Parkers Settlement, IN is a small town located in the Midwest of the United States with a population of about 1,000 people. It is known for its peaceful lifestyle, surrounded by nature and plenty of outdoor activities to enjoy. The cost of living in Parkers Settlement is quite low; 2 bedroom rent averages at about $990 per month compared to the US average of $1,430 for the same size. In addition, the Grocery Cost Index in Parkers Settlement is 92 versus 100 in the US which further shows lower costs associated with living here.
Parkers Settlement also offers many local businesses that help make up its economy such as Johnson Farms, which produce locally grown fruits and vegetables on their farmhouse. Another local business is County Market which offers a variety of fresh groceries from their store located close to downtown Parkers Settlement. Lastly there is Valley Apparel Store which provides clothing options from many famous brands at competitive prices.
Parkers Settlement has an unemployment rate of 3.6%. The US average is 6.0%.
Parkers Settlement has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Parkers Settlement
- The Sales Tax Rate for Parkers Settlement is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Parkers Settlement is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Parkers Settlement
- The average income of a Parkers Settlement resident is $24,594 a year. The US average is $28,555 a year.
- The Median household income of a Parkers Settlement resident is $73,750 a year. The US average is $69,021 a year.