Cost of Living: Indianapolis, IN vs Oklahoma City, OK (2026)

Indianapolis

Indiana
74
VS

Oklahoma City

Oklahoma City
74

Indianapolis and Oklahoma City have a similar cost of living.

$1,112/mo ↑ 3%
Median Rent
$1,083/mo ↓ 3%
$62,995/yr ↓ 6%
Median Income
$66,702/yr ↑ 6%
$207,000 ↓ 4%
Home Value
$215,100 ↑ 4%
$1,124/mo ≈ Same
Owner Costs
$1,133/mo ≈ Same
882,043
Population
688,693

Tax Comparison

3.05%
Income Tax
4.75%
7.0%
State Sales Tax
4.5%
0.83%
Property Tax
0.9%

Affordability

21.2%
rent-to-income
Affordability
19.5%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Oklahoma City, OK, 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 $3,707/year higher in Oklahoma City. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $215,100 in Oklahoma City.

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

Frequently Asked Questions

Indianapolis vs Oklahoma City — common questions

Is Indianapolis or Oklahoma City cheaper to live in?
Based on our cost index, Oklahoma City is cheaper to live in with an index of 74 compared to 74 (US average = 100).
What is the rent difference between Indianapolis and Oklahoma City?
Median rent in Indianapolis is $1,112/month and in Oklahoma City it's $1,083/month — a difference of $29/month.
Which city has higher income, Indianapolis or Oklahoma City?
Median household income is $62,995 in Indianapolis and $66,702 in Oklahoma City. Median household income is $3,707/year higher in Oklahoma City.
How do taxes compare between Indiana and Oklahoma?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax.
Should I move to Indianapolis or Oklahoma City?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Oklahoma City has a cost index of 74 with rent of $1,083/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Indianapolis details → View Oklahoma City details →

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