Memphis, TN vs Indianapolis, IN
Moving from Memphis to Indianapolis? Here's what changes — from your equivalent salary to housing ($247,229 → $295,921 median home) and taxes.
Memphis vs Indianapolis at a glance
Bars scaled to the range across all 200 metros; labels show actual values.
To keep the same standard of living as $100,000 in Memphis, TN, you'd need about $102,940 in Indianapolis, IN (+$2,940).
Livability — Memphis, TN: 70 · Indianapolis, IN: 71 (0–100).
What your home budget buys
A $500,000 home budget gets you about 4,045 sqft in Memphis vs 3,211 sqft in Indianapolis ($124 vs $156 per sqft).
Annual cost breakdown (at $100,000)
| Category | Memphis, TN | Indianapolis, IN | Difference |
|---|---|---|---|
| Housing | $17,292 | $18,636 | +$1,344 |
| Groceries | $4,715 | $4,740 | +$25 |
| Transportation | $3,130 | $3,250 | +$120 |
| Utilities | $1,608 | $1,932 | +$324 |
| Insurance | $2,200 | $1,600 | −$600 |
| Taxes | $5,158 | $7,367 | +$2,210 |
| Total | $34,103 | $37,525 | +$3,422 |
Side by side
| Metric | Memphis, TN | Indianapolis, IN |
|---|---|---|
| Cost-of-living index | 91.9 | 94.7 |
| Unemployment rate | 6.84% | 4.28% |
| Population growth (5-yr) | -0.6% | 6.1% |
| Air quality (median AQI) | 56 | 55 |
| Big Mac price (est.) | $5.23 | $5.39 |
| Median home price | $247,229 | $295,921 |
| Home price ÷ income | 4.0× | 4.0× |
| 1-yr home appreciation | 0.1% | 1.3% |
| Price per square foot | $124 | $156 |
| Median rent | $1,441 | $1,553 |
| Total tax burden (% income) | 7.6% | 9.3% |
| Combined sales tax | 9.55% | 7.00% |
| Capital gains tax | None | 3.05% |
| Property tax rate | 0.87% | 0.84% |
| Healthcare (annual) | $6,300 | $6,600 |
| Childcare (annual, infant) | $9,000 | $12,000 |
| Vehicle property tax | None | 1.20% |
| Avg commute (min) | 24 | 25 |
| Home insurance / yr | $2,200 | $1,600 |
| Auto insurance / yr | $1,600 | $1,400 |
| Flood insurance / yr | $700 | $600 |
| Earthquake insurance / yr | $350 | $100 |
| Electricity ¢/kWh | 14.9 | 17.9 |
| Gas $/gal | 2.95 | 3.30 |
| Violent crime /100k | 600 | 360 |
| Avg summer high °F | 89 | 86 |
| Avg winter low °F | 30 | 20 |
| Permit difficulty (1–5) | 2 | 2 |