Is Indianapolis, IN affordable on a $2,900,000 salary?
YES
On $2,900,000/yr, the typical $295,921 home in Indianapolis, IN needs $87,394/yr ($2,039/mo). Your gap: +$2,812,606 — housing would be 0.8% of your gross income.
The math
295,921 price − 10% down (29,592) = 266,329 loan
30-yr fixed at 6.49% on 266,329 = 1,682/mo principal+interest
+ 358/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,039/mo PITI ÷ 0.28 = 7,283/mo → 87,394/yr required
against Zillow ZHVI 2026-05 and the 6.49% FRED 30-yr rate (2026-06-25).
What salary WOULD clear Indianapolis, IN?
You need about $87,394/yr for the typical home. On $2,900,000 you already clear it by $2,812,606.