Evansville, IN at a glance
Median household income
$53,387$4,449 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Evansville, IN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Evansville, IN? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Evansville, IN MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $853 | $10,236 | $34,120 | 19.2% |
| 1-Bedroom Apartment | $860 | $10,320 | $34,400 | 19.3% |
| 2-Bedroom ApartmentBenchmark | $1,113 | $13,356 | $44,520 | 25% |
| 3-Bedroom Home | $1,370 | $16,440 | $54,800 | 30.8% |
| 4-Bedroom Home | $1,539 | $18,468 | $61,560 | 34.6% |
What a typical income covers in Evansville, IN
The 50/30/20 rule applied to the local median of $53,387 a year ($4,449 a month before tax).
What $53,387 leaves after Indiana taxes
Federal income tax, Social Security, Medicare and Indiana tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Indiana
Living in Evansville, IN: common questions
What is the median household income in Evansville, IN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Evansville, IN is $53,387 per year (approximately $4,449 per month).
What is the average rent in Evansville, IN?
The closest official figure is HUD's Fair Market Rent for 2026: $853 for a studio, $860 for one bedroom, $1,113 for two, $1,370 for three and $1,539 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Evansville, IN expensive to live in?
Prices there run 8.5% below the U.S. average. BEA's regional price parity for the metro area is 91.5, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Evansville, IN?
To keep a $1,113 two-bedroom under 30% of gross income, a household needs about $44,520 a year, or $3,710 a month. That is 83% of what the typical household in Evansville, IN earns.
How much do you need to live comfortably in Evansville, IN?
On the local median income of $53,387 ($4,449 a month before tax), the 50/30/20 rule leaves $2,224 a month for needs like rent, utilities and groceries, $1,335 for everything else and $890 for savings or debt. A two-bedroom at $1,113 takes 50% of the needs share.
How much is the electric bill in Evansville, IN?
Homes in Indiana paid 17.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $158. Your bill depends mostly on heating and cooling.