Is Indianapolis, IN cheaper than Olympia, WA?

Based on cost of living data, Indianapolis, IN is 20.6% cheaper than Olympia, WA. This translates to saving $1548 per month.

What salary do I need in Indianapolis, IN to live like I do in Olympia, WA?

If you earn $150,000 in Olympia, WA, you'd need approximately $131,429.17 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Olympia, WA and Indianapolis, IN?

Housing in Indianapolis, IN is 34.4% cheaper than in Olympia, WA. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,575/month in Olympia, WA.

How much can I save per month by moving from Olympia, WA to Indianapolis, IN?

Moving from Olympia, WA to Indianapolis, IN could save you approximately $1548 per month, or $18571 per year, based on a $150,000 salary.

Olympia, WA vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Olympia, WA — ZIP-level rent data · COL adjusted from Tacoma, WA area

Current salary in Olympia, WA

Numbers update automatically as you type

You'd save $1.5K/month moving to Indianapolis, IN

$150.0K in your current city equals $131.4K in Indianapolis, IN

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

Overall Cost

↓ 20.6%

Less expensive

Monthly Impact

$1,548

Savings

Annual Impact

$18.6K

Per year

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

Olympia, WA

Population:56K

Cost Index:100

Median Home:$542K

Indianapolis, IN

Population:888K

Cost Index:79

Median Home:$176K

Olympia, WA

The Evergreen State

56K

Population

State Tax

No Income Tax

Located in Washington, this city has a population of 56K residents.

💡 Advantage: Washington has no state income tax!

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: Olympia, WA vs Indianapolis, IN

Category	Olympia, WA	Indianapolis, IN	Difference	Change
🏠Housing	$2,972/mo	$1,949/mo	↓ $1,023less	34.4%
🚗Transportation	$1,842/mo	$1,188/mo	↓ $654less	35.5%
🏥Healthcare	$812/mo	$582/mo	↓ $229less	28.2%
🛒Groceries	$1,063/mo	$919/mo	↓ $144less	13.5%
⚡All Utilities	$474/mo	$503/mo	↑ $29.10more	6.1%
📦Other	$1,591/mo	$1,590/mo	↓ $1.14less	0.1%

🏠Housing

↓ 34.4%

Olympia, WA

$2,972

Indianapolis, IN

$1,949

Difference

$1,023

less

🚗Transportation

↓ 35.5%

Olympia, WA

$1,842

Indianapolis, IN

$1,188

Difference

$654

less

🏥Healthcare

↓ 28.2%

Olympia, WA

$812

Indianapolis, IN

$582

Difference

$229

less

🛒Groceries

↓ 13.5%

Olympia, WA

$1,063

Indianapolis, IN

$919

Difference

$144

less

⚡All Utilities

↑ 6.1%

Olympia, WA

$474

Indianapolis, IN

$503

Difference

$29.10

📦Other

↓ 0.1%

Olympia, WA

$1,591

Indianapolis, IN

$1,590

Difference

$1.14

less

🏛️ Local Income Taxes

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

Olympia, WA 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$1,237

To$1,030

↓ $207

1 Bed

From$1,352

To$1,170

↓ $182

2 Bed

From$1,575

To$1,360

↓ $215

3 Bed

From$2,103

To$1,760

↓ $343

Olympia, WAZIP-level data

1BR range: $1,640–$1,710/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.

$8,754

Monthly in Olympia, WA

$6,732

Monthly in Indianapolis, IN

$2,022

Difference

Home Values

Olympia

Indianapolis

$542K

Median Value

$176K

↑ +0.5%

YoY Change

↓ -1.1%

↑ +27.7%

5-Year Change

↑ +26.9%

$539K - $562K

Price Range

$109K - $340K

Homes in Indianapolis are 68% less expensive than Olympia

Calculate payment - Olympia Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $4.8K

More taxes

Monthly Difference

$404

Less take-home

Effective Rate Diff

3.2%

Rate difference

Olympia, WA

Federal Income Tax

Effective: 18.9%

$25.5K

Washington State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

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

Olympia, WA Tax Rates

Sales Tax:9.2%

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.