| Index | Evansville | Indiana | National |
| Cost of living | 87 | 89 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 94 | 97 | 100 |
| Housing | 63 | 72 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 94 | 96 | 100 |
| Lifestyle & Entertainment | 99 | 95 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 99 | 94 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Evansville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Evansville stands at 87, making it 13% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Nobody knows their city better than the people who actually live there. So, we asked 19 local residents how they would rate the cost of living in Evansville and this is how they responded. 16% of people said that the cost of living was affordable, with prices decreasing, while 84% of people said that the cost of living was very expensive and prices continue to rise.
Is Evansville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Evansville is 45.7% lower than the national average, while the average monthly rent prices are 18.2% lower than average. The affordability of any location can also be influenced by median income levels. Evansville has a median household income of $62,565, which is 23.1% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Evansville, the utilities index is 5.9% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Evansville, healthcare costs are 5.6% lower than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
The cost of living estimates displayed for Evansville are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $86,139 | $7,178 | $2,010 | $2,584 |
| Renters | $44,924 | $3,744 | $1,048 | $1,348 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| Cynthiana, IN | 680 | 83 | 17.5% |
| Spottsville, KY | 363 | 83 | 16.8% |
| Poseyville, IN | 1,031 | 84 | 15.8% |
| Chandler, IN | 3,752 | 86 | 13.7% |
| Anthoston, KY | 293 | 87 | 13.1% |
| Evansville, IN | 121,758 | 87 | 13.4% |
| City | Population | Cost of Living Index | National Avg. |
| Rochester, MN | 121,687 | 106 | 5.5% |
| Cambridge, MA | 121,456 | 205 | 104.5% |
| Lansing, MI | 122,139 | 87 | 12.7% |
| Richardson, TX | 121,339 | 117 | 17.1% |
| Fairfield, CA | 121,000 | 151 | 50.7% |
| Evansville, IN | 121,758 | 87 | 13.4% |
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