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The avg July high is 85.6 °F (29.8 °C), with the low being 65.2 °F (18.4 °C). January highs avg 34.5 °F (1.4 °C), and lows 18.5 °F (-7.5 °C). The record high for Indianapolis is 107 °F (42 °C), on July 25th, 1954. The record low is -27 °F (-33 °C), on January 19th, 1994. Snowfall varies from about 20 to 30 inches (500–760 mm) a year.

Indianapolis has a humid continental weather (Koppen weather classification Dfa). Like most cities in the Midwest, it has four distinct seasons. Summers are hot and humid, with avg high temperatures approaching 90 °F (32 °C), with days approaching or exceeding 100 °F (38 °C) not unheard of. Spring and autumn are usually pleasant, with temperatures reaching around 65 °F (18 °C). Spring, however, is much less predictable than autumn; midday temperature drops exceeding 30 °F (17 °C) are common during March and April, and instances of very warm days (86 °F; 30 °C) followed inside 36 hours by snowfall are not unheard of during these months. Winters are cool to cold, with daily highs barely inching above freezing. Temperatures occasionally fall below 0 °F (-18 °C). The rainiest months are in the spring and summer, with avg rainfalls of over four inches per month, but these avgs fluctuate only slightly throughout the year.

Physically, Indianapolis is similar to many other Midwestern cities. A mix of deciduous forests and prairie covered much of what is considered Indianapolis prior to the 19th century. Land inside the city limits varies from flat to gently sloping; most of the changes in elevation are so gradual that they go unnoticed, and appear to be flat from close distances. The mean elevation for Indianapolis is 717 feet (219 m). The highest point in Indianapolis lies at Crown Hill Cemetery atop Strawberry Hill (the tomb of famed Hoosier writer James Whitcomb Riley) with an elevation of 842 feet (257 m), and the lowest point in Indianapolis lies at the Marion County/Johnson County line, with an elevation of about 680 feet (207 m). The highest hill in Indianapolis is Mann Hill, a bluff located along the White River in Southwestway Park that goes up about 150 feet (46 m) above the surrounding land. Variations in elevation from 700-900 feet occur throughout the city limits. There are a few moderately-sized bluffs and valleys in the city, particularly along the shores of the White River, Fall Creek, Geist Reservoir, and Eagle Creek Reservoir, and especially on the city`s Northeast and Northwest sides.

According to the US Census Bureau, "the balance" (that part of Marion County not part of another municipality) has a total area of 368.2 sq miles (953.5 km²)—361.5 sq miles (936.2 km²) of it is land and 6.7 sq miles (17.3 km²) of it is water. The total area is 1.81% water. These figures are slightly misleading because they do not represent the entire Consolidated City of Indianapolis (all of Marion County, except the four excluded communities). The total area of the Consolidated City of Indianapolis, which does not count the four excluded communities, covers approximately 373.1 sq miles (966.3 km²).

Other series host races at nearby O`Reilly Raceway Park; it is also the site of the annual US Nationals, the most prestigious drag-racing meet of the year for the National Hot Rod Association (NHRA) .

From 2000 to 2007, IMS hosted the Formula One US Grand Prix (USGP). Driver Michael Schumacher took the first finish. The last US Grand Prix run at IMS, in 2007, was notable for firsts. Lewis Hamilton took the checkered flag, and in doing so became the first rookie to win a Grand Prix at Indianapolis, as well as the first black driver to win any Speedway race. During the summer of 2007, contract negotiations between the IMS and Formula One resulted in a discontinuation of the USGP at Indianapolis (at least for the foreseeable future). Formula One has currently not scheduled a USGP venue for the 2008 season.