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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Parke County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Parke County ranks #688 of 3,142 counties for affordability (top 22%)
Sourced county brief
Parke County Median Gross Rent Below State Mean
Median gross rent in Parke County was $704 per month, a figure $207 lower than the Indiana unweighted county mean of $911. The official rentBurdenGrapiPct, which is the canonical rentToIncomePct from official ACS B25071 GRAPI data, was 24.7%. This is 2.2 percentage points below the state unweighted county mean of 26.9%. For owner-occupied units, the median home value was $151,200, compared to the state unweighted county mean of $191,899. Median monthly owner costs were $760, which is below the state unweighted mean of $951. Median renter-household income was recorded at $34,630. These statistics are based on the 2020-2024 5-Year Estimates and provide a snapshot of costs at that time. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Parke County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.7% of renter household income in Parke County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $704 per month; median selected monthly owner costs are $760. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $28,160 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Parke County's $704 median is 22.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Parke County
Rent Burden
12.3%
of gross income
Max Housing (28% Rule)
$1,598
per month
Owner Cost Burden
13.3%
of gross income
You can likely afford the median home in Parke County
Median home value is $151,200. Estimated monthly cost: $1,207 vs. your max of $1,598.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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