Quick facts: Evansville, IN

Quick Facts

89.2
Cost of Living
below US average
115,749
Population
44.85
Crime Rate per 1000
above US average
$49,853
Median Income
below US average
$483,700
Median House Price
above US average
$1208.33
Average Rent
below US average
13%
Poverty Rate
above US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $49,853.

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Income Needed to Buy

βœ— Stretch
$152k/year
Based on $483,700 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $152k vs median $49,853
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Income Needed to Rent

⚠ Stretch
$52k/year
Based on $1208.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $52k vs median $49,853
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Evansville, IN

Evansville, Indiana, is a vibrant city located along the Ohio River in the southwestern part of the state. It serves as the county seat of Vanderburgh County and is the third-largest city in Indiana, known for its rich history, diverse culture, and economic significance. The city's history dates back to the early 19th century, and it has developed into a regional center for healthcare, education, and manufacturing. Notable institutions such as the University of Evansville and Ivy Tech Community College contribute to the local educational landscape. Evansville features a variety of attractions, including the Mesker Park Zoo, the Evansville Museum of Arts, History & Science, and the waterfront Tropicana Evansville casino. The city hosts several annual events, such as the West Side Nut Club Fall Festival, which showcases local food and culture. Outdoor enthusiasts can enjoy the scenic Riverwalk, parks, and recreational opportunities along the Ohio River. With a friendly community, affordable living, and a growing economy, Evansville presents a welcoming atmosphere for residents and visitors alike.

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