How much rent can you afford in Parker, CO?
Run your salary against Parker's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Parker
At a median rent of $2,332/mo, Parker is very affordable when measured against Parker median household income of $133,369/yr. Rent would consume roughly 21% of pre-tax income, and a salary of about $93,280 keeps rent at the recommended 30% threshold.
How Parker compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Parker?
On a $133,369 salary (the Parker median household income), the recommended ceiling is 30% of pre-tax income, or about $3,334/mo. Parker's median rent is $2,332/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Parker?
To keep Parker's $2,332/mo median rent under 30% of income, you'd need about $93,280/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Parker affordable on the median Colorado income?
Parker is very affordable on a $133,369 income. Rent would take 21% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".