Cost of Living: Indianapolis, IN vs Evansville, IN (2026)

Indianapolis

Indiana
74
VS

Evansville

Indiana
57

Indianapolis is 30% more expensive than Evansville.

$1,112/mo ↑ 17%
Median Rent
$949/mo ↓ 15%
$62,995/yr ↑ 21%
Median Income
$52,251/yr ↓ 17%
$207,000 ↑ 60%
Home Value
$129,100 ↓ 38%
$1,124/mo ↑ 22%
Owner Costs
$919/mo ↓ 18%
882,043
Population
116,441

Tax Comparison

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

Affordability

21.2%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Evansville, IN, the overall cost of living indices are 74 and 57 respectively (national median = 100). Rent is $163/month cheaper in Evansville, saving renters about $1,956/year.

Median household income is $10,744/year higher in Indianapolis. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $129,100 in Evansville.

Both cities share the same state tax structure since they are in Indiana.

Frequently Asked Questions

Indianapolis vs Evansville — common questions

Is Indianapolis or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 74 (US average = 100).
What is the rent difference between Indianapolis and Evansville?
Median rent in Indianapolis is $1,112/month and in Evansville it's $949/month — a difference of $163/month.
Which city has higher income, Indianapolis or Evansville?
Median household income is $62,995 in Indianapolis and $52,251 in Evansville. Median household income is $10,744/year higher in Indianapolis.
How do taxes compare between Indiana and Indiana?
Both cities are in Indiana and share the same state tax rates: 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Indianapolis or Evansville?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/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 Indianapolis details → View Evansville details →

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