Cost of Living: Richmond, VA vs Evansville, IN (2026)

Richmond

Virginia
98
VS

Evansville

Indiana
57

Richmond is 72% more expensive than Evansville.

$1,314/mo ↑ 38%
Median Rent
$949/mo ↓ 28%
$62,671/yr ↑ 20%
Median Income
$52,251/yr ↓ 17%
$328,100 ↑ 154%
Home Value
$129,100 ↓ 61%
$1,374/mo ↑ 50%
Owner Costs
$919/mo ↓ 33%
227,595
Population
116,441

Tax Comparison

5.75%
Income Tax
3.05%
5.3%
State Sales Tax
7.0%
0.8%
Property Tax
0.83%

Affordability

25.2%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Evansville, IN, the overall cost of living indices are 98 and 57 respectively (national median = 100). Rent is $365/month cheaper in Evansville, saving renters about $4,380/year.

Median household income is $10,420/year higher in Richmond. Home values also differ significantly — the median in Richmond is $328,100 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Richmond vs Evansville — common questions

Is Richmond or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 98 (US average = 100).
What is the rent difference between Richmond and Evansville?
Median rent in Richmond is $1,314/month and in Evansville it's $949/month — a difference of $365/month.
Which city has higher income, Richmond or Evansville?
Median household income is $62,671 in Richmond and $52,251 in Evansville. Median household income is $10,420/year higher in Richmond.
How do taxes compare between Virginia and Indiana?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Richmond or Evansville?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/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 Richmond details → View Evansville details →

More Comparisons

Other cost of living comparisons for Richmond and Evansville

Richmond vs. Fremont Richmond vs. Baton Rouge Richmond vs. Santa Clarita Richmond vs. Hialeah Richmond vs. Spokane Richmond vs. San Bernardino Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow