What is the cost of living in Parker, TX?
According to the most recent data on the cost of living, Parker has an overall cost of living index of 180, which is 1.8x higher than the national index of 100.
Compared to Texas, Parker has a cost of living index that's 1.9x higher than Texas's index of 93.
The standard of living in Parker ranks as #415 most affordable out of the 419 places we measured in Texas. By definition, that implies Parker ranks as the #4 most expensive place in the Lone Star State.
For more reading on life in Parker, check out:
Parker Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Parker. Here is how it fares on each of the criteria:
The Services index in Parker is 100.
The Groceries index in Parker is 100.
The Health index in Parker is 363.
The Housing index in Parker is 103.
The Transportation index in Parker is 105.
The Utilities index in Parker is 99.
| Living Expense | Parker | Texas | National Average |
|---|---|---|---|
| Overall | 180 | 93 | 100 |
| Services | 100 | 100 | 100 |
| Groceries | 100 | 99 | 100 |
| Health | 363 | 81 | 100 |
| Housing | 103 | 97 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 99 | 100 | 100 |
Parker Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Parker Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Parker, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Parker is $1,088,169.
The Median Rent in Parker is -.
The Median Income in Parker is $229,080.
The Home Value To Income in Parker is 4.8x.
The Rent To Monthly Income in Parker is nanx.
Parker, TX Costs By Category
Detailed Parker Services costs vs. Texas
Detailed Parker Groceries costs vs. Texas
Detailed Parker Health costs vs. Texas
Detailed Parker Transportation costs vs. Texas
Parker SnackAbility
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:
Plano, TX has a cost of living index of 120, 0.7x Parker.
Frisco, TX has a cost of living index of 133, 0.7x Parker.
McKinney, TX has a cost of living index of 122, 0.7x Parker.
| City | Population | Cost Of Living | Vs. Parker |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 0.7x |
| Frisco, TX | 219,304 | 133 | 0.7x |
| McKinney, TX | 210,600 | 122 | 0.7x |
| Carrollton, TX | 133,740 | 113 | 0.6x |
| Richardson, TX | 118,731 | 116 | 0.6x |
| Allen, TX | 110,265 | 120 | 0.7x |
| Wylie, TX | 60,334 | 115 | 0.6x |
| The Colony, TX | 45,454 | 111 | 0.6x |
| Sachse, TX | 30,491 | 112 | 0.6x |
| University Park, TX | 25,155 | 245 | 1.4x |
