Indianapolis-Carmel vs New York
Cost of Living Comparison
Indianapolis-Carmel
To match your lifestyle in New York, you'd need:
$138,965
The Verdict
Cost of Living Index
Purchasing Power
New York
To match your lifestyle in Indianapolis-Carmel, you'd need:
$35,305
The Bottom Line
On a $70,000 salary, you would have $18,354 more per year in Indianapolis-Carmel compared to New York. You'd pay $1,110 more in taxes in New York, while housing costs 98% more. The cost of living in Indianapolis-Carmel is 13% below avg, while New York is 50% above avg, making Indianapolis-Carmel the more affordable city overall. Your $70,000 salary in Indianapolis-Carmel feels like earning $138,965 in New York once you factor in taxes, rent, and cost of living. For K-12 education, New York has a better pupil-teacher ratio (0:1 vs 0:1). College is more affordable in New York ($20,099 vs $19,246 avg in-state tuition).
K-12 Schools
Colleges & Universities
Frequently Asked Questions
Is Indianapolis-Carmel or New York more expensive?
New York is more expensive with a cost of living index of 149.7 vs 87.0 (national average = 100).
What salary in New York equals $70,000 in Indianapolis-Carmel?
You would need to earn approximately $138,965 in New York to maintain the same purchasing power as a $70,000 salary in Indianapolis-Carmel, after accounting for taxes, rent, and cost of living differences.
How much is rent in Indianapolis-Carmel vs New York?
Average annual rent for a 2-bedroom apartment is $17,676 in Indianapolis-Carmel and $34,920 in New York—housing is 98% more in New York.