Cost of Living: Indianapolis, IN vs Little Rock, AR (2026)

Indianapolis

Indiana
74
VS

Little Rock

Arkansas
74

Indianapolis and Little Rock have a similar cost of living.

$1,112/mo ↑ 4%
Median Rent
$1,067/mo ↓ 4%
$62,995/yr ↑ 4%
Median Income
$60,583/yr ↓ 4%
$207,000 ↓ 6%
Home Value
$221,200 ↑ 7%
$1,124/mo ↑ 2%
Owner Costs
$1,099/mo ↓ 2%
882,043
Population
202,739

Tax Comparison

3.05%
Income Tax
4.4%
7.0%
State Sales Tax
6.5%
0.83%
Property Tax
0.62%

Affordability

21.2%
rent-to-income
Affordability
21.1%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Little Rock, AR, the overall cost of living indices are 74 and 74 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $2,412/year higher in Indianapolis. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $221,200 in Little Rock.

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

Frequently Asked Questions

Indianapolis vs Little Rock — common questions

Is Indianapolis or Little Rock cheaper to live in?
Based on our cost index, Little Rock is cheaper to live in with an index of 74 compared to 74 (US average = 100).
What is the rent difference between Indianapolis and Little Rock?
Median rent in Indianapolis is $1,112/month and in Little Rock it's $1,067/month — a difference of $45/month.
Which city has higher income, Indianapolis or Little Rock?
Median household income is $62,995 in Indianapolis and $60,583 in Little Rock. Median household income is $2,412/year higher in Indianapolis.
How do taxes compare between Indiana and Arkansas?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Arkansas has 4.4% income tax, 6.5% sales tax, and 0.62% property tax.
Should I move to Indianapolis or Little Rock?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Little Rock has a cost index of 74 with rent of $1,067/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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