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

Indianapolis

Indiana
74
VS

Midland

Texas
99

Indianapolis is 25% cheaper than Midland.

$1,112/mo ↓ 21%
Median Rent
$1,407/mo ↑ 27%
$62,995/yr ↓ 31%
Median Income
$91,169/yr ↑ 45%
$207,000 ↓ 31%
Home Value
$298,600 ↑ 44%
$1,124/mo ↓ 23%
Owner Costs
$1,468/mo ↑ 31%
882,043
Population
133,998

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
18.5%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Midland, TX, the overall cost of living indices are 74 and 99 respectively (national median = 100). Rent is $295/month cheaper in Indianapolis, saving renters about $3,540/year.

Median household income is $28,174/year higher in Midland. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $298,600 in Midland.

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

Frequently Asked Questions

Indianapolis vs Midland — common questions

Is Indianapolis or Midland cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 99 (US average = 100).
What is the rent difference between Indianapolis and Midland?
Median rent in Indianapolis is $1,112/month and in Midland it's $1,407/month — a difference of $295/month.
Which city has higher income, Indianapolis or Midland?
Median household income is $62,995 in Indianapolis and $91,169 in Midland. Median household income is $28,174/year higher in Midland.
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 Midland?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Midland has a cost index of 99 with rent of $1,407/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Indianapolis details → View Midland details →

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