Evansville, IN Cost Of Living
Cost Of Living In Evansville, IN Summary
Cost of living in Evansville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Evansville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Evansville is 88, with 100 being the average.
The cost of living index in Evansville is 0.9x lower than the national average.
Evansville ranks as the #48 cheapest in Indiana out of 128.
Evansville ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Evansville is $194,561.
The median income in Evansville is $52,251.
Table Of Contents
Evansville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Evansville, IN?
According to the most recent data on the cost of living, Evansville has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Indiana, Evansville has a cost of living index that's 1.0x lower than Indiana's index of 92.
The standard of living in Evansville ranks as #48 most affordable out of the 128 places we measured in Indiana. By definition, that implies Evansville ranks as the #80 most expensive place in the Hoosier State.
For more reading on life in Evansville, check out:
In Indiana
In America
Evansville Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Evansville. Here is how it fairs on each of the criteria:
The Services index in Evansville is 101.
The Groceries index in Evansville is 97.
The Health index in Evansville is 90.
The Housing index in Evansville is 61.
The Transportation index in Evansville is 90.
The Utilities index in Evansville is 121.
| Living Expense | Evansville | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 101 | 95 | 100 | |
| Groceries | 97 | 97 | 100 | |
| Health | 90 | 94 | 100 | |
| Housing | 61 | 73 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 121 | 107 | 100 | |
Evansville, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Evansville is $194,561.
The Median Rent in Evansville is $949.
The Median Income in Evansville is $52,251.
The Home Value To Income in Evansville is 3.7x.
The Rent To Monthly Income in Evansville is 0.22x.
| Statistic | Evansville | Indiana | United States |
|---|---|---|---|
| Median Home Value | $194,561 | $251,301 | $303,400 |
| Median Rent | $949 | $1,020 | $1,348 |
| Median Income | $52,251 | $70,051 | $78,538 |
| Home Value To Income | 3.7x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Evansville, IN Costs By Category
Detailed Evansville Services Costs Vs. Indiana
| Item | Evansville | Indiana |
|---|---|---|
| Shampoo | $1.23 | $1.28 |
| Movie | $13.11 | $12.13 |
| Bowling | $16.17 | $18 |
| Haircut | $25.34 | $24.26 |
| Beauty Salon | $44.12 | $45.56 |
Detailed Evansville Groceries Costs Vs. Indiana
| Item | Evansville | Indiana |
|---|---|---|
| Ground Beef | $5.74 | $5.84 |
| Fried Chicken | $1.37 | $1.57 |
| Milk | $4.5 | $4.67 |
| Potatoes | $5.13 | $4.93 |
| Pizza | $11.24 | $12.09 |
| Beer | $9.75 | $10.41 |
| Toothpaste | $3.7 | $3.7 |
Detailed Evansville Health Costs Vs. Indiana
| Item | Evansville | Indiana |
|---|---|---|
| Optometrist | $94.06 | $125.68 |
| Doctor | $105.07 | $135.78 |
| Dentist | $103.51 | $113.29 |
Detailed Evansville Transportation Costs Vs. Indiana
| Item | Evansville | Indiana |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $50.23 | $59.92 |
Detailed Evansville Utilities Costs Vs. Indiana
| Item | Evansville | Indiana |
|---|---|---|
| All Electricity | $259.32 | $193.99 |
| Phone | $189.86 | $192.25 |
Evansville SnackAbility
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Cost Of Living In Cities Around Evansville
The cost of living varies in the cities and towns around Evansville. Here's a quick look at the cost of living in the most populous nearby places:
Owensboro, KY has a cost of living index of 94, 1.1x Evansville.
Henderson, KY has a cost of living index of 88, 1.0x Evansville.
Madisonville, KY has a cost of living index of 92, 1.0x Evansville.
| City | Population | Cost Of Living | Vs. Evansville |
|---|---|---|---|
| Owensboro, KY | 60,112 | 94 | 1.1x |
| Henderson, KY | 27,994 | 88 | 1.0x |
| Madisonville, KY | 19,442 | 92 | 1.0x |
| Vincennes, IN | 16,676 | 86 | 1.0x |
| Jasper, IN | 16,421 | 92 | 1.0x |
| Mount Carmel, IL | 6,892 | 86 | 1.0x |
| Boonville, IN | 6,681 | 87 | 1.0x |
| Huntingburg, IN | 6,504 | 86 | 1.0x |
| Mount Vernon, IN | 6,431 | 91 | 1.0x |
| Highland, IN | 5,188 | 103 | 1.2x |
