Evansville, IN is a great place to live with affordable prices. The average two-bedroom rent in Evansville is $1,000 which is significantly lower than the national average of $1,430. The grocery cost index in Evansville is also relatively low at 91 compared to the US average of 100. This makes Evansville an attractive option for those on a budget or looking to save money. Some of the major companies based out of Evansville include Koch Enterprises, Berry Plastics Group Inc., Vectren Corp., and Old National Bank. With its affordable cost of living and thriving businesses, it's easy to see why so many people choose to make Evansville their home.
Evansville has an unemployment rate of 5.5%. The US average is 6.0%.
Evansville has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Evansville
- The Sales Tax Rate for Evansville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Evansville is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Evansville
- The average income of a Evansville resident is $20,951 a year. The US average is $28,555 a year.
- The Median household income of a Evansville resident is $45,649 a year. The US average is $69,021 a year.