i5 6500 vs 4690

Solution
Agreed

i5-6500

• Relative 5-10% IPC improvement
• DDR4 Support
• Various Motherboard Feature Availability
• Better iGPU
• Lower TDP
• Not that it matters, but larger memory supported
Personally I'm divided on this topic. On one hand: I'm always an advocate for being on the latest technology, which in this case would be the i5-6500. I like that many of those boards come with M.2 slots, and that there is a future upgrade path to a i7-6700k. On the other hand: The 6700k is currently overpriced. While the i7-4790k can be had for $300 new at MicroCenter (local pickup). It can be purchased used on Ebay for $250 or less. But were it my money, I'd ultimately opt for the socket 1151 i5-6500. However, if I were considering starting out with a $300 CPU investment, I'd opt for the 5820k, which can be purchase at MicroCenter (local pickup) for that price. You can't beat that price for six cores.
 


Realistically though, the 4690 new with an entry level H97 board is roughly the same as a 6500 new with an entry level H170 board.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($199.99 @ SuperBiiz)
Motherboard: ASRock H170A-X1 ATX LGA1151 Motherboard ($78.99 @ SuperBiiz)
Memory: G.Skill Aegis 8GB (2 x 4GB) DDR4-2133 Memory ($34.99 @ Newegg)
Total: $313.97
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-02-20 10:51 EST-0500

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4690 3.5GHz Quad-Core Processor ($214.99 @ SuperBiiz)
Motherboard: ASRock H97M PRO4 Micro ATX LGA1150 Motherboard ($74.99 @ SuperBiiz)
Memory: A-Data XPG V1.0 8GB (2 x 4GB) DDR3-1600 Memory ($34.99 @ Newegg)
Total: $324.97
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-02-20 10:52 EST-0500

So unless the op is reusing his DDR3 from his previous set-up, which is a 50/50 chance, there really is no value for the 4690.

http://www.cpu-monkey.com/en/compare_cpu-intel_core_i5_6500-524-vs-intel_core_i5_4690-356

This doesn't exactly equate to real world performance of course. Telling a difference between the two in gaming would be pretty difficult.
 
you could have done a fair comparison

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4690 3.5GHz Quad-Core Processor ($214.99 @ SuperBiiz)
Motherboard: ASRock H97M Anniversary Micro ATX LGA1150 Motherboard ($67.89 @ OutletPC)
Memory: PNY Anarchy 8GB (2 x 4GB) DDR3-1866 Memory ($32.99 @ Amazon)
Total: $315.87



PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($199.99 @ SuperBiiz)
Motherboard: ASRock H170A-X1 ATX LGA1151 Motherboard ($78.99 @ SuperBiiz)
Memory: Kingston ValueRAM 8GB (2 x 4GB) DDR4-2133 Memory ($33.35 @ Newegg)
Total: $312.33


1% in favor of 6500
if op already has 4 gb or 8 gb ram, then


$282.88 4th

$312.33 6th

10% in favor of 4690



could argue upgrade path, but honestly majority never upgrade anyways.