Living here
Cost of living in Evansville
Housing is cheaper than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$949/mo
30% below US
Median home value
$129,100
57% below US
Median household income
$52,251
33% below US
Rent as share of income
22%
US 21%
Home price to income
2.5×
US 3.9×
Sales tax
7%
Rent by number of bedrooms
HUD 2027 fair market rents for Evansville, IN MSA (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Evansville compares
Taxes
Questions
Is Evansville expensive to live in?
Housing in Evansville is cheaper than the national average: median rent is $949 (30% below US) and the median home value is $129,100 (57% below US).
How much is rent in Evansville?
The median gross rent is $949 a month. HUD’s 2027 fair market rents for the area are studio $866, 1 bedroom $872, 2 bedrooms $1,127, 3 bedrooms $1,387, 4 bedrooms $1,534.
How much of their income do renters spend in Evansville?
At the median, a year’s rent ($11,388) equals about 22% of the median household income ($52,251); nationally it’s about 21%.
What are taxes like in Evansville?
Sales tax is 7% and property taxes run about 0.85% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Indiana Department of Revenue - Sales Tax.