Evansville vs Toledo
Cost of Living Comparison · 2026
Evansville
Toledo
The Verdict
Living in Toledo costs 3.9% less than Evansville. To match the purchasing power of a $75,000 salary in Evansville, you would need $72,188 in Toledo.
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 $72,188 in Toledo.
Conversely, $75,000 in Toledo equals $77,922 in Evansville.
Living in Evansville vs Toledo
Housing Costs
Evansville's housing index of 55 is equal to Toledo's 55, translating to median home prices of $170,000 vs $128,000. The $42,000 difference in home prices means roughly $2,736 per year in additional mortgage costs at current rates. Renters face a similar gap: $850/mo in Evansville compared to $825/mo in Toledo, a monthly difference of $25.
Grocery & Food Costs
Grocery expenses index at 95 in Evansville and 98 in Toledo. A household spending the national average of $475/month on groceries would pay approximately $451/month in Evansville vs $466/month in Toledo. 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 92 in Toledo. Monthly utility bills average approximately $420 in Evansville vs $368 in Toledo. 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 84 in Toledo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 21-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 $42,200 in Toledo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $60,750 and $54,805 respectively. Evansville residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,134/month to housing in Evansville vs $985/month in Toledo. In Evansville, median rent of $850/mo fits within this budget. In Toledo, median rent of $825/mo remains manageable. The biggest category-level difference between these two cities is Healthcare, where the gap is 21 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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