salaryRent is higher than in 81% of U.S. cities. Household incomes are higher than in 88% of U.S. cities. A typical house costs about 4.5 years of household income. It is a highly educated city: 56% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $93,280 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
No. Rent here is more expensive than in most of Colorado. It is number 86 of 112 cities from cheapest to most expensive.
How much do households earn in Parker?
Share of households by yearly income. 53.5% of households earn $100,000 or more.
Rent by apartment size in Parker
| Size | Parker | U.S. average |
|---|---|---|
| Studio | $1,941 | $1,338 |
| 1 bedroom | $1,912 | $1,324 |
| 2 bedrooms | $2,241 | $1,509 |
| 3 bedrooms | $2,936 | $1,698 |
| 4 bedrooms | $3,380 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Parker overall?
Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Parker, so the Colorado figure is shown.
Taxes and bills in Parker
Life in Parker
Is it cheaper to rent or buy in Parker?
Renting is cheaper right now: about $2,152 a month less.
Owning assumes a typical $646,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $64,630 for the down payment.
Frequently asked questions
What is the average rent in Parker, CO?
Renting in Parker costs a median of about $2,332 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Parker?
To keep rent under 30% of income, you need about $93,280 a year, or $45 an hour at a full-time job.
Is Parker cheap or expensive?
Parker is rated Cheap: rent takes 19.5% of the typical household income of $143,838. It ranks 86th cheapest of 112 Colorado cities we track.
How much are property taxes in Parker?
The median homeowner in Parker pays $3,568 a year in property taxes, about 0.55% of the median home value.
Is Parker more expensive than the national average?
Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Parker?
The median home value in Parker is $646,300, about 4.5 times the typical yearly household income.
61,783 people live in Parker. Numbers are typical (middle) values.