Elkhart, IN vs Evansville, IN

Elkhart, IN and Evansville, IN have a very similar cost of living, with only a 2.4% difference in their overall index. Elkhart scores 73 while Evansville scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elkhart is $981/month compared to $949/month in Evansville — a 3% difference. Interestingly, home values tell a different story: while Evansville has cheaper rent, Elkhart actually has lower median home values ($126,900 vs $129,100).

Median household income in Elkhart is $47,885 compared to $52,251 in Evansville (-8.4%). Evansville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elkhart spend roughly 24.6% of their income on rent, more than the 21.8% in Evansville.