Quick facts: Wilkinson, IN

Quick Facts

95.3
Cost of Living
below US average
408
Population
24.51
Crime Rate per 1000
above US average
$61,146
Median Income
below US average
$359,900
Median House Price
above US average
$1317
Average Rent
below US average
7%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,146.

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Income Needed to Buy

βœ— Stretch
$113k/year
Based on $359,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $113k vs median $61,146
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($61,146) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wilkinson, IN

Wilkinson is a small town situated in Hancock County, Indiana. With a population of around 1,100 people, this quaint community offers a close-knit, friendly atmosphere. Located just east of Indianapolis, Wilkinson benefits from its proximity to the capital city while maintaining a rural charm. The town features several local amenities, including parks, schools, and small businesses that cater to residents and visitors alike. Wilkinson is part of the eastern Hancock County school district, providing educational options for families in the area. Outdoor enthusiasts can enjoy nearby recreational opportunities, including hiking and fishing in the surrounding countryside. The town often hosts local events and gatherings, fostering a strong sense of community spirit among its residents. In essence, Wilkinson, IN, is an inviting place to live, characterized by its small-town charm, community-oriented lifestyle, and easy access to larger urban amenities in Indianapolis.

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