Burket, IN
Population 184 · Indiana
About Burket, IN
Burket is a small community located in Indiana with a population of 184 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,833 per year, which is 35% below the national median of $75,149. The median age of 50.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Burket features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Burket one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $900, 23% below the national average of $1,163/month. Of the 115 total housing units, 91% are owner-occupied (86 units) and 9% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Burket shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Burket have an average one-way commute time of 33.6 minutes.
Education & Demographics
0.0% of Burket residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.2% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Burket, IN
Compared to national averages, Burket has a median household income of $48,833 (35% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $900 is 23% below the US average of $1,163. Within Indiana, Burket's income is 30% below the state average of $69,330, and home values are 31% below the state median of $163,409.
Why Live in Burket, IN?
Burket offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $900/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 10.4%, better than the national average.
Potential considerations include median household income ($48,833) that falls below the national average. However, Burket’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Burket has a population of 184 with a median age of 50.7 years. Compare Burket with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Burket
What is the population of Burket, IN?
The population of Burket, IN is 184 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Burket?
The median household income in Burket, IN is $48,833 per year, which is 35% below the national median of $75,149.
What is the median home value in Burket?
The median home value in Burket, IN is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Burket?
The median monthly rent in Burket, IN is $900, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Burket?
The unemployment rate in Burket, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Burket, IN a good place to live?
Burket offers a moderate cost of living, affordable housing, and a strong job market. With a population of 184 and a median age of 50.7, the city appeals to established professionals and retirees.
How educated is Burket, IN?
0.0% of residents in Burket aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Burket?
Key cost-of-living indicators for Burket, IN: median home value is $112,500 (54% below national), median rent is $900/month, and median household income is $48,833. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Burket?
The poverty rate in Burket, IN is 10.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Burket, IN?
Burket's population is 2.2% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 4.9% two or more races. 1.1% of residents are foreign-born.