Cost of Living: Carmel, IN vs Evansville, IN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Carmel, IN versus $4,332/mo in Evansville, IN. In the model, rent is about 23.42% of gross in Carmel, IN versus 13.83% in Evansville, IN, so Evansville, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Carmel, IN and Evansville, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Evansville, IN
- Lower rent (median 1BR/2BR): Evansville, IN
- Lower home prices: Evansville, IN
- Higher median household income: Carmel, IN
Cost of Living Index
Carmel, IN: 100 (U.S. = 100) · Evansville, IN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Carmel, IN: $1,527/mo (midpoint of 1BR/2BR) · Evansville, IN: $902/mo
Median rent in Carmel, IN is $625/mo higher than in Evansville, IN.
Median Home Price
Carmel, IN: $455,500 · Evansville, IN: $129,100
Median home price in Carmel, IN is $326,400 higher than in Evansville, IN.
Median Household Income
Carmel, IN: $134,602 · Evansville, IN: $52,251
Carmel, IN has a higher median household income than Evansville, IN by $82,351.
Carmel, IN overview · Evansville, IN overview · Popular comparisons