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

Indianapolis

Indiana
74
VS

Plano

Texas
132

Indianapolis is 44% cheaper than Plano.

$1,112/mo ↓ 38%
Median Rent
$1,792/mo ↑ 61%
$62,995/yr ↓ 42%
Median Income
$108,649/yr ↑ 72%
$207,000 ↓ 53%
Home Value
$440,600 ↑ 113%
$1,124/mo ↓ 39%
Owner Costs
$1,829/mo ↑ 63%
882,043
Population
287,339

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
19.8%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Plano, TX, the overall cost of living indices are 74 and 132 respectively (national median = 100). Rent is $680/month cheaper in Indianapolis, saving renters about $8,160/year.

Median household income is $45,654/year higher in Plano. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $440,600 in Plano.

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

Frequently Asked Questions

Indianapolis vs Plano — common questions

Is Indianapolis or Plano cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 132 (US average = 100).
What is the rent difference between Indianapolis and Plano?
Median rent in Indianapolis is $1,112/month and in Plano it's $1,792/month — a difference of $680/month.
Which city has higher income, Indianapolis or Plano?
Median household income is $62,995 in Indianapolis and $108,649 in Plano. Median household income is $45,654/year higher in Plano.
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 Plano?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Plano has a cost index of 132 with rent of $1,792/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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