Cost of Living: Indianapolis, IN vs Colorado Springs, CO (2026)

Indianapolis

Indiana
74
VS

Colorado Springs

Colorado
119

Indianapolis is 38% cheaper than Colorado Springs.

$1,112/mo ↓ 29%
Median Rent
$1,562/mo ↑ 40%
$62,995/yr ↓ 24%
Median Income
$83,198/yr ↑ 32%
$207,000 ↓ 51%
Home Value
$420,700 ↑ 103%
$1,124/mo ↓ 29%
Owner Costs
$1,592/mo ↑ 42%
882,043
Population
483,099

Tax Comparison

3.05%
Income Tax
4.4%
7.0%
State Sales Tax
2.9%
0.83%
Property Tax
0.51%

Affordability

21.2%
rent-to-income
Affordability
22.5%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Colorado Springs, CO, the overall cost of living indices are 74 and 119 respectively (national median = 100). Rent is $450/month cheaper in Indianapolis, saving renters about $5,400/year.

Median household income is $20,203/year higher in Colorado Springs. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $420,700 in Colorado Springs.

Indiana has a lower income tax rate, making Indianapolis slightly more tax-friendly.

Frequently Asked Questions

Indianapolis vs Colorado Springs — common questions

Is Indianapolis or Colorado Springs cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 119 (US average = 100).
What is the rent difference between Indianapolis and Colorado Springs?
Median rent in Indianapolis is $1,112/month and in Colorado Springs it's $1,562/month — a difference of $450/month.
Which city has higher income, Indianapolis or Colorado Springs?
Median household income is $62,995 in Indianapolis and $83,198 in Colorado Springs. Median household income is $20,203/year higher in Colorado Springs.
How do taxes compare between Indiana and Colorado?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Indianapolis or Colorado Springs?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Colorado Springs has a cost index of 119 with rent of $1,562/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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