City Comparison · 2026
Indianapolis vs Chicago
Salary, rent, taxes, and purchasing power compared
Purchasing Power
$100k in Indianapolis = $144k in Chicago
Metric
Indianapolis
Chicago
COL Index
✓0.96
1.38
1BR Monthly Rent
✓$1,200/mo
$2,000/mo
2BR Monthly Rent
✓$1,500/mo
$2,600/mo
State Income Tax
IN
IL
$100k Take-Home
✓$75,686
$73,786
$100k Effective Rate
✓24.31%
26.21%
$100k Savings Potential
✓$61,286
$49,786
After-Tax Income by Salary
| Gross Salary | Indianapolis IN | Chicago IL |
|---|---|---|
| $60,000 | $48,418 $4,035/mo · 19.3% eff. | $47,278 $3,940/mo · 21.2% eff. |
| $100,000 | $75,686 $6,307/mo · 24.31% eff. | $73,786 $6,149/mo · 26.21% eff. |
| $150,000 | $108,703 $9,059/mo · 27.53% eff. | $105,853 $8,821/mo · 29.43% eff. |
Frequently Asked Questions
Is Indianapolis or Chicago cheaper to live in?
Indianapolis has a cost-of-living index of 0.96 while Chicago is 1.38 (1.00 = US average). Indianapolis is cheaper overall. 1BR rent in Indianapolis is $1,200/month vs $2,000/month in Chicago.
How much more do you need to earn in Chicago vs Indianapolis?
$100k in Indianapolis = $144k in Chicago. Cost of living in Chicago is higher by 43.7%.
Which city has better after-tax income — Indianapolis or Chicago?
On a $100,000 salary, you take home $75,686 in IN (Indianapolis) and $73,786 in IL (Chicago). After accounting for rent, your annual savings potential is $61,286 in Indianapolis vs $49,786 in Chicago.
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