Cost of Living in Parker, ID

With a cost of living index of 87, Parker, ID is a very affordable place to live. Living here is 13% cheaper than the national average and in line with the Idaho state average. Parker is a small community of 643 residents.

Housing costs are the biggest factor in Parker's cost of living. The median monthly rent is $1,135 (14% below the US median of $1,319), and the median home value sits at $249,500 (18% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Parker is $72,188, which is 4% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.