Cost of Living: Richardson, TX vs Evansville, IN (2026)

Richardson

Texas
128
VS

Evansville

Indiana
57

Richardson is 125% more expensive than Evansville.

$1,825/mo ↑ 92%
Median Rent
$949/mo ↓ 48%
$96,257/yr ↑ 84%
Median Income
$52,251/yr ↓ 46%
$405,600 ↑ 214%
Home Value
$129,100 ↓ 68%
$1,796/mo ↑ 95%
Owner Costs
$919/mo ↓ 49%
118,269
Population
116,441

Tax Comparison

0%
Income Tax
3.05%
6.25%
State Sales Tax
7.0%
1.6%
Property Tax
0.83%

Affordability

22.8%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Richardson, TX and Evansville, IN, the overall cost of living indices are 128 and 57 respectively (national median = 100). Rent is $876/month cheaper in Evansville, saving renters about $10,512/year.

Median household income is $44,006/year higher in Richardson. Home values also differ significantly — the median in Richardson is $405,600 compared to $129,100 in Evansville.

Texas has no state income tax, giving Richardson residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Richardson vs Evansville — common questions

Is Richardson or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 128 (US average = 100).
What is the rent difference between Richardson and Evansville?
Median rent in Richardson is $1,825/month and in Evansville it's $949/month — a difference of $876/month.
Which city has higher income, Richardson or Evansville?
Median household income is $96,257 in Richardson and $52,251 in Evansville. Median household income is $44,006/year higher in Richardson.
How do taxes compare between Texas and Indiana?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Richardson or Evansville?
It depends on your priorities. Richardson has a cost index of 128 with median rent of $1,825/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 Richardson details → View Evansville details →

More Comparisons

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