Cost of Living in Parker, CO
Population 60,115 · Colorado · Data vintage 2023
(100 = US avg)
Housing in Parker sits 101% above the national median — $613,000 for the typical home — but median household incomes near $129,342 (73% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Parker sits roughly 8 miles southeast of Centennial — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Centennial's $627,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Parker
The median home value in Parker is $613,200 — 101% above the national median of $305,000. Median rent runs $1,973/month, 50% higher than the national median of $1,314/month. The median household income of $129,342/year is 73% higher than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Parker has a cost of living index of 181 versus the US average of 100, meaning it is 81% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Parker, CO?
Parker has a cost index of 181 (100 = national average). It is 81% above the national average.
What is average rent in Parker, CO?
The median gross rent in Parker is $1,973 per month based on 2023 Census data.
What is the average home price in Parker?
The median home value in Parker is $613,200 according to Zillow and Census data.
What is the median income in Parker?
The median household income in Parker is $129,342 per year (2023 ACS 5-year estimates).
What is the sales tax in Parker, CO?
The combined state and local sales tax rate in Parker is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Parker, CO affordable?
Parker is above average in cost of living, with an index of 181 — about 81% higher than the national average.
Parker at a Glance
- Population
- 60,115
- Median Income
- $129,342
- Home Value
- $613,200
- Median Rent
- $1,973/mo
- Unemployment
- 3.0%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
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