Is Indianapolis, IN cheaper than Warwick, RI?

Based on cost of living data, Indianapolis, IN is 32.1% cheaper than Warwick, RI. This translates to saving $2409 per month.

What salary do I need in Indianapolis, IN to live like I do in Warwick, RI?

If you earn $150,000 in Warwick, RI, you'd need approximately $121,086.337 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Warwick, RI and Indianapolis, IN?

Housing in Indianapolis, IN is 52.3% cheaper than in Warwick, RI. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,345/month in Warwick, RI.

How much can I save per month by moving from Warwick, RI to Indianapolis, IN?

Moving from Warwick, RI to Indianapolis, IN could save you approximately $2409 per month, or $28914 per year, based on a $150,000 salary.

Warwick, RI vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Warwick, RI — ZIP-level rent data · COL adjusted from Boston, MA area

Current salary in Warwick, RI

Numbers update automatically as you type

You'd save $2.4K/month moving to Indianapolis, IN

$150.0K in your current city equals $121.1K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Providence-Warwick, RI-MA area

Overall Cost

↓ 32.1%

Less expensive

Monthly Impact

$2,409

Savings

Annual Impact

$28.9K

Per year

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

Warwick, RI

Population:83K

Cost Index:100

Median Home:$396K

Indianapolis, IN

Population:888K

Cost Index:68

Median Home:$176K

Warwick, RI

The Ocean State

83K

Population

State Tax

Yes

Located in Rhode Island, this city has a population of 83K 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: Warwick, RI vs Indianapolis, IN

Category	Warwick, RI	Indianapolis, IN	Difference	Change
🏠Housing	$4,084/mo	$1,949/mo	↓ $2,135less	52.3%
🚗Transportation	$1,575/mo	$1,188/mo	↓ $386less	24.5%
⚡All Utilities	$664/mo	$503/mo	↓ $161less	24.3%
🏥Healthcare	$690/mo	$582/mo	↓ $107less	15.5%
🛒Groceries	$1,001/mo	$919/mo	↓ $81.64less	8.2%
📦Other	$1,570/mo	$1,590/mo	↑ $20.61more	1.3%

🏠Housing

↓ 52.3%

Warwick, RI

$4,084

Indianapolis, IN

$1,949

Difference

$2,135

less

🚗Transportation

↓ 24.5%

Warwick, RI

$1,575

Indianapolis, IN

$1,188

Difference

$386

less

⚡All Utilities

↓ 24.3%

Warwick, RI

$664

Indianapolis, IN

$503

Difference

$161

less

🏥Healthcare

↓ 15.5%

Warwick, RI

$690

Indianapolis, IN

$582

Difference

$107

less

🛒Groceries

↓ 8.2%

Warwick, RI

$1,001

Indianapolis, IN

$919

Difference

$81.64

less

📦Other

↑ 1.3%

Warwick, RI

$1,570

Indianapolis, IN

$1,590

Difference

$20.61

🏛️ Local Income Taxes

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

Warwick, RI 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$1,024

To$1,030

↑ $6.00

1 Bed

From$1,090

To$1,170

↑ $80.00

2 Bed

From$1,345

To$1,360

↑ $15.00

3 Bed

From$1,623

To$1,760

↑ $137

Warwick, RIZIP-level data

1BR range: $1,380–$1,590/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.

$9,583

Monthly in Warwick, RI

$6,732

Monthly in Indianapolis, IN

$2,851

Difference

Home Values

Warwick

Indianapolis

$396K

Median Value

$176K

↑ +2.3%

YoY Change

↓ -1.1%

↑ +48.2%

5-Year Change

↑ +26.9%

$394K - $404K

Price Range

$109K - $340K

Homes in Indianapolis are 55% less expensive than Warwick

Calculate payment - Warwick Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $1.6K

Per year

Monthly Difference

$133

More take-home

Effective Rate Diff

1.1%

Rate difference

Warwick, RI

Federal Income Tax

Effective: 18.9%

$25.5K

Rhode Island State Tax

Effective: 4.3%

$6.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.0%

$43.5K

Take-Home Pay

$8,879/month

$106.5K

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

Warwick, RI Tax Rates

Sales Tax:7.0%

Property Tax:1.4%

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.