Indianapolis, Indiana is a big city with a population of 846,674 residents. Not a fan of sitting in traffic? One big advantage of living in Indianapolis is the reasonable commute times to work. With an average one way commute time of 23 minutes, getting to work is faster than the national average of 26 minutes.
Are you trying to decide if living in Indianapolis is the right fit for your lifestyle? To ensure a fulfilling experience before relocating to any new city in Indiana, you will probably want to make sure that you check all of the most important boxes. Using the livability score which includes data from categories like amenities, crime, education, you can easily compare the best places to live in Indianapolis and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Indianapolis to Indiana and the national average.
Indianapolis has a livability score of 69/100 and is ranked #320 in Indiana and #11,480 in the USA. If we probe a little deeper into each category within the livability score, we see that Indianapolis has higher than average rankings for the following: amenities (A+), cost of living (B) and housing (B+). There are some categories that Indianapolis scores poorly for, including: crime (F) and employment (D-). It might be worth taking a closer look to determine why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Indianapolis on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Here are some of the more popular things to do in Indianapolis: Children's Museum of Indianapolis, Indianapolis Zoo, and Indianapolis Motor Speedway and Hall of Fame Museum.
Finding affordable real estate and apartments for rent in Indianapolis can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Indianapolis is actually affordable. Median real estate prices in Indianapolis come in at $120,400, which is 4.8% lower than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Indianapolis, the home price to income ratio is 2.8, which is 12% higher than the Indiana average. Year over year appreciation rates for homes in the Indianapolis area were 12.1% and the 5 year appreciation rates came in at 8.4%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.