Cost of Living: Indianapolis, IN vs Pembroke Pines, FL (2026)

Indianapolis

Indiana
74
VS

Pembroke Pines

Florida
130

Indianapolis is 43% cheaper than Pembroke Pines.

$1,112/mo ↓ 42%
Median Rent
$1,910/mo ↑ 72%
$62,995/yr ↓ 23%
Median Income
$81,675/yr ↑ 30%
$207,000 ↓ 50%
Home Value
$411,700 ↑ 99%
$1,124/mo ↓ 35%
Owner Costs
$1,717/mo ↑ 53%
882,043
Population
170,557

Tax Comparison

3.05%
Income Tax
0%
7.0%
State Sales Tax
6.0%
0.83%
Property Tax
0.86%

Affordability

21.2%
rent-to-income
Affordability
28.1%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Pembroke Pines, FL, the overall cost of living indices are 74 and 130 respectively (national median = 100). Rent is $798/month cheaper in Indianapolis, saving renters about $9,576/year.

Median household income is $18,680/year higher in Pembroke Pines. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $411,700 in Pembroke Pines.

Florida has no state income tax, giving Pembroke Pines residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Indianapolis vs Pembroke Pines — common questions

Is Indianapolis or Pembroke Pines cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 130 (US average = 100).
What is the rent difference between Indianapolis and Pembroke Pines?
Median rent in Indianapolis is $1,112/month and in Pembroke Pines it's $1,910/month — a difference of $798/month.
Which city has higher income, Indianapolis or Pembroke Pines?
Median household income is $62,995 in Indianapolis and $81,675 in Pembroke Pines. Median household income is $18,680/year higher in Pembroke Pines.
How do taxes compare between Indiana and Florida?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Indianapolis or Pembroke Pines?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Pembroke Pines has a cost index of 130 with rent of $1,910/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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