Many new developments are cropping up downtown. | Photo via @iandefelice
With Indy constantly growing and announcing new developments this year, we figured it was time to talk about the cost of planting some roots in the Circle City.
The median household income in Marion County is $51,219, according to the US Census Bureau. State-wise, Indiana is No. 35 in the country for median income at ~$58,116 per household.
The overall cost of living in Indy is lower than the national average, but higher than the rest of the state. This also goes for the cost of healthcare,groceries, housing, transportation, and other miscellaneous expenses.
Breaking down the numbers
Hypothetically speaking, if you live in a household that brings in $50,000 annually — according to experts — you shouldn’t spend more than 30% of your monthly gross income on rent and utilities. Don’t worry, we did the math for you — your max monthly budget would be $1,250. The average monthly rent for an apartment in Indy is $1,108 — leaving you little to no wiggle room.
According to a recent study by Attom Data Solutions, it’s actually more affordable to buy a home in Marion County than to rent.
Take a look at the chart below to see how Indy’s cost of living compares to that of the Fort Wayne, IN.
Interested in seeing Indy’s cost of living compared to cities in other states? We played around on nerdwallet’s cost of living calculator, where you can put in any city along with your current pre-tax household income to find out what other cities you could actually afford to live in.
We took a look at the cost of living in Indy compared to Chicago, IL. Here’s what we found:
The cost of living is 33% higher in Chicago.
To maintain our standard of living, we would need to bring in $66,612 to our Hoosier household.
The median cost for a two-bedroom apartment is $2,210, which is $1,138 more than Indy.
Most robotic automation is complex and expensive, but Ally Robotic’s programming-free robots represent a step forward for affordable automation. | Photo provided by Ally Robotics
The year is 2022. Robotics company CEO Mitch Tolson is tasked with automating production in a popular fast food chain— and he invents a new type of robot to do it.
It’s not science fiction — Ally Robotics has created a first-of-its-kind scalable robot that bypasses the need for programming and learns by watching humans work.
Hoosiers are invited to invest in robotic technology (a $114 billion market)beforeit rolls out across agriculture, construction, and manufacturing industries — the investment deadline is Thurs., Sept. 29.*
Sierra — a discount outdoor retailer — is on its way to Carmel for its first location in Indiana. The 17,855-sqft space at 10025 N. Michigan Rd. will offer brands like Eddie Bauer + Columbia Sportswear.🌲 (IBJ)
In spring 2023, Patachou plans to open a breakfast + lunch spot in The Lemon Bar’s former location in Zionsville. Because of the size of the building on 95 E. Pine St., the classic menu will be an edited version — don’t worry, cinnamon toast is expected to make the cut. 🍳 (IBJ)
To round out another baseball season, the Indians are hosting Fan Appreciation Weekend today + tomorrow, during which there will be a Circle City jersey auction and scratch-offs to win prizes. Plus, don’t miss the fireworks after each game. Get the details. ⚾
Changes are coming this football season, Hoosiers. Lucas Oil Stadium rolled out a list of new amenities + updates, including mobile parking passes, a sensory wall, grab-and-go concessions, larger video boards, and phone charging stations. See the full list. 🏈 (WISH)
IND was given even more accolades this week — landingon the top of the J.D. Power North America Airport Satisfaction Survey for medium-sized airports for the fifth time. The study was based on 26,000+ surveys and IND received an overall customer satisfaction rating of 842 out of 1,000. ✈️ (IBJ)
The Eighteen + GANGGANG will be presenting a new exhibit at Newfields entitled “We the Culture: Works by the Eighteen Art Collective.” Starting today, you can works that celebrate an inclusive future by the artists responsible for the Black Lives Matter mural formerly on Indiana Avenue. Learn more and get tickets. 🎨
Big Lew’s Tattoos, which opened just south of downtown in June, was opened by a 21-year-old. Samuel Lewis is perhaps Indiana’s newest + youngest professional tattoo shop owner and he started doing tattoos on himself at 14. The average age of a tattoo shop owner is 41. (WTHR)
Time to feel the fall breeze + enjoy the autumn leaves with the Fall For Your City Sale happening now on Six & Main, INDYtoday’s online shop. Take 20% off the entire Fall For Your City Collection now through Sun., Sept. 25.
Show your support for local journalism by joining the INDYtoday membership program. Membership has some awesome perks like member-only birthday deals, discounts from our online shop,Six & Main + more. Plus, 100% of membership funds help support our local editors — that’s us, Nicole + Anna.Learn more + sign up. 💻
Cleaning and staging and strangers, oh my. Did you know you can get an offer on your house without a single in-person showing? Learn how.*
We’ve all been there — trouble falling and staying asleep is infuriating. Your mind races, you toss and turn, and the harder you try, the harder it is to drift off.Healthycell is a new, drug-free, pill-free sleep supplement to help you fall asleep faster, sleep deeply + wake up refreshed.Use code 6AM for 20% off.*
Content marked with an * is brought to you by our advertising partners and helps make this newsletter free.
You can find the Sanitary Diner at 99 Cruse St. | Photo by INDYtoday team
The possibilities are endless for this vacant diner tucked just behind Futuro on the near east side.
When we posted about this hidden gem back in January, you all seemed very interested in learning about its current status. Well, it looks like that’s still being decided.
It appears it’s currently occupied by 1820 Ventures LLC, who recently asked its Instagram followers what should be done with the space, saying “it really wants to be the epicenter of Elevator Hill.”
If you ask us, we think it should remain a diner + serve all the Hoosier classics — tenderloins, sweet corn, and sugar cream pie. What would you like to see?
We know what you’re thinking: what’s up with the name? The decision to call it “The Sanitary Diner” was apparently meant to advertise its cleanlinessback in the 1930s, when tuberculosis was still prevalent.
Content marked with an * was created in partnership with 6AM City’s advertising partners. Paid content helps keep this newsletter free. 6AM City may also receive a commission on purchases made through affiliate links in this newsletter.