Cost of Living in Evansville, Indiana
In Evansville, the median household income is $53,387 and the median gross rent is $975/mo, with a median home value of $143,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $53,387
- Median gross rent
- $975/mo
- Median home value
- $143,100
- Population
- 116,116
How Evansville compares to the Indiana average
| Measure | Evansville, IN | Indiana statewide | Difference |
|---|---|---|---|
| Median household income | $53,387 | $71,957 | -25.8% |
| Median gross rent (monthly) | $975 | $1,062 | -8.2% |
| Median home value | $143,100 | $218,200 | -34.4% |
Statewide, Indiana prices average 93.3 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Evansville
- Salary needed for median rent
- $39,000
- Rent burden at median income
- 21.9%
- Est. affordable home price
- $194,752
So that $975/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Evansville is $143,100 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Indiana cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.