47711, Evansville, IN

Evansville, Indiana is a city located in the southern part of the state. The city has a population of over 100,000 and covers an area of approximately 107 square miles. Evansville is home to several universities including Southern Illinois University Edwardsville and Indiana State University.

The median household income in Evansville was $50,917 in 2016. This is lower than the national median household income of $59,039 but higher than the median household income for Indiana of $43,574. The percentage of households earning less than $25,000 was 14% while the percentage of households earning more than $75,000 was 59%. The percentage of households earning between $25,000 and $50,000 was 21%. The percentage of households earning between $50,000 and $75,000 was 43%.

The cost of living in Evansville is lower than the national average. The cost of housing is lower by about 8% while utilities are about 7% cheaper. Food costs are also about 7% cheaper compared to the national average while transportation costs are about 9% cheaper. In terms of health care costs, Evansville residents pay about 10% less compared to those living in other parts of Indiana.

Home prices in Evansville have been increasing at a rate faster than most other cities across America over recent years. In 2017 alone home prices increased by 5%. This increase has led to concerns among some residents that home ownership may no longer be attainable for those not already wealthy or well-connected. While it's true that home prices can vary significantly from one neighborhood to another within any given city there's no question that homes in Evansville are increasingly expensive relative to incomes earned by local residents