Housing costs in Evansville?
A typical home costs
$107,700, which is 68.1% less expensive than the national average of
$338,100 and 55.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Evansville costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 82.6% cheaper than the state average of
$1,260.
Can I afford Evansville?
To live comfortably in Evansville, Illinois, a minimum annual income of
$20,520 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about Evansville?
Evansville, IL is an affordable place to live. The cost of living in Evansville is 10.4% lower than the Illinois average and 14.1% lower than the national average, according to BestPlaces. The median home value in Evansville is $95,900, which is 21.2% lower than the Illinois median home value of $121,600. Additionally, the median gross rent in Evansville for a one-bedroom apartment was $495 per month as of 2019, which is 4.9% lower than the national median rental rate of $521 per month. With low taxes and housing costs coupled with relatively high wages and salaries compared to other parts of Illinois, Evansville can be a great choice for those looking to make their money stretch further while still having access to many amenities and services that larger cities offer.