Parkers Settlement, IN Cost of Living


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Parkers Settlement cost of living score
82.7
Less expensive
17.3% lower
than the US average
1.2% lower
than the Indiana average
Parkers Settlement, Indiana gets a BestPlaces Cost of Living score of 82.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.3% lower than the U.S. average and 1.2% higher than the average for Indiana.

Parkers Settlement, IN

Housing costs in Parkers Settlement?
A typical home costs $159,500, which is 52.8% less expensive than the national average of $338,100 and 28.0% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Parkers Settlement costs $990 per month, which is 30.8% cheaper than the national average of $1,430 and close to the state average of $980.

Can I afford Parkers Settlement?
To live comfortably in Parkers Settlement, Indiana, a minimum annual income of $30,600 for a family, and $31,600 for a single person is recommended.

What does A.I. say about Parkers Settlement?
The cost of living in Parkers Settlement, IN is relatively affordable. The median home value in the area is around $130,000 and the median household income is just over $50,000. The unemployment rate in the area is also low, at only 3.5%, which helps make it a desirable place to live. In addition to that, the taxes are quite reasonable and there are several discounts available for seniors and veterans living in the area as well. Overall, Parkers Settlement is an excellent place to call home due to its affordability and quality of life offerings.
   Cost of living score
     CategoriesParkers SettlementIndianaUnited States
  82.783.7100.0
  92.192.9100
  92.594.4100.0
  56.463.8100.0
  $159,500$221,600$338,100
  99.8%97.2%100.0%
  88.085.4100.0
  85.3102.0100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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