Is Indianapolis, IN cheaper than Winona, MN?

Based on cost of living data, Indianapolis, IN is 3.5% cheaper than Winona, MN. This translates to saving $260 per month.

What salary do I need in Indianapolis, IN to live like I do in Winona, MN?

If you earn $150,000 in Winona, MN, you'd need approximately $146,883.1 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Winona, MN and Indianapolis, IN?

Housing in Indianapolis, IN is 6.6% cheaper than in Winona, MN. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,021/month in Winona, MN.

How much can I save per month by moving from Winona, MN to Indianapolis, IN?

Moving from Winona, MN to Indianapolis, IN could save you approximately $260 per month, or $3117 per year, based on a $150,000 salary.

Winona, MN vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Winona, MN — COL adjusted from Saint Paul, MN area + state data

Current salary in Winona, MN

Numbers update automatically as you type

You'd save $260/month moving to Indianapolis, IN

$150.0K in your current city equals $146.9K in Indianapolis, IN

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

Overall Cost

↓ 3.5%

Less expensive

Monthly Impact

$260

Savings

Annual Impact

$3.1K

Per year

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

Winona, MN

Population:26K

Cost Index:100

Median Home:$274K

Indianapolis, IN

Population:888K

Cost Index:97

Median Home:$176K

Winona, MN

The North Star State

26K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 26K 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: Winona, MN vs Indianapolis, IN

Category	Winona, MN	Indianapolis, IN	Difference	Change
🏠Housing	$2,088/mo	$1,949/mo	↓ $139less	6.6%
🏥Healthcare	$700/mo	$582/mo	↓ $118less	16.8%
📦Other	$1,480/mo	$1,590/mo	↑ $110more	7.5%
🛒Groceries	$954/mo	$919/mo	↓ $34.21less	3.6%
⚡All Utilities	$471/mo	$503/mo	↑ $31.92more	6.8%
🚗Transportation	$1,184/mo	$1,188/mo	↑ $4.26more	0.4%

🏠Housing

↓ 6.6%

Winona, MN

$2,088

Indianapolis, IN

$1,949

Difference

$139

less

🏥Healthcare

↓ 16.8%

Winona, MN

$700

Indianapolis, IN

$582

Difference

$118

less

📦Other

↑ 7.5%

Winona, MN

$1,480

Indianapolis, IN

$1,590

Difference

$110

🛒Groceries

↓ 3.6%

Winona, MN

$954

Indianapolis, IN

$919

Difference

$34.21

less

⚡All Utilities

↑ 6.8%

Winona, MN

$471

Indianapolis, IN

$503

Difference

$31.92

🚗Transportation

↑ 0.4%

Winona, MN

$1,184

Indianapolis, IN

$1,188

Difference

$4.26

🏛️ Local Income Taxes

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

Winona, MN 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$693

To$1,030

↑ $337

1 Bed

From$839

To$1,170

↑ $331

2 Bed

From$1,021

To$1,360

↑ $339

3 Bed

From$1,459

To$1,760

↑ $301

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.

$6,876

Monthly in Winona, MN

$6,732

Monthly in Indianapolis, IN

$144

Difference

Home Values

Winona

Indianapolis

Median Value

$176K

YoY Change

↓ -1.1%

5-Year Change

↑ +26.9%

Price Range

$109K - $340K

Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $5.6K

Per year

Monthly Difference

$466

More take-home

Effective Rate Diff

3.7%

Rate difference

Winona, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

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

Winona, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

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.