Cost of Living in Parker, CO
Housing
The housing market plays a significant role in determining the cost of living in Parker, CO.
- Housing Index: 138.0 / 100
- Median Home Price is: $560,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2245 per month
Considering a move to Parker, CO? The housing index stands at 138.0, indicating a moderately above-average cost of living. With a median home price of 560000, homeownership could present a significant investment. Renting averages around 2200 for a 2-bedroom apartment or 2245 for a house, making it vital to weigh long-term financial plans. Overall, this market might appeal to those seeking a blend of suburban comfort and urban amenities, but be prepared for more substantial housing costs compared to similar regions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Parker, CO.
- Electricity Price: $15.21 USD (median by state)
- Natural Gas Price: $11.3 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $290 per month
Living in Parker, CO could entail higher utility costs. Electricity costs sit at $15.21, while natural gas is priced at $11.3 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $290 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Parker is a financially viable option for your relocation.