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Cost of living in Evansville, IN

Compared with New York. Change city

$2,653a month less for the typical home than in New York1,2

That's $31,837 a year, enough to cover 22 months of the mortgage in Evansville. The average commute is 16 minutes shorter each way, about 2.6 hours a week back4.

Typical home $259,225 vs $742,000. 2-bedroom rent3 $1,087 vs $1,997. See the math

By Sol Lakein.Checked October 2026.How we compare costs

Downtown Evansville, EvansvilleAbby Elpers / Unsplash
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  • On the waterOhio River

Evansville at a glance, next to New York

5

What the median home costs each month

1,2
New York metro$4,078/mo
$742,000 typical home
Evansville$1,425/mo
$259,225 typical home

If you rent: median 2-bedroom

3
New York metro$1,997/mo
Evansville$1,087/mo
About $910 a month less in rent
Rent by apartment size in Evansville

Home prices next to New York

1
Typical home for sale
New York metro$742,000
Evansville$259,225
65% less, a $482,775 difference
Price per square foot
New York metro$494
Evansville$145
3.4 times the space for the money

Pays you to move

9
$3,000 cashBelong & Work Remotely in the Evansville Region$3,000 cash grant; up to $7,500 total across 16 benefits (official site lists $3,000 cash plus $4,400 in local perks)Who qualifies: Full-time remote employees or self-employed people earning $50,000+ who live outside Indiana and outside Greater Evansville (incl. Henderson County, KY). Must move within 6 months and stay 2 years.Program details, accessed 2026-10-30; site (C) 2026
$3,000 cashBelong & Work Locally in the Evansville Region$3,000 cash grant; up to $7,500 total across 16 benefitsWho qualifies: For people taking a new full-time in-person job in the region paying $50,000+ (current job $20,000+). Must live outside Indiana and Greater Evansville, move within 6 months and stay 2 years; remote, gig and self-employed workers excluded.Program details, accessed 2026-10-30; site (C) 2026

Weather

8
  • 25.5°January low
  • 88.6°July high
  • 10.8 inSnow per year

Day-to-day costs

  • Housing costs633% cheaper than averageNew York: 49% above
  • Salary that matches $150,000 in New York6$121,969
Evansville in a paragraph

The median listed home in Evansville is $259,225 (Realtor.com, September 2026), 38% below the US median of $419,250. With 20% down at 7.32%, principal and interest come to about $1,425 a month. The median 2-bedroom rent is $1,087 a month, utilities included (Census, 2025). Everyday prices index at 91.5, where the US average is 100 (BEA, 2024). A $150,000 salary in New York buys the same as $121,969 here.

Your New York, in Evansville

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Is Evansville a good place to live?

Evansville fits families who want prices 8% below the US average and homes list 38% below the US median. The main trade-off is no nonstop flights to New York. Here is what you gain and what you give up.

What you gain

  • Prices 8% below the US averageEveryday prices, rent included, index at 91.5 against a US average of 100.BEA regional price parities, 2024
  • Homes list 38% below the US median$259,225 median listing against $419,250 nationally.Realtor.com via FRED, September 2026
  • Pays you to moveBelong & Work Remotely in the Evansville Region: $3,000 cash.Program page, accessed 2026-10-30; site (C) 2026
  • On the waterOhio RiverSlower Sundays city profile

What you trade

  • No nonstop flights to New YorkTrips home mean a connection or a drive to a bigger airport.Airport route page, October 14, 2026

More on Evansville and Indiana

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Evansville cost of living: questions people ask

What is the cost of living in Evansville, IN?

The median listed home in Evansville is $259,225 (Realtor.com, September 2026), 38% below the US median of $419,250. With 20% down at 7.32%, principal and interest come to about $1,425 a month. The median 2-bedroom rent is $1,087 a month, utilities included (Census, 2025). Everyday prices index at 91.5, where the US average is 100 (BEA, 2024). A $150,000 salary in New York buys the same as $121,969 here.

How much would I save moving from New York to Evansville?

The median listed home is $259,225 in Evansville against $742,000 in the New York metro, 65% less. On a mortgage for each median home, that is about $2,653 a month less in principal and interest (20% down, 7.32%, Freddie Mac, October 22, 2026).

How much is rent in Evansville?

The median gross rent for a 2-bedroom in the Evansville metro is $1,087 a month, including utilities the renter pays (Census American Community Survey, 2025). In the New York metro it is $1,997, $910 more. The US median is $1,563.

What salary in Evansville matches $150,000 in New York?

$121,969. That is $150,000 adjusted by the BEA regional price parities for both metros (91.5 in Evansville, 112.6 in New York, 2024).

Does Evansville pay you to move there?

Yes. Belong & Work Remotely in the Evansville Region offers $3,000 cash. Who qualifies: Full-time remote employees or self-employed people earning $50,000+ who live outside Indiana and outside Greater Evansville (incl. Henderson County, KY). Must move within 6 months and stay 2 years.. Confirm current terms with the program.

What is the weather like in Evansville?

January lows average 25.5°F and July highs 88.6°F, with 10.8 inches of snow a year (NOAA 1991-2020 normals, Evansville Regional Airport).

Notes on the numbers
  1. 1Home prices: the typical home is the median listing price, with price per square foot, from Realtor.com via FRED, September 2026. The comparison metro uses the same series and month.
  2. 2Monthly cost: Principal and interest on the median listed home with 20% down, 30-year fixed at 7.32% (Freddie Mac 30-year fixed average, week of October 22, 2026). Excludes taxes, insurance and HOA. Rate source
  3. 3Rent: Census ACS 2025 1-year, median gross rent for 2-bedroom units (rent plus utilities). Covers all renters, including long-time tenants, not only new leases. Census table
  4. 4Commute: Census ACS 2025 1-year, table S0801, mean travel time to work (one way, workers who do not work from home), 2025. Hours back assume a 5-day round trip. Census table
  5. 5At a glance: a difference within 5% counts as about the same.
  6. 6Everyday prices, housing costs and the matching salary: BEA regional price parities, 2024, US = 100.
  7. 7Flights: airport route pages, October 2026.
  8. 8Weather: NOAA 1991-2020 normals, Evansville Regional Airport.
  9. 9Incentives: terms come from each program's page. Confirm eligibility with the program before you move.
Sources for this page