Cost of Living: Anchorage, AK vs Evansville, IN (2026)

Anchorage

Alaska
113
VS

Evansville

Indiana
57

Anchorage is 98% more expensive than Evansville.

$1,453/mo ↑ 53%
Median Rent
$949/mo ↓ 35%
$98,152/yr ↑ 88%
Median Income
$52,251/yr ↓ 47%
$375,900 ↑ 191%
Home Value
$129,100 ↓ 66%
$1,698/mo ↑ 85%
Owner Costs
$919/mo ↓ 46%
289,069
Population
116,441

Tax Comparison

0%
Income Tax
3.05%
0%
State Sales Tax
7.0%
1.04%
Property Tax
0.83%

Affordability

17.8%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Anchorage, AK and Evansville, IN, the overall cost of living indices are 113 and 57 respectively (national median = 100). Rent is $504/month cheaper in Evansville, saving renters about $6,048/year.

Median household income is $45,901/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $129,100 in Evansville.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Anchorage vs Evansville — common questions

Is Anchorage or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 113 (US average = 100).
What is the rent difference between Anchorage and Evansville?
Median rent in Anchorage is $1,453/month and in Evansville it's $949/month — a difference of $504/month.
Which city has higher income, Anchorage or Evansville?
Median household income is $98,152 in Anchorage and $52,251 in Evansville. Median household income is $45,901/year higher in Anchorage.
How do taxes compare between Alaska and Indiana?
Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Anchorage or Evansville?
It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/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 Anchorage details → View Evansville details →

More Comparisons

Other cost of living comparisons for Anchorage and Evansville

Anchorage vs. Jersey City Anchorage vs. Durham Anchorage vs. Lincoln Anchorage vs. Plano Anchorage vs. St. Louis Anchorage vs. Chandler Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow