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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

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Numbers update automatically as you type

You'd save $330/month moving to Indianapolis, IN

$150.0K in your current city equals $146.0K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Milwaukee-Waukesha, WI area
Overall Cost
4.4%
Less expensive
Monthly Impact
$330
Savings
Annual Impact
$4.0K
Per year

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

Milwaukee, WI

Population:577K
Cost Index:
100
100 = national average
Median Home:$219K

Indianapolis, IN

Population:888K
Cost Index:
96
(4% below avg)
Median Home:$176K

Milwaukee, WI

The Badger State

577K
Population
State Tax
Yes

Located in Wisconsin, this city has a population of 577K 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: Milwaukee, WI vs Indianapolis, IN

Transportation
15.5%
Milwaukee, WI
$1,407
Indianapolis, IN
$1,188
Difference
$219
less
Healthcare
19.0%
Milwaukee, WI
$719
Indianapolis, IN
$582
Difference
$136
less
Groceries
4.2%
Milwaukee, WI
$959
Indianapolis, IN
$919
Difference
$39.97
less
Housing
1.4%
Milwaukee, WI
$1,923
Indianapolis, IN
$1,949
Difference
$25.99
more
Other
1.0%
Milwaukee, WI
$1,607
Indianapolis, IN
$1,590
Difference
$16.74
less
All Utilities
1.1%
Milwaukee, WI
$508
Indianapolis, IN
$503
Difference
$5.46
less

🏛️ Local Income Taxes

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

Milwaukee, WI 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$945
To$1,030
$85.00
1 Bed
From$1,035
To$1,170
$135
2 Bed
From$1,235
To$1,360
$125
3 Bed
From$1,520
To$1,760
$240
Milwaukee, WIZIP-level data

1BR range: $960$1,680/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.

$7,123
Monthly in Milwaukee, WI
$6,732
Monthly in Indianapolis, IN
$391
Difference

Home Values

Milwaukee
Indianapolis
$219K
Median Value
$176K
↑ +3.9%
YoY Change
↓ -1.1%
↑ +44.6%
5-Year Change
↑ +26.9%
$85K - $529K
Price Range
$109K - $340K

Homes in Indianapolis are 20% less expensive than Milwaukee

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
$4.0K
Per year
Monthly Difference
$334
More take-home
Effective Rate Diff
2.7%
Rate difference

Milwaukee, WI

Federal Income Tax
Effective: 18.9%
$25.5K
Wisconsin State Tax
Effective: 5.9%
$8.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.6%
$45.9K
Take-Home Pay
$8,678/month
$104.1K

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

Milwaukee, WI Tax Rates

Sales Tax:5.6%
Property Tax:1.8%

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.

Environment

Milwaukee
Indianapolis
43 Good
Air Quality
54 Moderate
68.6%
Good Air Days
36.6%
98 High
Climate Risk
97 High
🌊🌡🌪
Top Hazards
🌊🌡🌪
+3.3°F
2050 Outlook
+3.1°F
13 days
Heat Days >95°F
18 days
+3.3°F
2050 Outlook
+3.1°F
13 days
Heat Days >95°F
18 days

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

Where your money goes further

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Similar cost to Indianapolis, IN

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