Pelase, I Don't understand the next sentence

Question

I am even.

We are even

Answer 1

Estamos empatados (more used in sports)

Estamos en paz (we are up to par)

Estamos a la par (we are up to par)

Estamos iguales (we are at the same level)

Estamos tablas (a term borrowed from boxing)

I am even (as in I got even) means Me he desquitado / Me siento reivindicado / Me siento resarcido / Me siento recompensado

Answer 2

ÓK, here´s the other one, and I have, upon contemplation, no good way to explain it at my level of spanish, so I¨m going to feed you a link from an engine I like to use for checking context (from Linguee)

We-are-even

Maybe:

estamos aún más

or.

Estamos + verbo + incluso ...

Answer 3

Francos answers are all great and valid.

An even more common context that jumps to mind for me, is to way ¨we are even¨, meaning two opponents have scored the same number of points. But we use this very broadly. It could be points in a game, punches in a fight, and even number of insults, or practical jokes, or really anything where there is a back and forth exchange.

I don´t know if one of those is really maybe already covered by one of Franco´s, such as, ¨Estamos iguales¨ or maybe ¨estamos tablas¨, but thought this is so commonly and broadly used, that I wanted to expound a bit.

and that there´s another completely different one that I´m to give its own answer.

Stay tuned...