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 Wisconsin, 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 99, with 100 being the average.
The cost of living index in Evansville is 1.0x lower than the national average.
Evansville ranks as the #96 cheapest in Wisconsin out of 143.
Evansville ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Evansville is $207,200.
The median income in Evansville is $78,143.
According to the most recent data on the cost of living, Evansville has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Wisconsin, Evansville has a cost of living index that's 1.0x higher than Wisconsin's index of 95.
The standard of living in Evansville ranks as #96 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Evansville ranks as the #47 most expensive place in the Badger State.
For more reading on life in Evansville, check out:
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 104.
The Groceries index in Evansville is 110.
The Health index in Evansville is 124.
The Housing index in Evansville is 87.
The Transportation index in Evansville is 105.
The Utilities index in Evansville is 98.
|Living Expense||Evansville||Wisconsin||National Average|
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Evansville is $207,200.
The Median Rent in Evansville is $912.
The Median Income in Evansville is $78,143.
The Home Value To Income in Evansville is 2.7x.
The Rent To Monthly Income in Evansville is 0.14x.
|Median Home Value||$207,200||$200,400||$244,900|
|Home Value To Income||2.7x||3.0x||3.5x|
|Rent To Monthly Income||0.14x||0.16x||0.2x|
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:
Janesville, WI has a cost of living index of 91, 0.9x Evansville.
Fitchburg, WI has a cost of living index of 115, 1.2x Evansville.
Verona, WI has a cost of living index of 116, 1.2x Evansville.