Parker, CO Cost Of Living
Cost Of Living In Parker, CO Summary
Cost of living in Parker research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Parker is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Parker is 123, with 100 being the average.
The cost of living index in Parker is 1.2x higher than the national average.
Parker ranks as the #80 cheapest in Colorado out of 111.
Parker ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Parker is $475,400.
The median income in Parker is $120,075.
Table Of Contents
Parker's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Parker, CO?
According to the most recent data on the cost of living, Parker has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Colorado, Parker has a cost of living index that's 1.2x higher than Colorado's index of 104.
The standard of living in Parker ranks as #80 most affordable out of the 111 places we measured in Colorado. By definition, that implies Parker ranks as the #31 most expensive place in the Centennial State.
For more reading on life in Parker, check out:
- Living In Parker
- Parker Crime Report
- Search Homes For Sale In Parker, CO
In Colorado
In America
Parker Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Parker. Here is how it fairs on each of the criteria:
The Services index in Parker is 110.
The Groceries index in Parker is 95.
The Health index in Parker is 100.
The Housing index in Parker is 169.
The Transportation index in Parker is 115.
The Utilities index in Parker is 78.
| Living Expense | Parker | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 123 | 104 | 100 | |
| Services | 110 | 102 | 100 | |
| Groceries | 95 | 99 | 100 | |
| Health | 100 | 100 | 100 | |
| Housing | 169 | 116 | 100 | |
| Transportation | 115 | 104 | 100 | |
| Utilities | 78 | 90 | 100 | |
Parker, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Parker is $475,400.
The Median Rent in Parker is $1,771.
The Median Income in Parker is $120,075.
The Home Value To Income in Parker is 4.0x.
The Rent To Monthly Income in Parker is 0.18x.
| Statistic | Parker | Colorado | United States |
|---|---|---|---|
| Median Home Value | $475,400 | $397,500 | $244,900 |
| Median Rent | $1,771 | $1,437 | $1,163 |
| Median Income | $120,075 | $80,184 | $69,021 |
| Home Value To Income | 4.0x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Parker, CO Costs By Category
Detailed Parker Services Costs Vs. Colorado
Detailed Parker Groceries Costs Vs. Colorado
Detailed Parker Health Costs Vs. Colorado
Detailed Parker Transportation Costs Vs. Colorado
Detailed Parker Utilities Costs Vs. Colorado
Parker SnackAbility
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Cost Of Living In Cities Around Parker
The cost of living varies in the cities and towns around Parker. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 0.9x Parker.
Aurora, CO has a cost of living index of 108, 0.9x Parker.
Castle Rock, CO has a cost of living index of 120, 1.0x Parker.
| City | Population | Cost Of Living | Vs. Parker |
|---|---|---|---|
| Denver, CO | 706,799 | 116 | 0.9x |
| Aurora, CO | 383,496 | 108 | 0.9x |
| Castle Rock, CO | 71,037 | 120 | 1.0x |
| Littleton, CO | 45,465 | 118 | 1.0x |
| Englewood, CO | 33,500 | 111 | 0.9x |
| Lone Tree, CO | 13,701 | 145 | 1.2x |
| Castle Pines, CO | 11,296 | 145 | 1.2x |
| The Pinery, CO | 9,847 | 139 | 1.1x |
| Stonegate, CO | 9,822 | 123 | 1.0x |
| Roxborough Park, CO | 8,861 | 128 | 1.0x |
