Cost of Living: Evansville, IN vs Waterbury, CT (2026)

Evansville

Indiana
57
VS

Waterbury

Connecticut
76

Evansville is 25% cheaper than Waterbury.

$949/mo ↓ 20%
Median Rent
$1,180/mo ↑ 24%
$52,251/yr ↑ 1%
Median Income
$51,642/yr ↓ 1%
$129,100 ↓ 30%
Home Value
$185,400 ↑ 44%
$919/mo ↓ 28%
Owner Costs
$1,273/mo ↑ 39%
116,441
Population
114,356

Tax Comparison

3.05%
Income Tax
6.99%
7.0%
State Sales Tax
6.35%
0.83%
Property Tax
2.15%

Affordability

21.8%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Evansville, IN and Waterbury, CT, the overall cost of living indices are 57 and 76 respectively (national median = 100). Rent is $231/month cheaper in Evansville, saving renters about $2,772/year.

Median household income is $609/year higher in Evansville. Home values also differ significantly — the median in Evansville is $129,100 compared to $185,400 in Waterbury.

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

Frequently Asked Questions

Evansville vs Waterbury — common questions

Is Evansville or Waterbury cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 76 (US average = 100).
What is the rent difference between Evansville and Waterbury?
Median rent in Evansville is $949/month and in Waterbury it's $1,180/month — a difference of $231/month.
Which city has higher income, Evansville or Waterbury?
Median household income is $52,251 in Evansville and $51,642 in Waterbury. Median household income is $609/year higher in Evansville.
How do taxes compare between Indiana and Connecticut?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Evansville or Waterbury?
It depends on your priorities. Evansville has a cost index of 57 with median rent of $949/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Evansville details → View Waterbury details →

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