Cost of living in the Indianapolis Metro Area
11 counties across IN. Population: 2,106,327.
Last updated May 22, 2026
Rent in the Indianapolis Metro Area
Average rent across the Indianapolis-Carmel-Greenwood metro area, weighted by county population.
Source: HUD FMR + ACS (population-weighted metro average)
Income and earnings in the Indianapolis Metro Area
Earnings data averaged across all 11 counties.
Source: ACS (population-weighted metro average)
Home values in the Indianapolis Metro Area
Average home values and annual property tax across the metro.
Source: ACS (population-weighted metro average)
Energy costs in the Indianapolis Metro Area
Residential electricity and natural gas estimates.
Source: EIA (state averages applied per county, weighted)
All 11 counties in the Indianapolis Metro Area
The Indianapolis-Carmel-Greenwood metro area includes 11 counties. Sorted by population.
- Indianapolis IN$3,076/moPop971,822 Rent$1,097/mo Income$63,450/yrIndianapolis IN 971,822 $1,097/mo $63,450/yr $3,076/mo
- Hamilton County IN$3,475/moPop357,176 Rent$1,097/mo Income$117,957/yrHamilton County IN 357,176 $1,097/mo $117,957/yr $3,475/mo
- Hendricks County IN$3,263/moPop179,379 Rent$1,097/mo Income$99,988/yrHendricks County IN 179,379 $1,097/mo $99,988/yr $3,263/mo
- Johnson County IN$3,198/moPop163,983 Rent$1,097/mo Income$87,227/yrJohnson County IN 163,983 $1,097/mo $87,227/yr $3,198/mo
- Madison County IN$2,737/moPop130,949 Rent$803/mo Income$62,632/yrMadison County IN 130,949 $803/mo $62,632/yr $2,737/mo
- Hancock County IN$3,281/moPop82,013 Rent$1,097/mo Income$91,326/yrHancock County IN 82,013 $1,097/mo $91,326/yr $3,281/mo
- Boone County IN$3,379/moPop72,827 Rent$1,097/mo Income$104,865/yrBoone County IN 72,827 $1,097/mo $104,865/yr $3,379/mo
- Morgan County IN$3,174/moPop72,202 Rent$1,097/mo Income$79,088/yrMorgan County IN 72,202 $1,097/mo $79,088/yr $3,174/mo
- Shelby County IN$3,088/moPop45,104 Rent$1,097/mo Income$71,301/yrShelby County IN 45,104 $1,097/mo $71,301/yr $3,088/mo
- Brown County IN$3,081/moPop15,543 Rent$1,097/mo Income$72,644/yrBrown County IN 15,543 $1,097/mo $72,644/yr $3,081/mo
- Tipton County IN$2,866/moPop15,329 Rent$726/mo Income$78,309/yrTipton County IN 15,329 $726/mo $78,309/yr $2,866/mo
Compare counties in the Indianapolis Metro Area
Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.
Open comparison toolFrequently asked questions about the Indianapolis Metro Area
Common questions about cost of living in the metro area.
What is the cost of living in the Indianapolis Metro Area?
The estimated average cost of living in the Indianapolis-Carmel-Greenwood metro area is approximately $3,169 per month for a single person. This is a population-weighted average across the 11 counties that make up the metro area.
What is the average rent in the Indianapolis Metro Area?
The average one-bedroom rent across the Indianapolis-Carmel-Greenwood metro area is $1,076 per month, based on HUD Fair Market Rent data weighted by county population.
What is the cheapest county in the Indianapolis Metro Area?
Madison County, IN is the most affordable county in the Indianapolis-Carmel-Greenwood metro area at approximately $2,737 per month for a single person.
What is the most expensive county in the Indianapolis Metro Area?
Hamilton County, IN is the most expensive county in the Indianapolis-Carmel-Greenwood metro area at approximately $3,475 per month for a single person.
How many counties are in the Indianapolis Metro Area?
The Indianapolis-Carmel-Greenwood metro area covers 11 counties. The five largest by population are Indianapolis, Hamilton County, Hendricks County, Johnson County, Madison County.
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About this data
All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.