Cost of Living in Parker, FL

Population 4,358 · Florida · Data vintage 2023

75
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Parker offers a notably favorable income-to-housing ratio for its region. The typical home — $194,000 — costs less than 2.8 times median household income of $68,043, a threshold many coastal markets passed a decade ago.

Parker lies roughly 85 miles west of the nearest major metro, Tallahassee — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Tallahassee's $276,000.

Cost Overview

Housing 63
Rent 92

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Parker

The median home value in Parker is $193,500 — 37% below the national median of $305,000. Median rent runs $1,208/month, 8% lower than the national median of $1,314/month. The median household income of $68,043/year is 9% lower than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Parker has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.

🏠 Housing

Median Home Value
$193,500
37% below avg
Zillow Home Value
$319,371
Zillow ZHVI
Median Rent
$1,208/mo
8% below avg
Zillow Rent
$1,766/mo
Zillow ZORI
Price-to-Rent Ratio
13.3x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 60.3%
Renter-occupied 39.7%

💰 Estimated Monthly Budget

Rent median rent
$1,208
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,822/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.7 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.1%

Commute Mode

Drove alone
54.3%
Carpooled
27.9%
Public transit
2.0%
Walked
1.0%
Bicycle
2.5%
Work from home
7.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$68,043
9% below avg
Per Capita Income
$35,163
Unemployment Rate
5.7%
19% above avg
Poverty Rate
2.8%
Labor Force Participation
63.8%

🎓 Education

Bachelor's degree+ 10.3%
Graduate degree 7.3%

👥 Demographics

Median Age 38.5
Male median age 39.5
Female median age 38.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
48.2%
Good air days/yr
95
Max AQI recorded
292
PM2.5 days
73
Ozone days

Frequently Asked Questions

What is the cost of living in Parker, FL?

Parker has a cost index of 75 (100 = national average). It is 25% below the national average.

What is average rent in Parker, FL?

The median gross rent in Parker is $1,208 per month based on 2023 Census data.

What is the average home price in Parker?

The median home value in Parker is $193,500 according to Zillow and Census data.

What is the median income in Parker?

The median household income in Parker is $68,043 per year (2023 ACS 5-year estimates).

What is the sales tax in Parker, FL?

The combined state and local sales tax rate in Parker is 7.0%. Florida has no state income tax.

Is Parker, FL affordable?

Yes, Parker is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.

Parker at a Glance

Population
4,358
Median Income
$68,043
Home Value
$193,500
Median Rent
$1,208/mo
Unemployment
5.7%
Sales Tax
7.0%
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