Evansville vs Springfield for Retirees (2026)
Scroll down for retirement income tax breakdown, healthcare estimates, and FAQ.
Your move simulator
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Estimated annual swing
+$238/yr
Favoring Evansville for this income & household (illustrative).
With an extra $20/mo in Evansville, you could max a Roth IRA contribution faster and still grow your savings buffer.
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High-yield savings
Grow your move fund while rates are high
Even $20/mo extra earns meaningfully at 4–5% APY vs near-zero in checking.
Home + auto bundle
New state — compare rates before you sign
Moving to Evansville resets your insurance profile. Bundling home + auto often saves 15–25%.
Supplemental health
Evansville's lower taxes leave ~$864/yr more for healthcare
Health coverage varies by state. Review Medigap plans available in your new zip before moving.
Full retirement cost breakdown
| Metric | Evansville Indiana | Springfield Missouri | Your impact |
|---|---|---|---|
| 1BR rent / month | $990 | $950Better | $480/yr saves in Springfield |
| Median home price | $185KBetter | $185K | — |
| State income tax | 3.2%Better | 4.7% | $1,125/yr saves in Evansville |
| Sales tax (combined) | 7%Better | 8.3% | — |
| Monthly utilities | $152Better | $155 | — |
| Groceries index (US = 100) | 93Better | 93 | — |
| Est. healthcare / month | $400 | $395Better | — |
| Walk score (0–100) | 28 / 100Better | 26 / 100 | — |
| Overall COL index (100 = US avg) | 80 | 79Better | — |
Your biggest money opportunities based on this comparison.
Retirement tax savings
Evansville saves ~$63/mo on a $50K retirement income
Keep more of your fixed income. Park the tax savings in a high-yield account to let it compound.
Complete the Picture
While you’re comparing — don’t leave money on the table.
Mortgages
See what you can afford in Springfield
Compare rates from top lenders before your move — pre-approval is free and won't affect your score.
Home & Auto Insurance
Bundle before you move — save 15–25%
New state means new rates. Lock in Springfield homeowners + auto quotes before your move date.
Moving Rewards Card
Turn closing costs & moving expenses into cash back
Average family spends $6,200 on a move. These cards pay 2–4% back + 0% intro APR on purchases.
Frequently asked questions
Which city is better for retirement — Evansville or Springfield?
Based on home prices, taxes on retirement income, walkability, and overall cost of living, Evansville scores better for retirees. Median home prices are $185K in Evansville vs $185K in Springfield. Springfield is approximately 1% cheaper overall. The best choice still depends on climate, healthcare access, and proximity to family.
Is retirement income taxed in Evansville or Springfield?
Evansville has the lower state income tax rate (3.2% vs 4.7%). Note that many states exempt Social Security income and some pension income from state taxes even when other income is taxed — check your specific state's retirement tax rules.
What is the estimated monthly healthcare cost in Evansville vs Springfield?
Based on national average retiree healthcare spending (~$500/month) scaled by each city's cost-of-living index, estimated monthly healthcare costs are approximately $400 in Evansville and $395 in Springfield. That's a difference of ~$5/month, or ~$60/year. Actual costs vary based on your Medicare plan, supplements, and health needs.
Can I afford to retire in Evansville on a $50,000 annual income?
On a $50,000/year ($4,167/month) retirement income in Evansville, rent alone would consume approximately 24% of your budget (1BR rent ~$990/mo) and healthcare another ~10%. That leaves roughly 66% (~$2,750/mo) for groceries, transportation, and other expenses. This is generally considered manageable.
Which city is more walkable for retirees?
Evansville has a higher walk score (28 vs 26 out of 100). Walkability is increasingly important for retirees who want to reduce car dependence — a score above 70 means most daily errands can be done on foot. Evansville offers more independence without a car, which also reduces transportation costs.
$50K/year in Evansville has the same purchasing power as $49K/year in Springfield
Healthcare estimates based on national avg retiree spending (~$500/mo) scaled by COL index · State income tax rates from Tax Foundation · Data: Zillow, BLS, Numbeo · Q1 2026