Is Indianapolis, IN cheaper than Lake Oswego, OR?

Based on cost of living data, Indianapolis, IN is 28.8% cheaper than Lake Oswego, OR. This translates to saving $2159 per month.

What salary do I need in Indianapolis, IN to live like I do in Lake Oswego, OR?

If you earn $150,000 in Lake Oswego, OR, you'd need approximately $124,094.834 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Lake Oswego, OR and Indianapolis, IN?

Housing in Indianapolis, IN is 51.0% cheaper than in Lake Oswego, OR. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,833/month in Lake Oswego, OR.

How much can I save per month by moving from Lake Oswego, OR to Indianapolis, IN?

Moving from Lake Oswego, OR to Indianapolis, IN could save you approximately $2159 per month, or $25905 per year, based on a $150,000 salary.

Lake Oswego, OR vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Lake Oswego, OR — ZIP-level rent data · COL adjusted from Portland, OR area

Current salary in Lake Oswego, OR

Numbers update automatically as you type

You'd save $2.2K/month moving to Indianapolis, IN

$150.0K in your current city equals $124.1K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Portland-Vancouver-Hillsboro, OR-WA area

Overall Cost

↓ 28.8%

Less expensive

Monthly Impact

$2,159

Savings

Annual Impact

$25.9K

Per year

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

Lake Oswego, OR

Population:40K

Cost Index:100

Median Home:$902K

Indianapolis, IN

Population:888K

Cost Index:71

Median Home:$176K

Lake Oswego, OR

The Beaver State

40K

Population

State Tax

Yes

Located in Oregon, this city has a population of 40K 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: Lake Oswego, OR vs Indianapolis, IN

Category	Lake Oswego, OR	Indianapolis, IN	Difference	Change
🏠Housing	$3,978/mo	$1,949/mo	↓ $2,029less	51.0%
🚗Transportation	$1,617/mo	$1,188/mo	↓ $429less	26.5%
📦Other	$1,809/mo	$1,590/mo	↓ $219less	12.1%
🛒Groceries	$1,036/mo	$919/mo	↓ $117less	11.3%
🏥Healthcare	$643/mo	$582/mo	↓ $60.25less	9.4%
⚡All Utilities	$461/mo	$503/mo	↑ $41.87more	9.1%

🏠Housing

↓ 51.0%

Lake Oswego, OR

$3,978

Indianapolis, IN

$1,949

Difference

$2,029

less

🚗Transportation

↓ 26.5%

Lake Oswego, OR

$1,617

Indianapolis, IN

$1,188

Difference

$429

less

📦Other

↓ 12.1%

Lake Oswego, OR

$1,809

Indianapolis, IN

$1,590

Difference

$219

less

🛒Groceries

↓ 11.3%

Lake Oswego, OR

$1,036

Indianapolis, IN

$919

Difference

$117

less

🏥Healthcare

↓ 9.4%

Lake Oswego, OR

$643

Indianapolis, IN

$582

Difference

$60.25

less

⚡All Utilities

↑ 9.1%

Lake Oswego, OR

$461

Indianapolis, IN

$503

Difference

$41.87

🏛️ Local Income Taxes

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

Lake Oswego, OR 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$1,498

To$1,030

↓ $468

1 Bed

From$1,602

To$1,170

↓ $432

2 Bed

From$1,833

To$1,360

↓ $473

3 Bed

From$2,500

To$1,760

↓ $740

Lake Oswego, ORZIP-level data

1BR range: $1,990–$2,020/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.

$9,545

Monthly in Lake Oswego, OR

$6,732

Monthly in Indianapolis, IN

$2,812

Difference

Home Values

Lake Oswego

Indianapolis

$902K

Median Value

$176K

↑ +0.1%

YoY Change

↓ -1.1%

↑ +29.2%

5-Year Change

↑ +26.9%

$720K - $1.08M

Price Range

$109K - $340K

Homes in Indianapolis are 80% less expensive than Lake Oswego

Calculate payment - Lake Oswego Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $10.7K

Per year

Monthly Difference

$889

More take-home

Effective Rate Diff

7.1%

Rate difference

Lake Oswego, OR

Federal Income Tax

Effective: 18.9%

$25.5K

Oregon State Tax

Effective: 10.3%

$15.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 35.0%

$52.5K

Take-Home Pay

$8,123/month

$97.5K

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

Lake Oswego, OR Tax Rates

Sales Tax:0.0%

Property Tax:0.9%

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.