Cost of Living: Providence, RI vs Evansville, IN (2026)

Providence

Rhode Island
99
VS

Evansville

Indiana
57

Providence is 74% more expensive than Evansville.

$1,333/mo ↑ 40%
Median Rent
$949/mo ↓ 29%
$66,772/yr ↑ 28%
Median Income
$52,251/yr ↓ 22%
$322,800 ↑ 150%
Home Value
$129,100 ↓ 60%
$1,467/mo ↑ 60%
Owner Costs
$919/mo ↓ 37%
190,214
Population
116,441

Tax Comparison

5.99%
Income Tax
3.05%
7.0%
State Sales Tax
7.0%
1.53%
Property Tax
0.83%

Affordability

24.0%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Providence, RI and Evansville, IN, the overall cost of living indices are 99 and 57 respectively (national median = 100). Rent is $384/month cheaper in Evansville, saving renters about $4,608/year.

Median household income is $14,521/year higher in Providence. Home values also differ significantly — the median in Providence is $322,800 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Providence vs Evansville — common questions

Is Providence or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 99 (US average = 100).
What is the rent difference between Providence and Evansville?
Median rent in Providence is $1,333/month and in Evansville it's $949/month — a difference of $384/month.
Which city has higher income, Providence or Evansville?
Median household income is $66,772 in Providence and $52,251 in Evansville. Median household income is $14,521/year higher in Providence.
How do taxes compare between Rhode Island and Indiana?
Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Providence or Evansville?
It depends on your priorities. Providence has a cost index of 99 with median rent of $1,333/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 Providence details → View Evansville details →

More Comparisons

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