Quick facts: Vincennes, IN

Quick Facts

95.3
Cost of Living
below US average
16,484
Population
27.3
Crime Rate per 1000
above US average
$47,376
Median Income
below US average
$179,900
Median House Price
above US average
$1272.19
Average Rent
below US average
14%
Poverty Rate
above 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 $47,376.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $47,376
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Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1272.19/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $47,376
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vincennes, IN

Vincennes is a historic city located in Knox County, Indiana. It is known as the oldest city in the state and is rich in history, having been founded in 1732 by French fur traders. The city played a significant role during the American Revolutionary War and is home to several historical landmarks, including the George Rogers Clark National Historical Park, which commemorates the contributions of Clark and his men during the Revolutionary War. Vincennes is the county seat and offers a small-town feel with a population of around 18,000 residents. The city boasts several parks, recreational facilities, and community events that foster a sense of belonging among its inhabitants. It hosts the annual Vincennes' Riverwalk and various festivals throughout the year, showcasing local culture and traditions. In addition to its rich history, Vincennes also serves as an educational hub, home to Vincennes University, known for its diverse academic programs and community engagement. The city's charming downtown area features unique shops, restaurants, and art galleries, making it an inviting destination for both residents and visitors alike.

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