Quick answer
Overall prices in the Indianapolis, IN metro were 95.7 vs 91.6 in Birmingham, AL in 2024 (US = 100), so Indianapolis is 4.4% more expensive than Birmingham; housing rents differ by 24% (88.9 vs 71.9). A $75,000 income in Indianapolis buys about what $71,824 buys in Birmingham, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Indianapolis | Birmingham | Indianapolis vs Birmingham |
|---|---|---|---|
| All items | 95.7 | 91.6 | +4.4% |
| Goods | 94.3 | 96.4 | -2.2% |
| Housing (rents) | 88.9 | 71.9 | +23.8% |
| Utilities | 86.4 | 83.8 | +3.0% |
| Other services | 99.1 | 96.7 | +2.5% |
| All items, 2008 | 96.7 | 92.7 | +4.4% |
| $50,000 in Indianapolis equals in Birmingham | $47,883 | ||
| $100,000 in Indianapolis equals in Birmingham | $95,766 | ||
| $150,000 in Indianapolis equals in Birmingham | $143,649 |
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Last updated 2026-10-16. Data only, not financial or tax advice.