The low complexity, low cost of implementation, as well as the spectral and energy efficiency, are key features for the development of the internet of things (IoT) networks. In this context, the introduction of index modulation on single carrier-frequency division multiple access (SC-FDMA-IM) has reported significant gains in terms of energy efficiency. In this paper, we evaluate an SC-FDMA-IM scheme tailored for IoT devices taking into account its complexity and performance. For that end, computational simulations and a complexity analysis for different detectors are carried out. Our results show that a significant bit error rate gain is obtained in comparison to a conventional SC-FDMA scheme, while maintaining a reduced computational complexity and power consumption.