Cost of Living: Indianapolis, IN vs Irving, TX (2026)

Indianapolis

Indiana
74
VS

Irving

Texas
102

Indianapolis is 27% cheaper than Irving.

$1,112/mo ↓ 27%
Median Rent
$1,517/mo ↑ 36%
$62,995/yr ↓ 21%
Median Income
$79,641/yr ↑ 26%
$207,000 ↓ 28%
Home Value
$287,300 ↑ 39%
$1,124/mo ↓ 26%
Owner Costs
$1,521/mo ↑ 35%
882,043
Population
255,036

Tax Comparison

3.05%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.83%
Property Tax
1.6%

Affordability

21.2%
rent-to-income
Affordability
22.9%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Irving, TX, the overall cost of living indices are 74 and 102 respectively (national median = 100). Rent is $405/month cheaper in Indianapolis, saving renters about $4,860/year.

Median household income is $16,646/year higher in Irving. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $287,300 in Irving.

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

Frequently Asked Questions

Indianapolis vs Irving — common questions

Is Indianapolis or Irving cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 102 (US average = 100).
What is the rent difference between Indianapolis and Irving?
Median rent in Indianapolis is $1,112/month and in Irving it's $1,517/month — a difference of $405/month.
Which city has higher income, Indianapolis or Irving?
Median household income is $62,995 in Indianapolis and $79,641 in Irving. Median household income is $16,646/year higher in Irving.
How do taxes compare between Indiana and Texas?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Indianapolis or Irving?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Irving has a cost index of 102 with rent of $1,517/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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