Salary & Cost of Living in Evansville, IN
Evansville, IN: $50,000 median salary, cost of living index 83, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$50,000
$24/hr
Cost of Living
83
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.5%
rate
Evansville, IN Overview
Population
117,979
Median Salary
$50,000
Average Salary
$55,500
Avg Commute
20 min
Median Home Price
$150,000
Median Rent
$800/mo
Job Growth
+1.2%
Sales Tax
7%
Evansville is located in Indiana with a population of 117,979. The median household salary is $50,000 per year ($24/hour), which is $9,384 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.2%.
Evansville Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Evansville, IN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,689
$3,390.71/month · $1,564.94/biweekly · Effective Rate: 18.6%
Gross Pay
$50,000
Federal Tax
-$3,962
State Tax
-$1,525
Local Tax
$0
FICA
-$3,825
Net Pay
$40,689
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,166.67 | $50,000.00 |
| Federal Income Tax | -$330.13 | -$3,961.50 |
| Indiana State Tax (3.05%) | -$127.08 | -$1,525.00 |
| Social Security (6.2%) | -$258.33 | -$3,100.00 |
| Medicare (1.45%) | -$60.42 | -$725.00 |
| Net Take-Home Pay | $3,390.71 | $40,688.50 |
Salary Comparison: Evansville vs Other Cities
See how Evansville's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Evansville, IN | $50,000 | 83 | $60,241 |
| National Average | $59,384 | 100 | $59,384 |
| Modesto, CA | $50,000 | 100 | $50,000 |
| Moreno Valley, CA | $50,000 | 100 | $50,000 |
| Salinas, CA | $50,000 | 110 | $45,455 |
| Lakeland, FL | $50,000 | 92 | $54,348 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Evansville
Evansville's cost of living index is 83 (national average = 100). Living in Evansville is 17% less expensive than the national average.
Median Home Price
$150,000
Median Monthly Rent
$800
Annual Rent Cost
$9,600
Your Salary's Purchasing Power
Your $40,689 annual take-home pay in Evansville has the purchasing power of approximately $49,022 in an average-cost US area. Your $50,000 salary stretches further here than in most US cities.
Top Industries in Evansville
Evansville's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $50,000.
Salary Tips for Evansville Workers
- Your salary goes further here. Evansville has a cost of living 17% below the national average. A salary of $50,000 here has the purchasing power of about $60,241 in an average-cost area.
- Research top industries. Evansville's top industries include Manufacturing, Healthcare, Education. Targeting roles in these sectors can help you earn above the $50,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Evansville, IN?
The median salary in Evansville, IN is $50,000 per year, or $24 per hour. The average salary is $55,500. This is $9,384 below the national median of $59,384.
What is the cost of living in Evansville, IN?
Evansville's cost of living index is 83 (national average = 100), meaning it is 17% less expensive compared to the national average. The median home price is $150,000 and the median monthly rent is $800.
What are the best industries in Evansville?
The top industries in Evansville, IN include Manufacturing, Healthcare, Education. The city has a job growth rate of 1.2% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $50,000.
How does Evansville's salary compare to other cities?
Evansville's median salary of $50,000 is 15.8% below the national median of $59,384. However, when adjusted for cost of living (index: 83), the real purchasing power is approximately $60,241.
What is the minimum wage in Evansville, IN?
The minimum wage in Evansville, IN is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.