Evansville vs Franklin
Cost of Living Comparison · 2026
Evansville
Franklin
The Verdict
Evansville is 42.4% less expensive than Franklin overall. A household earning $75,000 in Evansville would need approximately $130,313 in Franklin to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Evansville has the same purchasing power as $130,313 in Franklin.
Conversely, $75,000 in Franklin equals $43,165 in Evansville.
Living in Evansville vs Franklin
Housing Costs
Evansville's housing index of 55 is lower Franklin's 230, translating to median home prices of $170,000 vs $750,000. The $580,000 difference in home prices means roughly $37,704 per year in additional mortgage costs at current rates. Renters face a similar gap: $850/mo in Evansville compared to $1,850/mo in Franklin, a monthly difference of $1,000.
Grocery & Food Costs
Grocery expenses index at 95 in Evansville and 100 in Franklin. A household spending the national average of $475/month on groceries would pay approximately $451/month in Evansville vs $475/month in Franklin. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 105 in Evansville and 97 in Franklin. Monthly utility bills average approximately $420 in Evansville vs $388 in Franklin. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 105 in Evansville and 91 in Franklin. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 14-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $48,600 in Evansville and $118,200 in Franklin. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $60,750 and $85,036 respectively. Franklin residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,134/month to housing in Evansville vs $2,758/month in Franklin. In Evansville, median rent of $850/mo fits within this budget. In Franklin, median rent of $1,850/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 175 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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