Lafayette, CO vs Parker, CO

Lafayette, CO and Parker, CO have a very similar cost of living, with only a 2.1% difference in their overall index. Lafayette scores 150 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 Lafayette is $2,042/month compared to $1,973/month in Parker — a 4% difference. Home values follow the same pattern: Parker is more affordable at $613,200 median vs $647,600.

Median household income in Lafayette is $110,431 compared to $129,342 in Parker (-14.6%). 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 Lafayette spend roughly 22.2% of their income on rent, more than the 18.3% in Parker.