CostIndexUSA

Evansville, IN vs Lafayette, LA Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

IN
Evansville
91.5
overall index
$1,050/mo rent
More AffordableLA
Lafayette
87.2
overall index
$1,325/mo rent

Lafayette is slightly cheaper than Evansville — 4.7% lower overall cost of living.

To match an $80,000 salary in Evansville, you would need $76,200 in Lafayette. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing−11.8%
Evansville
66.7
Lafayette
58.8
🛒 Groceries−0.6%
Evansville
94.3
Lafayette
93.7
🚗 Transportation−3.5%
Evansville
104.1
Lafayette
100.5
🏥 Healthcare−3.5%
Evansville
94.2
Lafayette
90.9
⚡ Utilities−17.9%
Evansville
86.7
Lafayette
71.2

Salary Equivalency Calculator

Enter your current salary in Evansville to see what you'd need to earn in Lafayette to maintain the same purchasing power.

$
→
Equivalent salary in Lafayette, LA
$76,200
$3,800 less needed in Lafayette

Formula: salary × (87.2 ÷ 91.5) = salary × 0.9530. Based on BEA Regional Price Parities.

Housing Market

Evansville, IN

Median Home Price
$214,000
Median Monthly Rent
$1,050
Housing Index
66.7
Price-to-Rent Ratio
17.0×

Lafayette, LA

Median Home Price
$194,000
Median Monthly Rent
$1,325
Housing Index
58.8
Price-to-Rent Ratio
12.2×

Evansville has 11.8% lower housing costs compared to Lafayette.

Income & Job Market

Evansville, IN

Median Household Income
$65,100
Per Capita Income
$37,100
Unemployment Rate
3.4%
Population
118,414
Top Industries
HealthcareManufacturingFinanceRetailEducation

Lafayette, LA

Median Household Income
$57,300
Per Capita Income
$32,700
Unemployment Rate
3.8%
Population
120,623
Top Industries
EnergyHealthcareEducationManufacturingRetail

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Evansville, IN
5.2×income-to-rent ratio

81% of income left after rent (median)

Lafayette, LA
3.6×income-to-rent ratio

72% of income left after rent (median)

Evansville vs other cities

Evansville, IN
vs
Bloomington, IN
Index: 91.5Index: 95.1
Evansville, IN
vs
Fort Wayne, IN
Index: 91.5Index: 92.6
Evansville, IN
vs
Indianapolis, IN
Index: 91.5Index: 95.7
Evansville, IN
vs
Beaumont, TX
Index: 91.5Index: 90
Evansville, IN
vs
Lakeland, FL
Index: 91.5Index: 97.1

Lafayette vs other cities

Lafayette, LA
vs
Baton Rouge, LA
Index: 87.2Index: 90.8
Lafayette, LA
vs
Lake Charles, LA
Index: 87.2Index: 85.9
Lafayette, LA
vs
Monroe, LA
Index: 87.2Index: 83.6
Lafayette, LA
vs
College Station, TX
Index: 87.2Index: 91
Lafayette, LA
vs
Hartford, CT
Index: 87.2Index: 102.7

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.