Cost of Living in Parke County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Parke County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Parke County, Indiana
Parke County offers strong affordability.
At 13.1%, Parke County's rent-to-income ratio beats the national average, meaning renters here keep more of their paychecks than typical Americans. The modest $731 monthly rent reflects genuine affordability for the county's $66,776 median household income.
Tied for Indiana's best value.
Parke County matches Noble County at 13.1% rent-to-income ratio, tying for the lowest affordability burden in Indiana and well below the state's 15.6% average. This elite standing places Parke County among the state's most livable counties for renters managing housing costs.
Cheapest rent in the region.
Parke County's $731 rent is the lowest among all comparison counties, beating Orange County ($838) and Ohio County ($852) by meaningful margins. Its $139,300 median home value also ranks among the region's most affordable for buyers.
Housing takes minimal income share.
On a $66,776 median income, the typical Parke County household spends just 13.1% on rent ($731/month) or 13.3% on mortgage costs ($743/month). This efficiency leaves maximum room in monthly budgets for groceries, healthcare, childcare, and savings—a rare luxury among rural Indiana counties.
Maximum value for rural living.
Parke County delivers some of the lowest housing costs in Indiana without sacrificing community or access, making it ideal for affordability-focused movers. Check these numbers against what you're currently paying—the difference could transform your family's financial position.
Affordability Calculator
See how your income compares to housing costs in Parke County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,558
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Parke County
Median home value is $139,300. Estimated monthly cost: $1,112 vs. your max of $1,558.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.