Cost of Living: Indianapolis, IN vs New Haven, CT (2026)

Indianapolis

Indiana
74
VS

New Haven

Connecticut
95

Indianapolis is 22% cheaper than New Haven.

$1,112/mo ↓ 23%
Median Rent
$1,442/mo ↑ 30%
$62,995/yr ↑ 17%
Median Income
$53,771/yr ↓ 15%
$207,000 ↓ 17%
Home Value
$249,000 ↑ 20%
$1,124/mo ↓ 26%
Owner Costs
$1,520/mo ↑ 35%
882,043
Population
132,893

Tax Comparison

3.05%
Income Tax
6.99%
7.0%
State Sales Tax
6.35%
0.83%
Property Tax
2.15%

Affordability

21.2%
rent-to-income
Affordability
32.2%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and New Haven, CT, the overall cost of living indices are 74 and 95 respectively (national median = 100). Rent is $330/month cheaper in Indianapolis, saving renters about $3,960/year.

Median household income is $9,224/year higher in Indianapolis. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $249,000 in New Haven.

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

Frequently Asked Questions

Indianapolis vs New Haven — common questions

Is Indianapolis or New Haven cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 95 (US average = 100).
What is the rent difference between Indianapolis and New Haven?
Median rent in Indianapolis is $1,112/month and in New Haven it's $1,442/month — a difference of $330/month.
Which city has higher income, Indianapolis or New Haven?
Median household income is $62,995 in Indianapolis and $53,771 in New Haven. Median household income is $9,224/year higher in Indianapolis.
How do taxes compare between Indiana and Connecticut?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Indianapolis or New Haven?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while New Haven has a cost index of 95 with rent of $1,442/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Indianapolis details → View New Haven details →

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