What salary do you need to live in Evansville, IN?

Rent, home values and prices in Evansville

Renters in Evansville pay a median $1,057 a month for two bedrooms. Size matters: one bedroom is $815, three bedrooms $1,201, so going from the smallest to the largest of the three adds $4,632 a year.

Buying is the other half of the housing picture: owners put the median home in Evansville, IN at $204,000. That is only 3.0× the area's median household income of $68,232, a low ratio by national standards.

The Regional Price Parity, BEA's index of local prices with the US at 100, is 91.5 here. Below 100 means a paycheck stretches further: $100,000 in Evansville has the buying power of roughly $109,256 at national average prices.

How much you need to earn in Evansville

With a two-bedroom at the median rent, the score enters Tight at $27,000, Okay at $54,000 and Comfortable at $108,000 a year before tax. At the Comfortable line, a year of rent takes 12% of income and the median home is 1.9× income.

The Royal grade is within reach at $320,000 a year, where both rent and the median home price look small next to income.

Each figure is the lowest income, to the next $1,000, at which the calculator itself would show that grade for a two-bedroom in Evansville.

Four salaries, three home sizes in Evansville

On $75,000, a one-bedroom scores 59 and a three-bedroom 53, both Okay; the extra bedrooms cost points but not a grade.

The two-bedroom column turns Comfortable at the $150,000 row. One row up, $100,000 scores 63.

Evansville on the national list

Ranked against all 387 metros, Evansville sits 257th on overall price level and 247th on the two-bedroom rent median, counting from the most expensive. Its median home value ranks 293rd.

Its nearest neighbors on the rent list are Bloomington, IL ($1,063) and Jackson, MS ($1,057).

Evansville vs. the rest of Indiana

How Evansville stacks up against its state: $1,057 for a two-bedroom against Indiana's $1,076, $204,000 for the median home against $218,200, and a price level of 91.5 against 93.3.

On statewide medians, a two-bedroom budget reaches Comfortable at $117,000 — above Evansville's $108,000 line.

The nearest matches in Indiana, judged on rent and price parity together, are South Bend-Mishawaka, IN-MI, Fort Wayne, IN, and Elkhart-Goshen, IN.

Where the typical Evansville household lands

A household at the Evansville median income of $68,232 would see a two-bedroom score of 52 — Okay — with rent at 19% of income. Reaching Comfortable would take $39,768 more than the median household earns. For Indiana as a whole, the median household income of $71,957 scores 51 against statewide rents. Since a household can have two or more earners, compare it with a combined income rather than one paycheck.

All figures are pre-tax estimates from public data, not financial advice.