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Cost of Living Comparison 2026

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You'd spend $1.4K/month more in Phoenix, AZ

$150.0K in your current city equals $166.8K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from Indianapolis-Carmel-Anderson, IN area
Overall Cost
↑ 18.6%
More expensive
Monthly Impact
$1,397
Extra cost
Annual Impact
$16.8K
Per year

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

Indianapolis, IN

Population:888K
Cost Index:100
Median Home:$176K

Phoenix, AZ

Population:1608K
Cost Index:119
Median Home:$414K

Indianapolis, IN

The Hoosier State

888K
Population
State Tax
Yes

Located in Indiana, this city has a population of 888K residents.

Phoenix, AZ

The Grand Canyon State

1.6M
Population
State Tax
Yes
Climate
Hot desert

Notable Facts

  • •Fastest growing major city
  • •Desert metropolis
  • •Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Indianapolis, IN vs Phoenix, AZ

🏠Housing
↑ 43.1%
Indianapolis, IN
$1,949
Phoenix, AZ
$2,788
Difference
$839
more
🚗Transportation
↑ 25.3%
Indianapolis, IN
$1,188
Phoenix, AZ
$1,489
Difference
$301
more
📦Other
↑ 5.5%
Indianapolis, IN
$1,590
Phoenix, AZ
$1,677
Difference
$87.05
more
⚡All Utilities
↑ 11.6%
Indianapolis, IN
$503
Phoenix, AZ
$561
Difference
$58.47
more
🛒Groceries
↑ 4.8%
Indianapolis, IN
$919
Phoenix, AZ
$963
Difference
$43.97
more
🏥Healthcare
↑ 1.1%
Indianapolis, IN
$582
Phoenix, AZ
$589
Difference
$6.20
more

🏛️ Local Income Taxes

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

Phoenix, AZ 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$1,030
To$1,390
↑ $360
1 Bed
From$1,170
To$1,510
↑ $340
2 Bed
From$1,360
To$1,750
↑ $390
3 Bed
From$1,760
To$2,330
↑ $570
Indianapolis, INZIP-level data

1BR range: $1,080–$1,870/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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.

$6,732
Monthly in Indianapolis, IN
$8,068
Monthly in Phoenix, AZ
$1,336
Difference

Home Values

Indianapolis
Phoenix
$176K
Median Value
$414K
↓ -1.1%
YoY Change
↓ -3.1%
↑ +26.9%
5-Year Change
↑ +30.2%
$109K - $340K
Price Range
$274K - $957K

Homes in Phoenix are 135% more expensive than Indianapolis

Calculate payment - IndianapolisCalculate payment - Phoenix

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↓ $388
More taxes
Monthly Difference
$32.32
Less take-home
Effective Rate Diff
0.3%
Rate difference

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

Phoenix, AZ

Federal Income Tax
Effective: 18.9%
$25.5K
Arizona State Tax
Effective: 3.5%
$5.2K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 28.2%
$42.2K
Take-Home Pay
$8,979/month
$107.8K

Additional Tax Information

Indianapolis, IN Tax Rates

Sales Tax:7.0%
Property Tax:0.9%

Phoenix, AZ Tax Rates

Sales Tax:8.5%
Property Tax:0.6%

💡 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.

Environment

Indianapolis
Phoenix
54 Moderate
Air Quality
77 Moderate
36.6%
Good Air Days
9%
97 High
Climate Risk
100 Very High
🌊🌡🌪
Top Hazards
🔥🌊🌡
▲+3.1°F
2050 Outlook
▲+2.7°F
18 days
Heat Days >95°F
162 days
▲+3.1°F
2050 Outlook
▲+2.7°F
18 days
Heat Days >95°F
162 days

💰 See how taxes change too — compare take-home pay between Indiana and Arizona on TaxTakeHome.com

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