Parkers Settlement, IN
Population 573 · Indiana
About Parkers Settlement, IN
Parkers Settlement is a small community located in Indiana with a population of 573 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,429 per year, which is 15% above the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Parkers Settlement features a median home value of $200,000, which is 18% below the national median of $244,900. This positions Parkers Settlement in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 238 total housing units, 100% are owner-occupied (238 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Parkers Settlement 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 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Parkers Settlement have an average one-way commute time of 21.4 minutes.
Education & Demographics
21.5% of Parkers Settlement 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 0.0% White, 3.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Parkers Settlement, IN
Compared to national averages, Parkers Settlement has a median household income of $86,429 (15% above the national median of $75,149). Home values average $200,000, which is 18% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Parkers Settlement's income is 25% above the state average of $69,330, and home values are 22% above the state median of $163,409.
Why Live in Parkers Settlement, IN?
Parkers Settlement offers a strong local economy with a median household income of $86,429, well above the national average, and affordable housing with a median home value of $200,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 8.0%, better than the national average, and short commute times averaging just 21.4 minutes.
Parkers Settlement has a population of 573 with a median age of 39.3 years. Compare Parkers Settlement with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Parkers Settlement
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Miami | 573 | $96,442 | $0 | Compare |
| Zanesville | 573 | $62,045 | $153,200 | Compare |
| Kingman | 575 | $30,139 | $105,100 | Compare |
| Coatesville | 570 | $76,806 | $165,900 | Compare |
| Ridgeville | 576 | $39,868 | $45,400 | Compare |
| Paragon | 564 | $0 | $90,700 | Compare |
| West College Corner | 564 | $70,197 | $105,700 | Compare |
| Boggstown | 563 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Parkers Settlement
What is the population of Parkers Settlement, IN?
The population of Parkers Settlement, IN is 573 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 Parkers Settlement?
The median household income in Parkers Settlement, IN is $86,429 per year, which is 15% above the national median of $75,149.
What is the median home value in Parkers Settlement?
The median home value in Parkers Settlement, IN is $200,000, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parkers Settlement?
The median monthly rent in Parkers Settlement, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Parkers Settlement?
The unemployment rate in Parkers Settlement, 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 Parkers Settlement, IN a good place to live?
Parkers Settlement offers above-average incomes, affordable housing, and a strong job market. With a population of 573 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Parkers Settlement, IN?
21.5% of residents in Parkers Settlement 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 Parkers Settlement?
Key cost-of-living indicators for Parkers Settlement, IN: median home value is $200,000 (18% below national), median rent is $0/month, and median household income is $86,429. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parkers Settlement?
The poverty rate in Parkers Settlement, IN is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Parkers Settlement, IN?
Parkers Settlement's population is 0.0% White, 3.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.