Parker, CO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
123
Parker's Overall Cost Of Living
1.2x
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:

80 out of 111
In Colorado
4,954 out of 6,412
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
For more reading on cost of living around Colorado, check out:
Parker Cost of Living Vs. CO

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
Search Homes For Sale In Parker, CO
$475,400
Median Home Value
$1,771
Median Rent
$120,075
Median Income

Parker, CO Costs By Category

Detailed Parker Services Costs Vs. Colorado

Item Parker Colorado
Shampoo $0.98 $1.06
Movie $12.9 $10.68
Bowling $19.78 $14.67
Haircut $21.67 $18.62
Beauty Salon $44.29 $39.05

Detailed Parker Groceries Costs Vs. Colorado

Item Parker Colorado
Ground Beef $4.11 $4.22
Fried Chicken $1.48 $1.39
Milk $1.76 $2.05
Potatoes $3.05 $3.29
Pizza $12.49 $10.62
Beer $8.98 $9.38
Toothpaste $1.89 $2.34

Detailed Parker Health Costs Vs. Colorado

Item Parker Colorado
Optometrist $104.86 $108.57
Doctor $111.77 $116.17
Dentist $105.51 $99.13

Detailed Parker Transportation Costs Vs. Colorado

Item Parker Colorado
Gasoline $2.49 $2.22
Tire Balancing $57.16 $50.07

Detailed Parker Utilities Costs Vs. Colorado

Item Parker Colorado
All Electricity $105.51 $167.67
Phone $186.48 $175.64

Parker SnackAbility

9.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
7
Diversity
8
Safety
8
Amenities
9
Education
9
Commute
6

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

Articles About Colorado

Enjoy The Snack?