Is Indianapolis, IN cheaper than Tampa, FL?

Based on cost of living data, Indianapolis, IN is 15.5% cheaper than Tampa, FL. This translates to saving $1165 per month.

What salary do I need in Indianapolis, IN to live like I do in Tampa, FL?

If you earn $150,000 in Tampa, FL, you'd need approximately $136,019.417 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Tampa, FL and Indianapolis, IN?

Housing in Indianapolis, IN is 27.9% cheaper than in Tampa, FL. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $2,290/month in Tampa, FL.

How much can I save per month by moving from Tampa, FL to Indianapolis, IN?

Moving from Tampa, FL to Indianapolis, IN could save you approximately $1165 per month, or $13981 per year, based on a $150,000 salary.

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Tampa, FL

Tap to swap

Indianapolis, IN

Cost of Living Comparison 2026

Current salary in Tampa, FL

Numbers update automatically as you type

You'd save $1.2K/month moving to Indianapolis, IN

$150.0K in your current city equals $136.0K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Tampa-St. Petersburg-Clearwater, FL area

Overall Cost

↓ 15.5%

Less expensive

Monthly Impact

$1,165

Savings

Annual Impact

$14.0K

Per year

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

Tampa, FL

Population:385K

Cost Index:100

Median Home:$367K

Indianapolis, IN

Population:888K

Cost Index:84

Median Home:$176K

Tampa, FL

The Sunshine State

385K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Major Tampa Bay area
•No state income tax
•Growing tech scene

Major Industries

FinanceTechnologyHealthcareTourism

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: Tampa, FL vs Indianapolis, IN

Category	Tampa, FL	Indianapolis, IN	Difference	Change
🏠Housing	$2,703/mo	$1,949/mo	↓ $754less	27.9%
📦Other	$1,808/mo	$1,590/mo	↓ $218less	12.0%
🛒Groceries	$1,019/mo	$919/mo	↓ $99.93less	9.8%
🚗Transportation	$1,284/mo	$1,188/mo	↓ $95.62less	7.4%
⚡All Utilities	$574/mo	$503/mo	↓ $71.03less	12.4%
🏥Healthcare	$570/mo	$582/mo	↑ $12.39more	2.2%

🏠Housing

↓ 27.9%

Tampa, FL

$2,703

Indianapolis, IN

$1,949

Difference

$754

less

📦Other

↓ 12.0%

Tampa, FL

$1,808

Indianapolis, IN

$1,590

Difference

$218

less

🛒Groceries

↓ 9.8%

Tampa, FL

$1,019

Indianapolis, IN

$919

Difference

$99.93

less

🚗Transportation

↓ 7.4%

Tampa, FL

$1,284

Indianapolis, IN

$1,188

Difference

$95.62

less

⚡All Utilities

↓ 12.4%

Tampa, FL

$574

Indianapolis, IN

$503

Difference

$71.03

less

🏥Healthcare

↑ 2.2%

Tampa, FL

$570

Indianapolis, IN

$582

Difference

$12.39

🏛️ Local Income Taxes

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

Tampa, FL 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$1,850

To$1,030

↓ $820

1 Bed

From$1,960

To$1,170

↓ $790

2 Bed

From$2,290

To$1,360

↓ $930

3 Bed

From$2,930

To$1,760

↓ $1,170

Tampa, FLZIP-level data

1BR range: $1,410–$2,550/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.

$7,958

Monthly in Tampa, FL

$6,732

Monthly in Indianapolis, IN

$1,225

Difference

Home Values

Tampa

Indianapolis

$367K

Median Value

$176K

↓ -4%

YoY Change

↓ -1.1%

↑ +42.1%

5-Year Change

↑ +26.9%

$251K - $989K

Price Range

$109K - $340K

Homes in Indianapolis are 52% less expensive than Tampa

Calculate payment - Tampa 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

Tampa, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida 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

Tampa, FL Tax Rates

Sales Tax:7.2%

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.