Evansville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexEvansvilleIndianaNational
Cost of living index8487100
IndexEvansvilleIndianaNational
Goods & Services index9295100
Groceries index9392100
Health care index9295100
Housing index5872100
Transportation index9293100
Utilities index11493100
A general overview of the cost of living index for Evansville, IN is displayed above. In Evansville, IN, the overall cost of living index is 84, which is 4% lower than the Indiana average and 16% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Evansville, IN, the city's goods and services are 3% lower than the Indiana average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Evansville is 4% lower than the Indiana average.
  • The cost of living in Evansville is 16% lower than the national average.
  • The cost of housing in Evansville is 42% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Evansville, IN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Evansville, IN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Evansville, IN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,522$4,210$1,179$1,516
Renters$25,150$2,096$587$755
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Evansville, IN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Evansville, IN homeowners have a median income of $50,522. Using that number, you will come up with a maximum of $1,179 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,150, which means there is a maximum of $587 to be spent on the costs of renting a home or apartment.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
The Indiana sales tax and Indiana income tax rates should definitely be considered when determining the overall cost of living in Evansville, IN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Indiana sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemEvansvilleNational avg.Difference
Haircut $15.17$14.594.0%
Beauty Salon $34.60$34.680.2%
Toothpaste $1.76$2.4728.8%
Shampoo $0.75$1.0226.6%
Movie $9.84$9.870.3%
Bowling $2.92$4.3933.5%

Groceries

ItemEvansvilleNational avg.Difference
Ground Beef $3.73$4.4816.7%
Fried Chicken $1.33$1.469.2%
Milk $2.01$2.3614.7%
Potatoes $3.18$3.063.9%
Pizza $8.16$9.2411.7%
Beer $8.14$8.635.7%

Health Care

ItemEvansvilleNational avg.Difference
Optometrist $107.00$99.787.2%
Doctor $93.00$105.0311.5%
Dentist $75.67$88.7014.7%
Ibuprofen $8.78$9.416.7%
Lipitor $301.70$298.501.1%

Housing

ItemEvansvilleNational avg.Difference
Home Price $90,500.00$181,400.0050.1%
Avg. Mortgage Payment $937.81$1,081.0313.2%
Apartment Rent $682.00$889.0023.3%

Transportation

ItemEvansvilleNational avg.Difference
Gasoline $1.91$2.098.7%
Tire Balancing $43.12$45.294.8%

Utilities

ItemEvansvilleNational avg.Difference
All Electricity$182.62$170.806.9%
Phone $35.01$28.2623.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Cynthiana, IN63380-20%
Spottsville, KY25582-18%
Elberfeld, IN62583-17%
Henderson, KY28,72884-16%
Chandler, IN3,10484-16%
Evansville, IN119,22684-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Roseville, CA119,53712929%
Thornton, CO118,7471055%
Abilene, TX118,48485-15%
Allentown, PA117,9421066%
Beaumont, TX117,76984-16%
Evansville, IN119,22684-16%
Source: The Evansville, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.