Cost of Living: Newark, NJ vs Evansville, IN (2026)

Newark

New Jersey
100
VS

Evansville

Indiana
57

Newark is 75% more expensive than Evansville.

$1,330/mo ↑ 40%
Median Rent
$949/mo ↓ 29%
$48,416/yr ↓ 7%
Median Income
$52,251/yr ↑ 8%
$337,800 ↑ 162%
Home Value
$129,100 ↓ 62%
$1,419/mo ↑ 54%
Owner Costs
$919/mo ↓ 35%
307,188
Population
116,441

Tax Comparison

10.75%
Income Tax
3.05%
6.625%
State Sales Tax
7.0%
2.23%
Property Tax
0.83%

Affordability

33.0%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Evansville, IN, the overall cost of living indices are 100 and 57 respectively (national median = 100). Rent is $381/month cheaper in Evansville, saving renters about $4,572/year.

Median household income is $3,835/year higher in Evansville. Home values also differ significantly — the median in Newark is $337,800 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Newark vs Evansville — common questions

Is Newark or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 100 (US average = 100).
What is the rent difference between Newark and Evansville?
Median rent in Newark is $1,330/month and in Evansville it's $949/month — a difference of $381/month.
Which city has higher income, Newark or Evansville?
Median household income is $48,416 in Newark and $52,251 in Evansville. Median household income is $3,835/year higher in Evansville.
How do taxes compare between New Jersey and Indiana?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Newark or Evansville?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/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 Newark details → View Evansville details →

More Comparisons

Other cost of living comparisons for Newark and Evansville

Newark vs. St. Paul Newark vs. Pittsburgh Newark vs. Irvine Newark vs. Greensboro Newark vs. Cincinnati Newark vs. St. Louis Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow