Housing costs in Evansville?
A typical home costs
$224,800, which is 33.5% less expensive than the national average of
$338,100 and 1.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Evansville costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Evansville?
To live comfortably in Evansville (zip 47720), Indiana, a minimum annual income of
$43,200 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Evansville?
The cost of living in 47720 Evansville, IN is relatively low compared to other parts of the country. According to BestPlaces, the cost of living index in Evansville is about 80 points lower than the U.S. average. As such, basic grocery items and healthcare costs are much lower than most places in the country. Additionally, housing costs are quite affordable with an average rent of $701 per month for a one-bedroom apartment and the average price for a home being around $112,000. This makes Evansville a great location for those looking to save money on day-to-day expenses as well as long-term investments in real estate.