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Business & Economics

Indianapolis ranks as cheapest city for individuals, but not for families

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A new report reviewed what it takes to live a comfortable financial life in the 100 largest cities in the U.S. The study used the estimated living wage needed for various family sizes, produced by the MIT Living Wage Calculator.

Indianapolis ranked as the most affordable for a single adult, but Memphis , Tennessee , ranked No. 28 overall.

For nearly all cities, it costs more to “live comfortably” than it did last year .