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

Indianapolis

Indiana
74
VS

Waterbury

Connecticut
76

Indianapolis and Waterbury have a similar cost of living.

$1,112/mo ↓ 6%
Median Rent
$1,180/mo ↑ 6%
$62,995/yr ↑ 22%
Median Income
$51,642/yr ↓ 18%
$207,000 ↑ 12%
Home Value
$185,400 ↓ 10%
$1,124/mo ↓ 12%
Owner Costs
$1,273/mo ↑ 13%
882,043
Population
114,356

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
27.4%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Waterbury, CT, the overall cost of living indices are 74 and 76 respectively (national median = 100). Rent is $68/month cheaper in Indianapolis, saving renters about $816/year.

Median household income is $11,353/year higher in Indianapolis. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $185,400 in Waterbury.

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

Frequently Asked Questions

Indianapolis vs Waterbury — common questions

Is Indianapolis or Waterbury cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 76 (US average = 100).
What is the rent difference between Indianapolis and Waterbury?
Median rent in Indianapolis is $1,112/month and in Waterbury it's $1,180/month — a difference of $68/month.
Which city has higher income, Indianapolis or Waterbury?
Median household income is $62,995 in Indianapolis and $51,642 in Waterbury. Median household income is $11,353/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 Waterbury?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Indianapolis details → View Waterbury details →

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