Baltimore, MD vs. Indianapolis, IN: Cost of Living
Side-by-side comparison of Baltimore and Indianapolis, built from Census Bureau ACS 2020-2024 estimates.
The numbers
| Measure | Baltimore, MD | Indianapolis, IN | Difference |
|---|---|---|---|
| Population | 573,243 | 885,860 | +54.5% |
| Median household income | $62,177 | $66,219 | +6.5% |
| Median gross rent (monthly) | $1,331 | $1,156 | -13.1% |
| Median home value | $229,600 | $224,800 | -2.1% |
Difference is Indianapolis, IN relative to Baltimore, MD.
Purchasing power
Using state-level price parities (BEA RPP 2024: Maryland 105.0, Indiana 93.3, U.S. = 100), a $100,000 salary in Baltimore, MD buys about as much as $88,919 in Indianapolis, IN.
State-level price index; city prices within a state vary. See methodology.
Housing affordability
| Measure | Baltimore, MD | Indianapolis, IN |
|---|---|---|
| Salary needed for median rent (30% rule) | $53,240 | $46,240 |
| Rent burden at local median income | 25.7% | 20.9% |
| Est. affordable home price at median income | $226,818 | $241,563 |
Home price assumes 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI, 1.5%/yr taxes+insurance. Not financial advice.
Full city profiles
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.