Indianapolis-Carmel vs Tampa-St. Petersburg-Clearwater

Cost of Living Comparison

Indianapolis-Carmel

Gross Salary $70,000
Tax -$9,376
Rent (2BR) -$17,676
Net Income $42,948

To match your lifestyle in Tampa-St. Petersburg-Clearwater, you'd need:

$98,073

The Verdict

Cost of Living Index

Indianapolis-Carmel 87.0
Tampa-St. Petersburg-Clearwater 123.5
Cheaper Avg (100) Pricier

Purchasing Power

Indianapolis-Carmel $49,355
Tampa-St. Petersburg-Clearwater $31,619

Tampa-St. Petersburg-Clearwater

Gross Salary $70,000
Tax -$7,241
Rent (2BR) -$23,724
Net Income $39,035

To match your lifestyle in Indianapolis-Carmel, you'd need:

$50,861

The Bottom Line

On a $70,000 salary, you would have $3,913 more per year in Indianapolis-Carmel compared to Tampa-St. Petersburg-Clearwater. You'd pay $2,135 less in taxes in Tampa-St. Petersburg-Clearwater, while housing costs 34% more. The cost of living in Indianapolis-Carmel is 13% below avg, while Tampa-St. Petersburg-Clearwater is 23% above avg, making Indianapolis-Carmel the more affordable city overall. Your $70,000 salary in Indianapolis-Carmel feels like earning $98,073 in Tampa-St. Petersburg-Clearwater once you factor in taxes, rent, and cost of living. For K-12 education, Tampa-St. Petersburg-Clearwater has a better pupil-teacher ratio (0:1 vs 0:1). College is more affordable in Tampa-St. Petersburg-Clearwater ($20,099 vs $15,250 avg in-state tuition).

K-12 Schools

Indianapolis-Carmel
Tampa-St. Petersburg-Clearwater
Schools
508
589
Enrollment
342,966
415,023
Pupil:Teacher
0:1
0:1
Charter %
8.7%
15.1%
Title I %
0%
0%

Colleges & Universities

Indianapolis-Carmel
Tampa-St. Petersburg-Clearwater
Institutions
26
41
In-State Tuition
$20,099
$15,250
Out-of-State
$21,954
$16,986
Grad Rate
57.4%
60.2%

Frequently Asked Questions

Is Indianapolis-Carmel or Tampa-St. Petersburg-Clearwater more expensive?

Tampa-St. Petersburg-Clearwater is more expensive with a cost of living index of 123.5 vs 87.0 (national average = 100).

What salary in Tampa-St. Petersburg-Clearwater equals $70,000 in Indianapolis-Carmel?

You would need to earn approximately $98,073 in Tampa-St. Petersburg-Clearwater 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 Tampa-St. Petersburg-Clearwater?

Average annual rent for a 2-bedroom apartment is $17,676 in Indianapolis-Carmel and $23,724 in Tampa-St. Petersburg-Clearwater—housing is 34% more in Tampa-St. Petersburg-Clearwater.