Chico vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 16% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,059/mo in Chico — saving $1,716/year.
Rent by Unit Size
| Unit Size | Chico | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $698 | $568 | $130 |
| 1 Bedroom | $859 | $718 | $141 |
| 2 Bedrooms | $1,059 | $916 | $143 |
| 3 Bedrooms | $1,354 | $1,096 | $258 |
| 4 Bedrooms | $1,491 | $1,191 | $300 |
| Median Income | $66,884 | $51,092 | $15,792 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/yr
Indianapolis-Carmel-Anderson
- Studio
- $568/mo
- 1 BR
- $718/mo
- 2 BR
- $916/mo
- 3 BR
- $1,096/mo
- 4 BR
- $1,191/mo
- Median Income
- $51,092/yr
Frequently Asked Questions
Is Chico or Indianapolis-Carmel-Anderson cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,059/mo in Chico. That's $143/mo or $1,716/year more expensive in Chico (16% higher).
What is the 2-bedroom rent in Chico vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Chico and Indianapolis-Carmel-Anderson?
The median household income in Chico is $66,884/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Chico has the higher median income.
What is the studio rent in Chico vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Chico is $698/mo. In Indianapolis-Carmel-Anderson it is $568/mo.