Cost of Living: Albuquerque, NM vs Evansville, IN (2026)

Albuquerque

New Mexico
80
VS

Evansville

Indiana
57

Albuquerque is 23% more expensive than Evansville.

$1,085/mo ↑ 14%
Median Rent
$949/mo ↓ 13%
$65,604/yr ↑ 26%
Median Income
$52,251/yr ↓ 20%
$266,700 ↑ 107%
Home Value
$129,100 ↓ 52%
$1,149/mo ↑ 25%
Owner Costs
$919/mo ↓ 20%
562,488
Population
116,441

Tax Comparison

5.9%
Income Tax
3.05%
5.0%
Sales Tax
7.0%
0.67%
Property Tax
0.83%

Affordability

19.8%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Albuquerque, NM and Evansville, IN, the overall cost of living indices are 80 and 57 respectively (national median = 100). Rent is $136/month cheaper in Evansville, saving renters about $1,632/year.

Median household income is $13,353/year higher in Albuquerque. Home values also differ significantly — the median in Albuquerque is $266,700 compared to $129,100 in Evansville.

Indiana has a lower income tax rate, making Evansville slightly more tax-friendly.

Frequently Asked Questions

Albuquerque vs Evansville — common questions

Is Albuquerque or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 80 (US average = 100).
What is the rent difference between Albuquerque and Evansville?
Median rent in Albuquerque is $1,085/month and in Evansville it's $949/month — a difference of $136/month.
Which city has higher income, Albuquerque or Evansville?
Median household income is $65,604 in Albuquerque and $52,251 in Evansville. Median household income is $13,353/year higher in Albuquerque.
How do taxes compare between New Mexico and Indiana?
New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Albuquerque or Evansville?
It depends on your priorities. Albuquerque has a cost index of 80 with median rent of $1,085/mo, while Evansville has a cost index of 57 with rent of $949/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Albuquerque details → View Evansville details →