Evansville vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 64% cheaper for renters. A 2-bedroom rents for $694/mo vs $1,137/mo in Salem — saving $5,316/year.
Rent by Unit Size
| Unit Size | Evansville | Salem | Difference |
|---|---|---|---|
| Studio | $442 | $741 | $299 |
| 1 Bedroom | $564 | $913 | $349 |
| 2 Bedrooms | $694 | $1,137 | $443 |
| 3 Bedrooms | $844 | $1,411 | $567 |
| 4 Bedrooms | $981 | $1,615 | $634 |
| Median Income | $35,376 | $53,953 | $18,577 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Evansville or Salem cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $1,137/mo in Salem. That's $443/mo or $5,316/year more expensive in Salem (64% higher).
What is the 2-bedroom rent in Evansville vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Evansville and Salem?
The median household income in Evansville is $35,376/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Evansville vs Salem?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Salem it is $741/mo.