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The local economy benefits from the industries of health care systems, hospitality, educational services, and building construction. The area's unemployment rate is 5.5%, which is more than the American average. The median annual household income is $45,649, which is around $23,500 less than the national average of $69,021.
The economy is growing at the same speed as the rest of the country. The area’s predicted job growth rate for the next decade is 33.2%, compared to the national rate of 33.5%.
Industries offering the most jobs are health care systems (14.1%), hospitality (9.2%), educational services (6.6%), building construction (6.0%), department & other general merchandise stores (4.6%), administrative support/waste management (4.4%), and professional, scientific, and technical services (3.5%).
The neighborhood with the most expensive homes is McCutchanville. Houses in that area sell for just over $400k. If you are looking for something a little less pricey, here are a few alternatives to consider.
The Evansville Vanderburgh School Corporation manages the public schools. The school district invests $11,874 each year in providing education services for each student. The student-to-teacher ratio is superb at 15 to one.
There are 19 private schools in town. The top-ranked ones are Mater Dei High School (9th to 12th), Evansville Day School (PK to 12th), and Reitz Memorial High School (9th to 12th).
There are four colleges in this city and 41 colleges and universities within 100 miles. The local schools are Ivy Tech Community College Southwest (public, two-year), the University of Evansville (private, four-year), and the University of Southern Indiana (public, four-year).
The local government consists of an elected mayor and nine members serving on the City Council. More information can be found on Evansville's website.
The Evansville Parks and Recreation manages the public parks, playgrounds, swimming pools, Swonder Ice Arena, golf courses, recreational areas, and community facilities.
The median home price is $190,000. The price trend is increasing by 5.6% year-over-year. The housing market is a seller’s market, with fewer homes listed for sale than potential buyers. Housing costs are a helpful 37% lower than the national average. The cost of living is 1% lower than experienced in other Indiana cities and 11% lower than in the rest of the country.