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

Florence, SC Tax Rates

Sales Tax:7.4%

Property Tax:0.6%

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.