Cost of Living: Indianapolis, IN vs Hialeah, FL (2026)

Indianapolis

Indiana
74
VS

Hialeah

Florida
109

Indianapolis is 32% cheaper than Hialeah.

$1,112/mo ↓ 29%
Median Rent
$1,558/mo ↑ 40%
$62,995/yr ↑ 19%
Median Income
$53,079/yr ↓ 16%
$207,000 ↓ 42%
Home Value
$359,200 ↑ 74%
$1,124/mo ↓ 22%
Owner Costs
$1,448/mo ↑ 29%
882,043
Population
221,901

Tax Comparison

3.05%
Income Tax
0%
7.0%
State Sales Tax
6.0%
0.83%
Property Tax
0.86%

Affordability

21.2%
rent-to-income
Affordability
35.2%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Hialeah, FL, the overall cost of living indices are 74 and 109 respectively (national median = 100). Rent is $446/month cheaper in Indianapolis, saving renters about $5,352/year.

Median household income is $9,916/year higher in Indianapolis. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $359,200 in Hialeah.

Florida has no state income tax, giving Hialeah residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Indianapolis vs Hialeah — common questions

Is Indianapolis or Hialeah cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 109 (US average = 100).
What is the rent difference between Indianapolis and Hialeah?
Median rent in Indianapolis is $1,112/month and in Hialeah it's $1,558/month — a difference of $446/month.
Which city has higher income, Indianapolis or Hialeah?
Median household income is $62,995 in Indianapolis and $53,079 in Hialeah. Median household income is $9,916/year higher in Indianapolis.
How do taxes compare between Indiana and Florida?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Indianapolis or Hialeah?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Hialeah has a cost index of 109 with rent of $1,558/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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