Quick answer
Overall prices in the Phoenix, AZ metro were 103.3 vs 95.7 in Indianapolis, IN in 2024 (US = 100), so Phoenix is 8.0% more expensive than Indianapolis; housing rents differ by 36% (121.2 vs 88.9). A $75,000 income in Phoenix buys about what $69,468 buys in Indianapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Phoenix | Indianapolis | Phoenix vs Indianapolis |
|---|---|---|---|
| All items | 103.3 | 95.7 | +8.0% |
| Goods | 95.0 | 94.3 | +0.7% |
| Housing (rents) | 121.2 | 88.9 | +36.3% |
| Utilities | 93.3 | 86.4 | +8.1% |
| Other services | 104.0 | 99.1 | +4.9% |
| All items, 2008 | 105.7 | 96.7 | +9.3% |
| $50,000 in Phoenix equals in Indianapolis | $46,312 | ||
| $100,000 in Phoenix equals in Indianapolis | $92,625 | ||
| $150,000 in Phoenix equals in Indianapolis | $138,937 |
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Last updated 2026-10-16. Data only, not financial or tax advice.