Austin, IN vs Parker City, IN

Austin, IN and Parker City, IN have a very similar cost of living, with only a 2.7% difference in their overall index. Austin scores 61 while Parker City scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Austin is $698/month compared to $796/month in Parker City — a 12% difference. Home values follow the same pattern: Austin is more affordable at $88,000 median vs $91,700.

Median household income in Austin is $30,473 compared to $56,875 in Parker City (-46.4%). While Parker City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Austin spend roughly 27.5% of their income on rent, more than the 16.8% in Parker City.