Erie, CO vs Parker, CO

There is a significant gap in the cost of living between these two cities. Parker is 18.4% cheaper than Erie. With a cost index of 147 vs 174, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Parker to Erie should plan for substantially higher expenses across most categories.

On the housing front, median rent in Erie is $2,775/month compared to $1,973/month in Parker — a 41% difference. Home values follow the same pattern: Parker is more affordable at $613,200 median vs $685,900.

Median household income in Erie is $163,644 compared to $129,342 in Parker (+26.5%). While Erie is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Erie spend roughly 20.3% of their income on rent, more than the 18.3% in Parker.