Indianapolis, IN 55+ active adult communities & homes for sale

Indianapolis is the state capital and most populous city in Indiana. Its moderate weather and low cost of living have made it a desirable option for retirees. Besides that, the city is home to plenty of world-class attractions and a variety of amenities which draw in homebuyers looking for Indianapolis 55+ communities.

Climate & Geography

Indianapolis is located in Central Indiana and is home to a humid continental climate. Residents can expect to experience four distinct seasons with hot, humid summers, as well as cold temperatures and moderate snowfall during the winter.

The city is within the Tipton Till Plain, which is a region characterized by flat, gently sloping terrain. There are also medium-sized hills and short ridges found in its outermost areas.

Recreation, Culture & Entertainment

Indianapolis is a major city that is home to plenty of world-class amenities including museums, historical attractions, and skyscrapers. It is the 16th largest city in the U.S and it's also home to the Indiana State Capitol Building. Downtown, residents will find plenty of restaurants and large shopping centers. There is also the Monument Circle which is a large tourist attraction showcasing a collection of monuments and statues.

Aside from its historical appeal, Indianapolis residents can always expect to be near the excitement because of their large sports presence. It is home to the Colts football stadium, the Indy 500 race track, and Victory Field baseball stadium. Not to mention, residents still have an opportunity to enjoy the warm weather by visiting the Indianapolis Zoo or Garfield Park Conservatory.

Cost of Living & Taxes

Compared to the rest of the country, the overall cost of living in Indianapolis is lower by 16.5 percent. This can be attributed to its median housing cost which is well below the U.S median.

The state of Indiana does not tax Social Security benefits and it offers limited exemptions on military and federal civil servant pensions. However, IRAs, 401k plans and private pensions are all subject to taxation. Also, there are several tax breaks for homeowners who are 65+, such as a tax reduction based on their property value. The combined sales tax rate in Indianapolis is at seven percent.

Health Care

Residents of 55+ communities in Indianapolis have a variety of health care options to choose from. There are eight highly rated hospitals and medical centers within Indianapolis. The top three hospitals in the city, as ranked by U.S News, are Indiana University Health Medical Center, Community Hospital East, and St. Vincent Indianapolis Hospital. Indiana University Health Medical Center is nationally ranked in geriatrics and rated high performing in five other adult procedures.