Anchorage vs Evansville
Cost of Living Comparison · 2026
Anchorage
Evansville
The Verdict
Living in Evansville costs 58.8% less than Anchorage. To match the purchasing power of a $75,000 salary in Anchorage, you would need $47,244 in Evansville.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Anchorage has the same purchasing power as $47,244 in Evansville.
Conversely, $75,000 in Evansville equals $119,063 in Anchorage.
Living in Anchorage vs Evansville
Housing Costs
Anchorage's housing index of 142 is higher Evansville's 55, translating to median home prices of $340,000 vs $170,000. The $170,000 difference in home prices means roughly $11,052 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,400/mo in Anchorage compared to $850/mo in Evansville, a monthly difference of $550.
Grocery & Food Costs
Grocery expenses index at 120 in Anchorage and 95 in Evansville. A household spending the national average of $475/month on groceries would pay approximately $570/month in Anchorage vs $451/month in Evansville. Evansville offers a meaningful advantage on everyday food costs, saving roughly $1428/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 130 in Anchorage and 105 in Evansville. Monthly utility bills average approximately $520 in Anchorage vs $420 in Evansville. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 128 in Anchorage and 105 in Evansville. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 23-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $72,515 in Anchorage and $48,600 in Evansville. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $57,098 and $60,750 respectively. Evansville residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,692/month to housing in Anchorage vs $1,134/month in Evansville. In Anchorage, median rent of $1,400/mo fits within this budget. In Evansville, median rent of $850/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 87 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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