Wondering how far your dollar stretches in Fort Wayne compared to Evansville? Below we break down housing costs, rent, taxes, income, and quality of life using 2026 data so you can make an informed relocation or remote-work decision. Every number is computed from Census, BLS, and Zillow data specific to these two metro areas.
| Fort Wayne | Metric | Evansville | Difference |
|---|---|---|---|
| 84 | Cost of Living Index | 82 | -2.4% |
| $200,000 | Median Home Price | $165,000 | -17.5% |
| $850 | Median Monthly Rent | $825 | -2.9% |
| $57,600 | Median Household Income | $48,500 | -15.8% |
| 0.8% | Property Tax Rate | 1.0% | +20.5% |
| 3.8% | Unemployment Rate | 3.5% | -7.9% |
| 20 min | Average Commute | 20 min | +0.0% |
| 35.8 | Median Age | 37.5 | +4.7% |
| 410,000 | Metro Population | 315,000 | -23.2% |
Data sourced from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024-2025). COL Index: 100 = national average.
Monthly mortgage assumes 6.5% interest, 30-year fixed, 20.0%down payment. PITI includes principal, interest, property tax, and homeowner's insurance.
Buying a home in Fort Wayne costs $1,208/month (PITI) compared to $1,020/month in Evansville — a difference of $188/month or $2,256/year. The price-to-income ratio is 3.5x in Fort Wayne versus 3.4x in Evansville, suggesting Evansville is relatively more affordable for homebuyers relative to local incomes. At a 15% savings rate, it takes 4.6 years to save a down payment in Fort Wayne compared to 4.5 years in Evansville.
Estimated on each city's median household income, single filer, standard deduction, 2025 rates.
| Tax Category | Fort Wayne | Evansville |
|---|---|---|
| Gross Income | $57,600 | $48,500 |
| State Income Tax | $1,698 | $1,425 |
| Federal Income Tax | $4,783 | $3,691 |
| FICA (SS + Medicare) | $4,406 | $3,710 |
| Property Tax (on median home) | $1,660/yr | $1,650/yr |
| State Sales Tax Rate | 7.0% | 7.0% |
| Total Tax Burden | $10,887 (18.9%) | $8,826 (18.2%) |
| Take-Home Pay | $46,713 | $39,674 |
On median household income, total taxes (federal + state + FICA) come to $10,887 in Fort Wayne (18.9% effective) versus $8,826 in Evansville (18.2% effective). After taxes, take-home pay is $46,713 in Fort Wayne and $39,674 in Evansville. Property taxes add $1,660/year on the median Fort Wayne home versus $1,650/year in Evansville.
These figures adjust for cost of living using the formula: adjusted = salary × (COL_destination / COL_origin). If you earn $57,600 in Fort Wayne (COL 84) and relocate to Evansville (COL 82), you would need $56,229 to maintain the same purchasing power. This means you can take a pay cut of $1,371 and still maintain your lifestyle in Evansville.
Beyond costs, quality of life matters. The average commute in Fort Wayne is 20 minutes versus 20 minutes in Evansville, a difference of 0 minutes each way. Evansville's lower unemployment rate of 3.5% versus 3.8% suggests a stronger job market. Evansville skews slightly older with a median age of 37.5 vs 35.8 in Fort Wayne.
Fort Wayne is 2.4% more expensive than Evansville overall. Fort Wayne has a cost of living index of 84 compared to 82 for Evansville (national average = 100). The biggest difference is housing: the median home costs $200,000 in Fort Wayne vs $165,000 in Evansville.
The median home price in Fort Wayne is $200,000, which is $35,000 more than Evansville's median of $165,000. Monthly rent follows a similar pattern: $850/month in Fort Wayne vs $825/month in Evansville, a difference of $25/month or $300/year.
To maintain the same standard of living, a $57,600 salary in Fort Wayne is equivalent to $56,229 in Evansville. This is based on the cost of living index ratio: Fort Wayne's COL index of 84 vs Evansville's 82. Conversely, $48,500 in Evansville equals $49,683 in Fort Wayne.
On a median household income, the combined federal, state, and FICA tax burden is $10,887 (18.9% effective rate) in Fort Wayne vs $8,826 (18.2% effective rate) in Evansville. Property taxes on the median home are $1,660/year in Fort Wayne (0.8% rate) vs $1,650/year in Evansville (1.0% rate). Sales tax rates are 7.0% in Indiana and 7.0% in Indiana.
Fort Wayne median household income: $57,600/yr. Evansville median household income: $48,500/yr (Census ACS).
Median monthly rent: $850 in Fort Wayne vs $825 in Evansville. Annualized that is $10,200 vs $9,900.
Evansville offers a lower cost of living (index 82 vs 84), which lets remote-workers keeping a coastal salary stretch further. Fort Wayne typically wins on amenities and labor-market depth.
Fort Wayne and Evansville numbers are pulled from Zillow ZHVI/ZORI (home values, rent), the U.S. Census Bureau ACS (income, demographics), and BEA RPP (cost-of-living index). Each value is timestamped on the page.
Source feeds (Zillow, Freddie Mac PMMS, Census ACS, BEA RPP) are refreshed on their native cadence. Page caches revalidate every 24 hours via Next.js ISR.
No. The Fort Wayne vs Evansville cost-of-living page is educational reference using public data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for material decisions.
Home prices use Zillow Home Value Index (ZHVI)[1]; rents use Zillow Observed Rent Index (ZORI)[1]. Median household income comes from the Census ACS 5-year estimates[2].
COL indices use the BEA Regional Price Parity methodology[3], normalized so 100 = national average.
Property tax rates are effective rates from the Tax Foundation[4], expressed as % of owner-occupied home value. Mortgage estimates assume 6.5% fixed rate[5], 30-year term, 20.0% down, $1,800/yr homeowners insurance.
Federal tax calculations[6] assume single filer, standard deduction. State tax uses the top marginal rate times taxable income after the state standard deduction. FICA = 6.2% Social Security (up to wage base) + 1.45% Medicare.
Salary equivalence uses adjusted = salary × (COL_destination / COL_origin). This captures cost-of-living shift but not state income tax differences.
Unemployment figures are the most recent monthly MSA-level readings from the BLS LAUS series[7].
Last reviewed is computed from the maximum retrievedAt across every source this page consumes.
City data from Census Bureau[2], BLS[7], and Zillow[1] (2024-2025). Tax calculations use 2025 IRS rates[6], single filer, standard deduction. Mortgage estimates assume 6.5% PMMS rate[5], 30-year term, 20.0% down. COL Index: 100 = national average[3]. Last reviewed .