Evansville, Indiana (47712) is an affordable city with a cost of living that is lower than the national average. The two-bedroom rent in Evansville is $990, which is significantly less than the US average of $1,430. In addition, groceries are 8% cheaper in Evansville when compared to the US cost index at 100. This makes it easy to stretch your budget further in this city. As Evansville’s largest employer, Vectren employs nearly 2,000 residents making it the core industry for many families. Other large employers in the local area include Deaconess Health System and Accuride Corporation. Living in this city provides a low cost of living while still enjoying all of the amenities and resources expected from a big city.
Evansville (zip 47712) has an unemployment rate of 4.8%. The US average is 6.0%.
Evansville (zip 47712) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Evansville (zip 47712)
- The Sales Tax Rate for Evansville (zip 47712) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Evansville (zip 47712) 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 (zip 47712)
- The average income of a Evansville (zip 47712) resident is $28,407 a year. The US average is $37,638 a year.
- The Median household income of a Evansville (zip 47712) resident is $55,853 a year. The US average is $69,021 a year.