Cost of Living: Palm Bay, FL vs Evansville, IN (2026)

Palm Bay

Florida
91
VS

Evansville

Indiana
57

Palm Bay is 60% more expensive than Evansville.

$1,487/mo ↑ 57%
Median Rent
$949/mo ↓ 36%
$67,521/yr ↑ 29%
Median Income
$52,251/yr ↓ 23%
$248,000 ↑ 92%
Home Value
$129,100 ↓ 48%
$1,203/mo ↑ 31%
Owner Costs
$919/mo ↓ 24%
125,273
Population
116,441

Tax Comparison

0%
Income Tax
3.05%
6.0%
State Sales Tax
7.0%
0.86%
Property Tax
0.83%

Affordability

26.4%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Palm Bay, FL and Evansville, IN, the overall cost of living indices are 91 and 57 respectively (national median = 100). Rent is $538/month cheaper in Evansville, saving renters about $6,456/year.

Median household income is $15,270/year higher in Palm Bay. Home values also differ significantly — the median in Palm Bay is $248,000 compared to $129,100 in Evansville.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Palm Bay vs Evansville — common questions

Is Palm Bay or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 91 (US average = 100).
What is the rent difference between Palm Bay and Evansville?
Median rent in Palm Bay is $1,487/month and in Evansville it's $949/month — a difference of $538/month.
Which city has higher income, Palm Bay or Evansville?
Median household income is $67,521 in Palm Bay and $52,251 in Evansville. Median household income is $15,270/year higher in Palm Bay.
How do taxes compare between Florida and Indiana?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Palm Bay or Evansville?
It depends on your priorities. Palm Bay has a cost index of 91 with median rent of $1,487/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 Palm Bay details → View Evansville details →

More Comparisons

Other cost of living comparisons for Palm Bay and Evansville

Palm Bay vs. Allentown Palm Bay vs. Meridian Palm Bay vs. Thousand Oaks Palm Bay vs. Vallejo Palm Bay vs. Simi Valley Palm Bay vs. Round Rock Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow