Is Indianapolis, IN cheaper than Santa Fe, NM?

Based on cost of living data, Indianapolis, IN is 5.8% cheaper than Santa Fe, NM. This translates to saving $433 per month.

What salary do I need in Indianapolis, IN to live like I do in Santa Fe, NM?

If you earn $150,000 in Santa Fe, NM, you'd need approximately $144,799.255 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Santa Fe, NM and Indianapolis, IN?

Housing in Indianapolis, IN is 2.6% cheaper than in Santa Fe, NM. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,446/month in Santa Fe, NM.

How much can I save per month by moving from Santa Fe, NM to Indianapolis, IN?

Moving from Santa Fe, NM to Indianapolis, IN could save you approximately $433 per month, or $5201 per year, based on a $150,000 salary.

Santa Fe, NM vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Santa Fe, NM — ZIP-level rent data · COL adjusted from Albuquerque, NM area

Current salary in Santa Fe, NM

Numbers update automatically as you type

You'd save $433/month moving to Indianapolis, IN

$150.0K in your current city equals $144.8K in Indianapolis, IN

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

Overall Cost

↓ 5.8%

Less expensive

Monthly Impact

$433

Savings

Annual Impact

$5.2K

Per year

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

Santa Fe, NM

Population:89K

Cost Index:100

Median Home:$553K

Indianapolis, IN

Population:888K

Cost Index:94

Median Home:$176K

Santa Fe, NM

The Land of Enchantment

89K

Population

State Tax

Yes

Located in New Mexico, this city has a population of 89K 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: Santa Fe, NM vs Indianapolis, IN

Category	Santa Fe, NM	Indianapolis, IN	Difference	Change
🚗Transportation	$1,301/mo	$1,188/mo	↓ $113less	8.7%
📦Other	$1,676/mo	$1,590/mo	↓ $85.56less	5.1%
🏠Housing	$2,000/mo	$1,949/mo	↓ $51.42less	2.6%
🏥Healthcare	$538/mo	$582/mo	↑ $44.87more	8.3%
🛒Groceries	$946/mo	$919/mo	↓ $26.42less	2.8%
⚡All Utilities	$496/mo	$503/mo	↑ $7.10more	1.4%

🚗Transportation

↓ 8.7%

Santa Fe, NM

$1,301

Indianapolis, IN

$1,188

Difference

$113

less

📦Other

↓ 5.1%

Santa Fe, NM

$1,676

Indianapolis, IN

$1,590

Difference

$85.56

less

🏠Housing

↓ 2.6%

Santa Fe, NM

$2,000

Indianapolis, IN

$1,949

Difference

$51.42

less

🏥Healthcare

↑ 8.3%

Santa Fe, NM

$538

Indianapolis, IN

$582

Difference

$44.87

🛒Groceries

↓ 2.8%

Santa Fe, NM

$946

Indianapolis, IN

$919

Difference

$26.42

less

⚡All Utilities

↑ 1.4%

Santa Fe, NM

$496

Indianapolis, IN

$503

Difference

$7.10

🏛️ Local Income Taxes

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

Santa Fe, NM 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$1,082

To$1,030

↓ $52.00

1 Bed

From$1,190

To$1,170

↓ $20.00

2 Bed

From$1,446

To$1,360

↓ $86.00

3 Bed

From$1,818

To$1,760

↓ $58.00

Santa Fe, NMZIP-level data

1BR range: $1,440–$1,440/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.

$6,956

Monthly in Santa Fe, NM

$6,732

Monthly in Indianapolis, IN

$224

Difference

Home Values

Santa Fe

Indianapolis

$553K

Median Value

$176K

↓ -0.8%

YoY Change

↓ -1.1%

↑ +25.8%

5-Year Change

↑ +26.9%

$553K

Price Range

$109K - $340K

Homes in Indianapolis are 68% less expensive than Santa Fe

Calculate payment - Santa Fe Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.2K

Per year

Monthly Difference

$185

More take-home

Effective Rate Diff

1.5%

Rate difference

Santa Fe, NM

Federal Income Tax

Effective: 18.9%

$25.5K

New Mexico State Tax

Effective: 4.7%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,826/month

$105.9K

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

Santa Fe, NM Tax Rates

Sales Tax:7.6%

Property Tax:0.8%

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.