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The local economy benefits from the commercial sectors of health-care companies, hospitality, educational services, and renovation construction. The area's unemployment is an average rate is 5.5%, which is a bit more than the country’s average. The median annual income for each household is kinda low at $45,649, which is around $23,500 smaller than the national average of $69,021.
The economy is growing well to match the rest of the country. Evansville’s predicted job growth rate for the next decade is 33.2%, compared to the overall American rate of 33.5%.
Industries offering lots of jobs are health care systems (14.1%), hospitality groups (9.2%), educational services (6.6%), building construction (6.0%), department & other general merchandise stores (4.6%), admin support/waste management (4.4%), and professional, scientific, and technical services (3.5%).
McCutchanville is the neighborhood with the most expensive homes, which cost more than $400,000. To find some lower-cost alternatives, here are a few places to check out.
The Evansville Vanderburgh School Corporation is in charge of the public schools. The school district budgets $11,874 each year to provide education services for each student. The student-to-teacher ratio is good at 15 to one.
There are 19 private schools in Evansville. The best ones are Reitz Memorial High School (9th to 12th), Mater Dei High School (9th to 12th), and Evansville Day School (PK to 12th).
There are four colleges in this community and 41 colleges and universities within 100 miles. The local colleges include Ivy Tech Community College Southwest (public, two-year), the University of Southern Indiana (public, four-year), and the University of Evansville (private, four-year).
An elected mayor and nine members serving on the City Council make up the local government. Learn more about the community on Evansville's website.
The Evansville Parks and Recreation operates and maintains the public parks, playgrounds, swimming pools, golf courses, recreational areas, the Swonder Ice Arena, and community facilities.
The median home sales price is $190,000. The price trend is going up by 5.6% year-over-year. It’s a seller’s market. There are fewer homes offered for sale than the pool of buyers. Housing costs are a budget-making 37% lower than the national average. The cost of living is 1% lower than experienced in other cities in the state and 11% lower than in the rest of the country.