Evansville vs Montpelier
Cost of Living Comparison · 2026
Evansville
Montpelier
The Verdict
The cost gap between these cities is 31.6%, with Evansville being the more affordable option. A $75,000 income in Evansville has equivalent purchasing power to $109,688 in Montpelier.
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 $109,688 in Montpelier.
Conversely, $75,000 in Montpelier equals $51,282 in Evansville.
Living in Evansville vs Montpelier
Housing Costs
Evansville's housing index of 55 is lower Montpelier's 131, translating to median home prices of $170,000 vs $375,000. The $205,000 difference in home prices means roughly $13,320 per year in additional mortgage costs at current rates. Renters face a similar gap: $850/mo in Evansville compared to $1,400/mo in Montpelier, a monthly difference of $550.
Grocery & Food Costs
Grocery expenses index at 95 in Evansville and 104 in Montpelier. A household spending the national average of $475/month on groceries would pay approximately $451/month in Evansville vs $494/month in Montpelier. Evansville offers a meaningful advantage on everyday food costs, saving roughly $516/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 105 in Evansville and 123 in Montpelier. Monthly utility bills average approximately $420 in Evansville vs $492 in Montpelier. 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 Evansville and 107 in Montpelier. 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 $48,600 in Evansville and $82,600 in Montpelier. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $60,750 and $70,598 respectively. Montpelier 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 $1,927/month in Montpelier. In Evansville, median rent of $850/mo fits within this budget. In Montpelier, median rent of $1,400/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 76 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
As an Amazon Associate we earn from qualifying purchases