Cost of Living in Evansville, IN
Population: 116,441 • 2026 Data
$52,251
Median Household Income
-32% vs national
$949
Median Monthly Rent
-30% vs national
$129,100
Median Home Value
-62% vs national
5.3%
Unemployment Rate
Housing in Evansville
The median home value in Evansville, IN is $129,100. Monthly rent for a typical unit averages $949, while total monthly housing costs (including utilities and insurance) average $919.
Rent-to-income ratio: 21.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Evansville, IN is $52,251. The unemployment rate stands at 5.3%, with a labor force of 59,409 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.