Anchorage vs Evansville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 67% cheaper for renters. A 2-bedroom rents for $694/mo vs $1,162/mo in Anchorage — saving $5,616/year.
Rent by Unit Size
| Unit Size | Anchorage | Evansville | Difference |
|---|---|---|---|
| Studio | $795 | $442 | $353 |
| 1 Bedroom | $960 | $564 | $396 |
| 2 Bedrooms | $1,162 | $694 | $468 |
| 3 Bedrooms | $1,475 | $844 | $631 |
| 4 Bedrooms | $1,674 | $981 | $693 |
| Median Income | $75,443 | $35,376 | $40,067 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/yr
Frequently Asked Questions
Is Anchorage or Evansville cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $1,162/mo in Anchorage. That's $468/mo or $5,616/year more expensive in Anchorage (67% higher).
What is the 2-bedroom rent in Anchorage vs Evansville?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Evansville, a 2-bedroom FMR is $694/month.
How do incomes compare between Anchorage and Evansville?
The median household income in Anchorage is $75,443/year. In Evansville it is $35,376/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Evansville?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Evansville it is $442/mo.