Evansville, IN vs Kokomo, IN

Evansville, IN and Kokomo, IN have a very similar cost of living, with only a 1.9% difference in their overall index. Evansville scores 71 while Kokomo scores 70 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 Evansville is $949/month compared to $917/month in Kokomo — a 4% difference. Home values follow the same pattern: Kokomo is more affordable at $126,500 median vs $129,100.

Median household income in Evansville is $52,251 compared to $54,195 in Kokomo (-3.6%). Kokomo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Evansville spend roughly 21.8% of their income on rent, more than the 20.3% in Kokomo.