Is Indianapolis, IN cheaper than Vernon Hills, IL?

Based on cost of living data, Indianapolis, IN is 9.8% cheaper than Vernon Hills, IL. This translates to saving $732 per month.

What salary do I need in Indianapolis, IN to live like I do in Vernon Hills, IL?

If you earn $150,000 in Vernon Hills, IL, you'd need approximately $141,219.991 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Vernon Hills, IL and Indianapolis, IN?

Housing in Indianapolis, IN is 20.8% cheaper than in Vernon Hills, IL. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,812/month in Vernon Hills, IL.

How much can I save per month by moving from Vernon Hills, IL to Indianapolis, IN?

Moving from Vernon Hills, IL to Indianapolis, IN could save you approximately $732 per month, or $8780 per year, based on a $150,000 salary.

Vernon Hills, IL vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Vernon Hills, IL — ZIP-level rent data · COL adjusted from Chicago, IL area

Current salary in Vernon Hills, IL

Numbers update automatically as you type

You'd save $732/month moving to Indianapolis, IN

$150.0K in your current city equals $141.2K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area

Overall Cost

↓ 9.8%

Less expensive

Monthly Impact

$732

Savings

Annual Impact

$8.8K

Per year

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

Vernon Hills, IL

Population:27K

Cost Index:100

Median Home:$434K

Indianapolis, IN

Population:888K

Cost Index:90

Median Home:$176K

Vernon Hills, IL

The Prairie State

27K

Population

State Tax

Yes

Located in Illinois, this city has a population of 27K 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: Vernon Hills, IL vs Indianapolis, IN

Category	Vernon Hills, IL	Indianapolis, IN	Difference	Change
🏠Housing	$2,461/mo	$1,949/mo	↓ $512less	20.8%
🚗Transportation	$1,498/mo	$1,188/mo	↓ $310less	20.7%
🛒Groceries	$972/mo	$919/mo	↓ $52.65less	5.4%
📦Other	$1,568/mo	$1,590/mo	↑ $22.76more	1.5%
🏥Healthcare	$562/mo	$582/mo	↑ $20.70more	3.7%
⚡All Utilities	$490/mo	$503/mo	↑ $12.49more	2.5%

🏠Housing

↓ 20.8%

Vernon Hills, IL

$2,461

Indianapolis, IN

$1,949

Difference

$512

less

🚗Transportation

↓ 20.7%

Vernon Hills, IL

$1,498

Indianapolis, IN

$1,188

Difference

$310

less

🛒Groceries

↓ 5.4%

Vernon Hills, IL

$972

Indianapolis, IN

$919

Difference

$52.65

less

📦Other

↑ 1.5%

Vernon Hills, IL

$1,568

Indianapolis, IN

$1,590

Difference

$22.76

🏥Healthcare

↑ 3.7%

Vernon Hills, IL

$562

Indianapolis, IN

$582

Difference

$20.70

⚡All Utilities

↑ 2.5%

Vernon Hills, IL

$490

Indianapolis, IN

$503

Difference

$12.49

🏛️ Local Income Taxes

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

Vernon Hills, IL 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$1,508

To$1,030

↓ $478

1 Bed

From$1,607

To$1,170

↓ $437

2 Bed

From$1,812

To$1,360

↓ $452

3 Bed

From$2,335

To$1,760

↓ $575

Vernon Hills, ILZIP-level data

1BR range: $2,120–$2,120/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.

$7,551

Monthly in Vernon Hills, IL

$6,732

Monthly in Indianapolis, IN

$819

Difference

Home Values

Vernon Hills

Indianapolis

$434K

Median Value

$176K

↑ +5.7%

YoY Change

↓ -1.1%

↑ +43%

5-Year Change

↑ +26.9%

$434K

Price Range

$109K - $340K

Homes in Indianapolis are 59% less expensive than Vernon Hills

Calculate payment - Vernon Hills Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.6K

Per year

Monthly Difference

$215

More take-home

Effective Rate Diff

1.7%

Rate difference

Vernon Hills, IL

Federal Income Tax

Effective: 18.9%

$25.5K

Illinois State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,797/month

$105.6K

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

Vernon Hills, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

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.