Cost of Living: Billings, MT vs Evansville, IN (2026)

Billings

Montana
86
VS

Evansville

Indiana
57

Billings is 51% more expensive than Evansville.

$1,097/mo ↑ 16%
Median Rent
$949/mo ↓ 13%
$71,855/yr ↑ 38%
Median Income
$52,251/yr ↓ 27%
$311,800 ↑ 142%
Home Value
$129,100 ↓ 59%
$1,177/mo ↑ 28%
Owner Costs
$919/mo ↓ 22%
118,321
Population
116,441

Tax Comparison

6.75%
Income Tax
3.05%
0%
State Sales Tax
7.0%
0.74%
Property Tax
0.83%

Affordability

18.3%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Billings, MT and Evansville, IN, the overall cost of living indices are 86 and 57 respectively (national median = 100). Rent is $148/month cheaper in Evansville, saving renters about $1,776/year.

Median household income is $19,604/year higher in Billings. Home values also differ significantly — the median in Billings is $311,800 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Billings vs Evansville — common questions

Is Billings or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 86 (US average = 100).
What is the rent difference between Billings and Evansville?
Median rent in Billings is $1,097/month and in Evansville it's $949/month — a difference of $148/month.
Which city has higher income, Billings or Evansville?
Median household income is $71,855 in Billings and $52,251 in Evansville. Median household income is $19,604/year higher in Billings.
How do taxes compare between Montana and Indiana?
Montana has 6.75% income tax, 0% sales tax, and 0.74% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Billings or Evansville?
It depends on your priorities. Billings has a cost index of 86 with median rent of $1,097/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 Billings details → View Evansville details →

More Comparisons

Other cost of living comparisons for Billings and Evansville

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