Side-by-side cost of living comparison for 2026
14% cheaper
Indianapolis is 14% more affordable than Chicago. A $75,000 salary in Chicago is equivalent to $64,486 in Indianapolis.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: Illinois salaries · Indiana salaries
Housing is typically the biggest factor in any cost-of-living comparison. Chicago has a housing index of 112 while Indianapolis sits at 80 (national average = 100). The median home in Chicago costs $310,000 compared to $220,000 in Indianapolis, a difference of $90,000. Monthly rent follows a similar pattern: $1,700 in Chicago versus $1,100 in Indianapolis.
Groceries and everyday expenses show a notable difference: Chicago scores 104 while Indianapolis scores 98. Both cities are close to the national average for grocery costs.
Healthcare costs in Chicago (101) are higher than Indianapolis (96). Both are close to the national average.
Median household income in Chicago is $62,097 compared to $49,968 in Indianapolis. When adjusted for cost of living, income goes further in Indianapolis.
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