Cost of Living in Parker, TX
Population 5,776 · Texas · Data vintage 2023
(100 = US avg)
Housing in Parker sits 179% above the national median — $852,000 for the typical home — but median household incomes near $216,179 (190% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 1.5% points to a labor market well on the tight side of the national distribution.
Parker is part of the immediate Allen metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 98% higher than Allen's $430,000.
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 $852,000 — 179% above the national median of $305,000. The median household income of $216,179/year is 190% higher than the US median of $74,580. The local unemployment rate is 1.5%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 75.9°F and lows of 54.1°F. Overall, Parker has a cost of living index of 279 versus the US average of 100, meaning it is 179% more expensive.
Parker has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 56 | 60 | 68 | 75 | 83 | 91 | 95 | 96 | 88 | 78 | 66 | 57 |
| Low °F | 34 | 38 | 46 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 44 | 36 |
| Precip" | 2.70 | 2.57 | 3.51 | 3.58 | 4.77 | 3.58 | 1.96 | 1.73 | 2.81 | 4.41 | 3.19 | 3.49 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Parker, TX?
Parker has a cost index of 279 (100 = national average). It is 179% above the national average.
What is the average home price in Parker?
The median home value in Parker is $852,000 according to Zillow and Census data.
What is the median income in Parker?
The median household income in Parker is $216,179 per year (2023 ACS 5-year estimates).
What is the sales tax in Parker, TX?
The combined state and local sales tax rate in Parker is 8.2%. Texas has no state income tax.
Is Parker, TX affordable?
Parker is above average in cost of living, with an index of 279 — about 179% higher than the national average.
What is the weather like in Parker?
Parker has average high temperatures of 75.9°F and average lows of 54.1°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.
Parker at a Glance
- Population
- 5,776
- Median Income
- $216,179
- Home Value
- $852,000
- Unemployment
- 1.5%
- Avg High Temp
- 75.9°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
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