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

Waco

Texas
72
VS

Evansville

Indiana
57

Waco is 26% more expensive than Evansville.

$1,098/mo ↑ 16%
Median Rent
$949/mo ↓ 14%
$51,468/yr ↓ 1%
Median Income
$52,251/yr ↑ 2%
$199,600 ↑ 55%
Home Value
$129,100 ↓ 35%
$1,094/mo ↑ 19%
Owner Costs
$919/mo ↓ 16%
141,925
Population
116,441

Tax Comparison

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

Affordability

25.6%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Waco, TX and Evansville, IN, the overall cost of living indices are 72 and 57 respectively (national median = 100). Rent is $149/month cheaper in Evansville, saving renters about $1,788/year.

Median household income is $783/year higher in Evansville. Home values also differ significantly — the median in Waco is $199,600 compared to $129,100 in Evansville.

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

Frequently Asked Questions

Waco vs Evansville — common questions

Is Waco or Evansville cheaper to live in?
Based on our cost index, Evansville is cheaper to live in with an index of 57 compared to 72 (US average = 100).
What is the rent difference between Waco and Evansville?
Median rent in Waco is $1,098/month and in Evansville it's $949/month — a difference of $149/month.
Which city has higher income, Waco or Evansville?
Median household income is $51,468 in Waco and $52,251 in Evansville. Median household income is $783/year higher in Evansville.
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 Waco or Evansville?
It depends on your priorities. Waco has a cost index of 72 with median rent of $1,098/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 Waco details → View Evansville details →

More Comparisons

Other cost of living comparisons for Waco and Evansville

Waco vs. Visalia Waco vs. Fullerton Waco vs. Thornton Waco vs. Metairie Waco vs. Torrance Waco vs. Orange Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow