Cost of Living: Independence, MO vs Evansville, IN (2026)

Independence

Missouri
67
VS

Evansville

Indiana
57

Independence is 18% more expensive than Evansville.

$1,061/mo ↑ 12%
Median Rent
$949/mo ↓ 11%
$59,480/yr ↑ 14%
Median Income
$52,251/yr ↓ 12%
$166,400 ↑ 29%
Home Value
$129,100 ↓ 22%
$1,046/mo ↑ 14%
Owner Costs
$919/mo ↓ 12%
121,944
Population
116,441

Tax Comparison

4.95%
Income Tax
3.05%
4.225%
State Sales Tax
7.0%
0.93%
Property Tax
0.83%

Affordability

21.4%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Independence, MO and Evansville, IN, the overall cost of living indices are 67 and 57 respectively (national median = 100). Rent is $112/month cheaper in Evansville, saving renters about $1,344/year.

Median household income is $7,229/year higher in Independence. Home values also differ significantly — the median in Independence is $166,400 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Independence vs Evansville — common questions

Is Independence or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 67 (US average = 100).
What is the rent difference between Independence and Evansville?
Median rent in Independence is $1,061/month and in Evansville it's $949/month — a difference of $112/month.
Which city has higher income, Independence or Evansville?
Median household income is $59,480 in Independence and $52,251 in Evansville. Median household income is $7,229/year higher in Independence.
How do taxes compare between Missouri and Indiana?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Independence or Evansville?
It depends on your priorities. Independence has a cost index of 67 with median rent of $1,061/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 Independence details → View Evansville details →

More Comparisons

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