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: $560000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 125.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $126615

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Parker, CO, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.