Parke County, IN at a glance
Median household income
$68,485$5,707 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Parke County, IN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Parke County, IN? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Parke County, IN, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $691 | $8,292 | $27,640 | 12.1% |
| 1-Bedroom Apartment | $735 | $8,820 | $29,400 | 12.9% |
| 2-Bedroom ApartmentBenchmark | $964 | $11,568 | $38,560 | 16.9% |
| 3-Bedroom Home | $1,272 | $15,264 | $50,880 | 22.3% |
| 4-Bedroom Home | $1,276 | $15,312 | $51,040 | 22.4% |
What a typical income covers in Parke County, IN
The 50/30/20 rule applied to the local median of $68,485 a year ($5,707 a month before tax).
What $68,485 leaves after Indiana taxes
Federal income tax, Social Security, Medicare and Indiana tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Indiana
Living in Parke County, IN: common questions
What is the median household income in Parke County, IN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Parke County, IN is $68,485 per year (approximately $5,707 per month).
What is the average rent in Parke County, IN?
The closest official figure is HUD's Fair Market Rent for 2026: $691 for a studio, $735 for one bedroom, $964 for two, $1,272 for three and $1,276 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Parke County, IN expensive to live in?
Prices there run 6.7% below the U.S. average. BEA's regional price parity for Indiana is 93.3, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Parke County, IN?
To keep a $964 two-bedroom under 30% of gross income, a household needs about $38,560 a year, or $3,213 a month. That is 56% of what the typical household in Parke County, IN earns.
How much do you need to live comfortably in Parke County, IN?
On the local median income of $68,485 ($5,707 a month before tax), the 50/30/20 rule leaves $2,854 a month for needs like rent, utilities and groceries, $1,712 for everything else and $1,141 for savings or debt. A two-bedroom at $964 takes 34% of the needs share.
How much is the electric bill in Parke County, IN?
Homes in Indiana paid 17.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $158. Your bill depends mostly on heating and cooling.