Elgin vs Evansville
Cost of Living Comparison · 2026
Elgin
Evansville
The Verdict
Living in Evansville costs 18.8% less than Elgin. To match the purchasing power of a $75,000 salary in Elgin, you would need $63,158 in Evansville.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Elgin has the same purchasing power as $63,158 in Evansville.
Conversely, $75,000 in Evansville equals $89,063 in Elgin.
Living in Elgin vs Evansville
Housing Costs
Elgin's housing index of 89 is higher Evansville's 55, translating to median home prices of $279,000 vs $170,000. The $109,000 difference in home prices means roughly $7,080 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,375/mo in Elgin compared to $850/mo in Evansville, a monthly difference of $525.
Grocery & Food Costs
Grocery expenses index at 104 in Elgin and 95 in Evansville. A household spending the national average of $475/month on groceries would pay approximately $494/month in Elgin vs $451/month in Evansville. Evansville offers a meaningful advantage on everyday food costs, saving roughly $516/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 89 in Elgin and 105 in Evansville. Monthly utility bills average approximately $356 in Elgin 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 105 in Elgin and 105 in Evansville. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $90,300 in Elgin and $48,600 in Evansville. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $95,053 and $60,750 respectively. Elgin residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,107/month to housing in Elgin vs $1,134/month in Evansville. In Elgin, median rent of $1,375/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 34 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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