Affordable

What Salary Do You Need to Live in Evansville?

To afford a 2-bedroom in Evansville, you need to earn at least $38,520/year based on estimated fair market rent data. The median household income here is $83,431, which means the typical resident is $44,911 above the threshold.

Census ACS Data Pop. 5,720

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$674	$2,247	$26,960	$-56,471
1 Bedroom	$799	$2,663	$31,960	$-51,471
2 Bedroom BENCHMARK	$963	$3,210	$38,520	$-44,911
3 Bedroom	$1,175	$3,917	$47,000	$-36,431
4 Bedroom	$1,445	$4,817	$57,800	$-25,631

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

$83,431

Annual household

2BR Required Salary

$38,520

Under 30% rule

Income Gap

+$44,911

Surplus

Verdict

Affordable

Ratio: 13.9%

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$2,086

Studio

$674/mo

1 BR

$799/mo

2 BR

$963/mo

3 BR

$1,175/mo

4 BR

$1,445/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

Evansville, Wisconsin stands out as one of the more financially accessible housing markets in the state. The median household income of $83,431 significantly exceeds the $38,520 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $44,911 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Evansville, a studio at $674/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,175/month remains accessible for dual-income households earning above $47,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $57,780 would position you well — though many residents in Evansville manage on less given the favorable rent-to-income dynamics.

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, Wisconsin.

With a total population of 5,720, the city supports an active civilian workforce of 3,275 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $38,520 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

3,275

Active civilian employees in Evansville

Frequently Asked Questions About Renting in Evansville

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

To afford a 2-bedroom in Evansville under the 30% rule, you need an annual salary of at least $38,520. The median household income in Evansville is $83,431.

Can I afford a 2-bedroom in Evansville on $83,431?

The affordability verdict for Evansville is "Affordable". The rent-to-income ratio is 13.9%, meaning median earners have a $44,911 surplus.

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

The median gross rent in Evansville is $799/month. With a median household income of $83,431, residents spend approximately 13.9% of their income on rent.

What salary do I need for a studio in Evansville?

A studio in Evansville rents for approximately $674/month. Under the 30% rule, you need an annual salary of $26,960 to afford this.

Is Evansville considered an affordable place to live?

Based on the surplus of $44,911 and an affordability verdict of "Affordable", Evansville is considered a affordable rental market when comparing the required 2-bedroom salary of $38,520 to the local median household income.

How Evansville Compares

Other cities in Wisconsin with salary requirements