I live in INDY and I love it here. The cost of living is pretty cheap and we have a pretty good BDM shop here in town. There is very little traffic (compared to Chicago) and the town is a good size town with lots to do but has a smaller town feel in my opinion. In my opinion all of the good riding starts about 30 minutes south of town but it is all really good stuff though. Let me know if you want any suggestions on where to live.
farley