States › Indiana › Evansville

Is Evansville, IN expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,11536% lower than U.S. average
💵 Families earn per year (2026)$57,578about $4,798/month · 34% lower than U.S. average
🔑 House price$143,10057% lower than U.S. average

Evansville is the 3rd-largest city in Indiana that we track, with 116,116 residents. Rent is lower than in 81% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 18.3 minutes.

How much money do I need?

To rent here comfortably, you should earn about $44,600 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 54 of 132 cities from cheapest to most expensive.

Evansville
$1,115
$1,938
$2,004
$1,535

How much do households earn in Evansville?

Under $25k
18.9%
$25k–50k
30.9%
$50k–100k
32.7%
$100k–150k
7.7%
$150k+
3.4%

Share of households by yearly income. 11.1% of households earn $100,000 or more.

Rent by apartment size in Evansville

SizeEvansvilleU.S. average
Studio$751$1,338
1 bedroom$891$1,324
2 bedrooms$1,170$1,509
3 bedrooms$1,332$1,698
4 bedrooms$1,353$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Evansville overall?

Everyday prices in the Evansville metro area are 8% below the U.S. average (index 91.5, U.S. = 100).

Housing
67
Goods (food, clothes…)
94
Utilities
87
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Evansville

🏛️ Property tax$1,153a year · 0.81% of home value · U.S. $3,119
⚡ Electric bill$193a month (typical) · U.S. $156

Life in Evansville

Commute to work18.3 minU.S.: 26.4 min
College degree22.8%U.S.: 35.7%
Own their home54.6%U.S.: 65.2%
Below poverty line18.4%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

What jobs pay in Evansville

JobMedian payRent / pay
Pharmacist$143,6509.3%
Nurse Practitioner$123,45010.8%
Physician Assistant$123,41010.8%
Lawyer$107,05012.5%
Operations Manager$102,58013.0%
Software Developer$98,56013.6%
Computer Systems Analyst$97,69013.7%
Civil Engineer$87,90015.2%
Registered Nurse$83,82016.0%
Dental Hygienist$82,80016.2%
Electrician$79,24016.9%
Accountant$77,44017.3%
Plumber$73,19018.3%
Police Officer$72,80018.4%
Firefighter$66,84020.0%
Licensed Practical Nurse$64,70020.7%
Carpenter$64,69020.7%
Market Research Analyst$59,77022.4%
HVAC Technician$59,50022.5%
Truck Driver$55,57024.1%
Elementary School Teacher$49,12027.2%
Medical Assistant$43,98030.4%
Warehouse Worker$42,17031.7%
Customer Service Representative$39,41034.0%
Nursing Assistant$37,18036.0%
Restaurant Cook$34,29039.0%
Retail Salesperson$30,13044.4%
Cashier$28,87046.3%
Server (Waiter/Waitress)$28,55046.9%

Is it cheaper to rent or buy in Evansville?

Buying is cheaper month to month: about $122 a month less than renting.

Renting
$1,115
Owning
$993

Owning assumes a typical $143,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,310 for the down payment.

Frequently asked questions

What is the average rent in Evansville, IN?

Renting in Evansville costs a median of about $1,115 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Evansville?

To keep rent under 30% of income, you need about $44,600 a year, or $21 an hour at a full-time job.

Is Evansville cheap or expensive?

Evansville is rated OK: rent takes 23.2% of the typical household income of $57,578. It ranks 54th cheapest of 132 Indiana cities we track.

How much are property taxes in Evansville?

The median homeowner in Evansville pays $1,153 a year in property taxes, about 0.81% of the median home value.

Is Evansville more expensive than the national average?

Overall prices in the metro area are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Evansville?

The median home value in Evansville is $143,100, about 2.5 times the typical yearly household income.

116,116 people live in Evansville. Numbers are typical (middle) values.