Quick answer
Overall prices in the New York, NY metro were 112.6 vs 95.7 in Indianapolis, IN in 2024 (US = 100), so New York is 17.6% more expensive than Indianapolis; housing rents differ by 67% (148.6 vs 88.9). A $75,000 income in New York buys about what $63,762 buys in Indianapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Indianapolis | New York vs Indianapolis |
|---|---|---|---|
| All items | 112.6 | 95.7 | +17.6% |
| Goods | 110.3 | 94.3 | +16.9% |
| Housing (rents) | 148.6 | 88.9 | +67.1% |
| Utilities | 127.0 | 86.4 | +47.1% |
| Other services | 105.8 | 99.1 | +6.8% |
| All items, 2008 | 113.5 | 96.7 | +17.3% |
| $50,000 in New York equals in Indianapolis | $42,508 | ||
| $100,000 in New York equals in Indianapolis | $85,016 | ||
| $150,000 in New York equals in Indianapolis | $127,523 |
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Last updated 2026-10-16. Data only, not financial or tax advice.