How EXPENSIVE Is LIVING In INDIANAPOLIS

Looking to relocate to Indianapolis but are wondering about the real cost of living? In this video, we dive deep into the expenses you can expect in Indianapolis. From housing and utilities to groceries and healthcare, we've got you covered.
Indianapolis is the heart of Indiana, it offers a dynamic urban lifestyle with a price tag to match. While Indiana has a cost of living 7% below the national average, Indianapolis itself trends slightly higher, sitting at 2% above the state average due to its dense population and thriving economy.
Let's start with housing. The median home price in Indianapolis stands at $247,500, a $17,500 increase from previous figures. For those considering renting, brace yourself for rates averaging $1,375 for a one-bedroom apartment, $1,775 for a two-bedroom, and over $2,000 for a three-bedroom, with slight fluctuations depending on location and amenities.
Navigating mortgages? The average monthly payment hovers around $1,771, though individual rates vary based on factors like credit score and debt-to-income ratio. The days of great interest rates seem like a distant memory, with current rates holding steady at around 7.2%.
Utility bills add to the mix, with electric costs ranging from $127 to $163 monthly, gas around $103, and cable and internet setting you back roughly $113.
Property taxes, an inevitable part of homeownership, average at 0.75% in Indiana, a tad below the national norm.
When it comes to healthcare, expect a doctor's visit to set you back around $93.38, a dental check-up around $98.03, and an optometrist visit approximately $68.08, though these figures may vary depending on insurance coverage and provider.
And let's not forget about the little ones! Daycare costs can vary widely, ranging from $850 to over $10,000 monthly, particularly in urban hubs like Indianapolis where demand is high.
Finally, we tackle the cost of groceries, comparing prices at popular chains like Walmart, Kroger, Meijer, and Whole Foods, ensuring you're armed with the information needed to budget your weekly shopping trips.
Whether you're eyeing downtown living or the suburbs, understanding the financial landscape of Indianapolis is key to making informed decisions about your future. So, join us as we break down the numbers and uncover the true cost of calling Indianapolis home.
#indianapolis #indianapolisindiana #discoveringcentralindiana #costofliving #relocation
If this is your first time on this channel, and you want to know everything about living in Central Indiana, and the surrounding area, then subscribe and tap the bell for notifications so you can be the first to know about the current market in Central Indiana. We get calls and emails every day from people just like you, looking to make their move to Central Indiana, and we absolutely love it. Whether you're moving in 9 days or 9 months, give us a call, shoot us a text, send us an email or set up a Zoom call so we can help you make a smooth move to Central Indiana.
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Thinking of moving to Central Indiana or the surrounding area?
Call or Text us: 317-763-0294
Email: [e-mail]
Zoom Call: calendly.com/discoveringcentr...
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00:00 Introduction
00:38 Indianapolis Cost Of Housing
01:13 Rent in Indianapolis
01:52 Average Indianapolis Mortgage
02:23 Indianapolis Utilities
03:09 Indianapolis Taxes
03:28 Cost of Health Care in Indianapolis
03:53 Indianapolis Gas Prices
04:08 Indianapolis Day Care Costs
04:48 Learn more about Indianapolis
05:10 Cost of Groceries in Indianapolis
05:58 Cost of Milk
06:52 Cost of Eggs
08:03 Cost of Meat
09:14 Cost of Coffee
10:42 Cost of Beer
12:11 Cost of Bread
14:04 Cost of Peanut Butter
14:59 Cost of Paper Towels
15:48 Conclusion of Indianapolis

[@DiscoveringCentralIndiana]

Thinking of moving to Central Indiana?
Call or Text us: 317-763-0294
Email: [e-mail]
Zoom Call: calendly.com/discoveringcentralindiana

[@ethancook5705]

A lot more expensive than when I grew up there from the 1970s to the 1990s.

[@DiscoveringCentralIndiana]

Yeah, It would be great if everything was cheaper like in the 70’s through the 90’s.

[@gochuckyourself-yf2rz]

There are a lot of ghetto areas in Indianapolis if you're willing to live in one of those neighborhoods you can live quite nicely on $2,000 a month . If you don't mind crime and homeless people and you know lack of shopping opportunities you can live in Indianapolis you know and get a three-bedroom half double or duplex for around $900 a month .