Centennial, CO vs Parker, CO

Centennial, CO and Parker, CO have a very similar cost of living, with only a 2.6% difference in their overall index. Centennial scores 151 while Parker scores 147 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Centennial is $2,061/month compared to $1,973/month in Parker — a 5% difference. Home values follow the same pattern: Parker is more affordable at $613,200 median vs $626,700.

Median household income in Centennial is $128,167 compared to $129,342 in Parker (-0.9%). Parker offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Centennial spend roughly 19.3% of their income on rent, more than the 18.3% in Parker.