Is Indianapolis, IN cheaper than Evansville, IN?

Based on cost of living data, Indianapolis, IN is 6.9% cheaper than Evansville, IN. This translates to saving $521 per month.

What salary do I need in Indianapolis, IN to live like I do in Evansville, IN?

If you earn $150,000 in Evansville, IN, you'd need approximately $143,747.92 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Evansville, IN and Indianapolis, IN?

Housing in Indianapolis, IN is 12.0% cheaper than in Evansville, IN. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,174/month in Evansville, IN.

How much can I save per month by moving from Evansville, IN to Indianapolis, IN?

Moving from Evansville, IN to Indianapolis, IN could save you approximately $521 per month, or $6252 per year, based on a $150,000 salary.

Evansville, IN vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Evansville, IN — ZIP-level rent data · COL adjusted from Louisville, KY area

Current salary in Evansville, IN

Numbers update automatically as you type

You'd save $521/month moving to Indianapolis, IN

$150.0K in your current city equals $143.7K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 6.9%

Less expensive

Monthly Impact

$521

Savings

Annual Impact

$6.3K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Evansville, IN

Population:115K

Cost Index:100

Median Home:$188K

Indianapolis, IN

Population:888K

Cost Index:93

Median Home:$176K

Evansville, IN

The Hoosier State

115K

Population

State Tax

Yes

Located in Indiana, this city has a population of 115K residents.

Indianapolis, IN

The Hoosier State

888K

Population

State Tax

Yes

Located in Indiana, this city has a population of 888K residents.

Cost Breakdown by Category

Annual spending: Evansville, IN vs Indianapolis, IN

Category	Evansville, IN	Indianapolis, IN	Difference	Change
🏠Housing	$2,214/mo	$1,949/mo	↓ $265less	12.0%
🚗Transportation	$1,362/mo	$1,188/mo	↓ $174less	12.8%
📦Other	$1,652/mo	$1,590/mo	↓ $61.75less	3.7%
🛒Groceries	$978/mo	$919/mo	↓ $58.42less	6.0%
⚡All Utilities	$473/mo	$503/mo	↑ $29.32more	6.2%
🏥Healthcare	$575/mo	$582/mo	↑ $7.74more	1.3%

🏠Housing

↓ 12.0%

Evansville, IN

$2,214

Indianapolis, IN

$1,949

Difference

$265

less

🚗Transportation

↓ 12.8%

Evansville, IN

$1,362

Indianapolis, IN

$1,188

Difference

$174

less

📦Other

↓ 3.7%

Evansville, IN

$1,652

Indianapolis, IN

$1,590

Difference

$61.75

less

🛒Groceries

↓ 6.0%

Evansville, IN

$978

Indianapolis, IN

$919

Difference

$58.42

less

⚡All Utilities

↑ 6.2%

Evansville, IN

$473

Indianapolis, IN

$503

Difference

$29.32

🏥Healthcare

↑ 1.3%

Evansville, IN

$575

Indianapolis, IN

$582

Difference

$7.74

🏛️ Local Income Taxes

Evansville, IN: Vanderburgh County Income Tax$1,950/yr (1.3%)

Indianapolis, IN: Marion County Income Tax$3,030/yr (2.0%)

Net difference+$1,080/yr

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$899

To$1,030

↑ $131

1 Bed

From$909

To$1,170

↑ $261

2 Bed

From$1,174

To$1,360

↑ $186

3 Bed

From$1,444

To$1,760

↑ $316

Evansville, INZIP-level data

1BR range: $800–$1,020/mo

Indianapolis, INZIP-level data

1BR range: $1,080–$1,870/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,254

Monthly in Evansville, IN

$6,732

Monthly in Indianapolis, IN

$522

Difference

Home Values

Evansville

Indianapolis

$188K

Median Value

$176K

↑ +4%

YoY Change

↓ -1.1%

↑ +37.9%

5-Year Change

↑ +26.9%

$91K - $255K

Price Range

$109K - $340K

Homes in Indianapolis are 6% less expensive than Evansville

Calculate payment - Evansville Calculate payment - Indianapolis

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Evansville, IN

Federal Income Tax

Effective: 18.9%

$25.5K

Indiana State Tax

Effective: 3.2%

$4.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.9%

$41.9K

Take-Home Pay

$9,012/month

$108.1K

Indianapolis, IN

Federal Income Tax

Effective: 18.9%

$25.5K

Indiana State Tax

Effective: 3.2%

$4.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.9%

$41.9K

Take-Home Pay

$9,012/month

$108.1K

Additional Tax Information

Evansville, IN Tax Rates

Sales Tax:7.0%

Property Tax:0.9%

Indianapolis, IN Tax Rates

Sales Tax:7.0%

Property Tax:0.9%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.