Cost of Living: Minneapolis, MN vs Evansville, IN (2026)

Minneapolis

Minnesota
102
VS

Evansville

Indiana
57

Minneapolis is 79% more expensive than Evansville.

$1,329/mo ↑ 40%
Median Rent
$949/mo ↓ 29%
$80,269/yr ↑ 54%
Median Income
$52,251/yr ↓ 35%
$345,600 ↑ 168%
Home Value
$129,100 ↓ 63%
$1,513/mo ↑ 65%
Owner Costs
$919/mo ↓ 39%
426,845
Population
116,441

Tax Comparison

9.85%
Income Tax
3.05%
6.875%
State Sales Tax
7.0%
1.11%
Property Tax
0.83%

Affordability

19.9%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Evansville, IN, the overall cost of living indices are 102 and 57 respectively (national median = 100). Rent is $380/month cheaper in Evansville, saving renters about $4,560/year.

Median household income is $28,018/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Minneapolis vs Evansville — common questions

Is Minneapolis or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Evansville?
Median rent in Minneapolis is $1,329/month and in Evansville it's $949/month — a difference of $380/month.
Which city has higher income, Minneapolis or Evansville?
Median household income is $80,269 in Minneapolis and $52,251 in Evansville. Median household income is $28,018/year higher in Minneapolis.
How do taxes compare between Minnesota and Indiana?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Minneapolis or Evansville?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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 Minneapolis details → View Evansville details →

More Comparisons

Other cost of living comparisons for Minneapolis and Evansville

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow