Manageable

What Salary Do You Need to Live in Evansville?

To afford a 2-bedroom in Evansville, you need to earn at least $44,200/year based on estimated fair market rent data. The median household income here is $49,853, which means the typical resident is $5,653 above the threshold.

Census ACS Data Pop. 116,906

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$774	$2,580	$30,960	$-18,893
1 Bedroom	$917	$3,057	$36,680	$-13,173
2 Bedroom BENCHMARK	$1,105	$3,683	$44,200	$-5,653
3 Bedroom	$1,348	$4,493	$53,920	+$4,067
4 Bedroom	$1,658	$5,527	$66,320	+$16,467

Affordability Breakdown

Where the required salary line crosses above Evansville's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$49,853

Annual household

2BR Required Salary

$44,200

Under 30% rule

Income Gap

+$5,653

Surplus

Verdict

Manageable

Ratio: 26.6%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Evansville

Your Annual Salary

Pre-filled with Evansville's median household income

Max monthly rent you can afford$1,246

Studio

$774/mo

1 BR

$917/mo

2 BR

$1,105/mo

3 BR

$1,348/mo

4 BR

$1,658/mo

Your salary is $0 above the median income in Evansville.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Evansville's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Evansville

Renting in Evansville, Indiana is doable for median earners, but tight. A 2-bedroom requires roughly $44,200/year under the 30% rule, and with a median income of $49,853, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($917/month) or studio ($774/month) materially improves the math. For those needing more space, a 3-bedroom in Evansville pushes the required income to $53,920.

For comfortable living in Evansville without financial stress, target a household income of at least $66,300 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Indiana's cost of living.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Evansville, Indiana.

With a total population of 116,906, the city supports an active civilian workforce of 57,095 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $44,200 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

57,095

Active civilian employees in Evansville

Frequently Asked Questions About Renting in Evansville

What salary do I need to live in Evansville, Indiana?

To afford a 2-bedroom in Evansville under the 30% rule, you need an annual salary of at least $44,200. The median household income in Evansville is $49,853.

Can I afford a 2-bedroom in Evansville on $49,853?

The affordability verdict for Evansville is "Manageable". The rent-to-income ratio is 26.6%, meaning median earners have a $5,653 surplus.

What is the average rent in Evansville compared to median income?

The median gross rent in Evansville is $917/month. With a median household income of $49,853, residents spend approximately 26.6% of their income on rent.

What salary do I need for a studio in Evansville?

A studio in Evansville rents for approximately $774/month. Under the 30% rule, you need an annual salary of $30,960 to afford this.

Is Evansville considered an affordable place to live?

Based on the surplus of $5,653 and an affordability verdict of "Manageable", Evansville is considered a manageable rental market when comparing the required 2-bedroom salary of $44,200 to the local median household income.

How Evansville Compares

Other cities in Indiana with salary requirements