Cost of Living in Evansville, IN

Housing

The housing market plays a significant role in determining the cost of living in Evansville, IN.

• Housing Index: 80.0 / 100
• Median Home Price is: $210000
• Average Rent (2 BR Apartment): $950 per month
• Average Rent (2 BR House): $960 per month

Considering a move to Evansville, IN? With a housing index of 80.0, this area demonstrates a relatively affordable market. The median home price is set at 210000, making buying a home a reasonable investment. Meanwhile, if renting is more your style, you can expect to pay around 950 for a two-bedroom apartment or 960 for a two-bedroom house. Overall, this combination of affordability and amenities makes Evansville an appealing option for many potential residents looking for value and convenience in their real estate choices.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Evansville, IN.

• Electricity Price: 14.89 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Evansville, IN could entail higher utility costs. Electricity costs sit at 14.89, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 89.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $49853

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Evansville, IN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.