Cost of Living in Parker County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Parker County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Parker County ranks #2,968 of 3,144 counties for affordability (bottom 6%)
Data Story
About Cost of Living in Parker County, Texas
Parker's affluence offsets higher rents
Parker County renters spend 16.9% of income on housing despite $1,440 monthly rent—beaten only by their exceptional median income of $102,099. This Dallas-Fort Worth exurb shows how high earnings can sustain elevated housing costs while maintaining affordability ratios.
Affluent county with strong affordability
Parker's 16.9% rent-to-income ratio beats Texas's 18.1% average, despite housing costs 50% above the state median. Its median household income of $102,099—the highest among these eight counties—explains the paradox of expensive housing yet solid affordability.
Priciest rents, but highest incomes
Parker's $1,440 rent is the highest of any county surveyed, yet its 16.9% burden remains competitive because median income ($102,099) far exceeds peers. Homeowners pay $1,665 monthly—reflecting median home values of $343,600, the region's most expensive.
High incomes sustain premium housing
Parker County's $102,099 median household income means $1,440 rent represents only 16.9% of gross income—quite reasonable given the county's affluence. Homeowners dedicate $1,665 monthly to ownership costs on homes averaging $343,600, reflecting Dallas-Fort Worth's booming residential market.
Premium suburban living near Dallas
Parker County suits high-earning households seeking exurban Dallas-Fort Worth access; its 16.9% rent ratio justifies costs for six-figure earners. If your household income exceeds $90,000 and you value suburban amenities over affordability, Parker's newer housing stock and strong schools merit serious consideration.
Cost of Living Advisory: Parker County
Affordability Verdict
Housing in Parker County is affordable. The median rent is $1,440/month against a median household income of $102,099, putting rent at 16.9% of income.
Rent vs. Own
Renters in Parker County pay $1,440/month on average, compared to $1,665/month for homeowners. This market favors renters by about 14%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $57,600/year. For owner costs at the 28% rule, the required income is roughly $71,357/year. With a median household income of $102,099, most households can comfortably afford rent here. Notably, 30.0% of renter households in Parker County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Texas, Parker County is more affordable than Midland County by roughly 4% ($1,440/mo vs $1,383/mo).
Affordability Calculator
See how your income compares to housing costs in Parker County
Rent Burden
16.9%
of gross income
Max Housing (28% Rule)
$2,382
per month
Owner Cost Burden
19.6%
of gross income
The median home in Parker County may be a stretch
Median home value is $343,600. Estimated monthly cost: $2,743 vs. your max of $2,382.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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