B+
Overall 16%
Goods & Services 6%
Housing 44%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexEvansvilleIndianaNational
Cost of living8489100
Goods & Services9496100
Groceries9294100
Health care9296100
Housing5672100
Transportation9799100
Utilities11399100

Key findings

  • The cost of living in Evansville is 5% lower than the Indiana average
  • The cost of living in Evansville is 16% lower than the national average
  • Evansville housing is 44% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 31% higher than the national average

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Compare Evansville, IN Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$49,530$4,128$1,156$1,486
      Renters$26,300$2,192$614$789
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Evansville, IN, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Evansville, homeowners have a median income of $49,530. Using that number, a maximum of $1,156 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $26,300, which means there is a maximum of $614 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)
      Indiana3.23%3.23%

      Goods & Services

      ItemEvansvilleNational avg.Difference
      Haircut $23.33$20.2715.1%
      Beauty Salon $30.09$40.3925.5%
      Toothpaste $3.40$2.3644.3%
      Shampoo $0.92$1.0814.5%
      Movie $9.25$10.9915.8%
      Bowling $11.00$15.4929.0%

      Groceries

      ItemEvansvilleNational avg.Difference
      Ground Beef $4.13$4.303.8%
      Fried Chicken $1.21$1.4013.8%
      Milk $1.70$2.2022.8%
      Potatoes $2.97$3.227.8%
      Pizza $8.73$10.7418.7%
      Beer $8.71$9.609.3%

      Health Care

      ItemEvansvilleNational avg.Difference
      Optometrist $92.00$109.7316.2%
      Doctor $90.00$118.3423.9%
      Dentist $91.80$100.949.1%
      Ibuprofen $11.37$9.9314.5%
      Lipitor $485.67$469.533.4%

      Housing

      ItemEvansvilleNational avg.Difference
      Home Price $89,600.00$184,700.0051.5%
      Avg. Mortgage Payment $986.32$1,229.6219.8%
      Apartment Rent $712.00$949.0025.0%

      Transportation

      ItemEvansvilleNational avg.Difference
      Gasoline $2.64$2.712.7%
      Tire Balancing $49.60$51.864.4%

      Utilities

      ItemEvansvilleNational avg.Difference
      All Electricity$209.04$170.8422.4%
      Phone $187.80$187.180.3%
      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

      CityPopulationCost of Living IndexNational Avg.
      Anthoston, KY245963.6%
      Cynthiana, IN5738218.4%
      Elberfeld, IN7518515.3%
      Chandler, IN3,3818515.2%
      Poseyville, IN1,1188515.2%
      Evansville, IN120,1568415.6%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Vallejo, CA119,64412928.7%
      Allentown, PA119,624954.9%
      Athens, GA120,813946.3%
      Terrebonne, QC119,135n/a 
      Victorville, CA121,3201065.9%
      Evansville, IN120,1568415.6%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.