Is Austin, TX cheaper than Parker, CO?

Based on cost of living data, Austin, TX is 1.1% cheaper than Parker, CO. The two cities have very similar living costs.

What salary do I need in Austin, TX to live like I do in Parker, CO?

If you earn $150,000 in Parker, CO, you'd need approximately $148,975.33 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Parker, CO and Austin, TX?

Housing in Austin, TX is 4.2% more expensive than in Parker, CO. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,876/month in Parker, CO.

How much can I save per month by moving from Parker, CO to Austin, TX?

Moving from Parker, CO to Austin, TX could save you approximately $85 per month, or $1025 per year, based on a $150,000 salary.

Parker, CO vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Parker, CO — ZIP-level rent data · COL adjusted from Denver, CO area

Current salary in Parker, CO

Numbers update automatically as you type

You'd save $85.39/month moving to Austin, TX

$150.0K in your current city equals $149.0K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from Denver-Aurora-Lakewood, CO area

Overall Cost

↓ 1.1%

Less expensive

Monthly Impact

$85.39

Savings

Annual Impact

$1.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Parker, CO

Population:63K

Cost Index:100

Median Home:$668K

Austin, TX

Population:979K

Cost Index:99

Median Home:$558K

Parker, CO

The Centennial State

63K

Population

State Tax

Yes

Located in Colorado, this city has a population of 63K residents.

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Cost Breakdown by Category

Annual spending: Parker, CO vs Austin, TX

Category	Parker, CO	Austin, TX	Difference	Change
🏠Housing	$2,769/mo	$2,885/mo	↑ $116more	4.2%
🚗Transportation	$1,384/mo	$1,284/mo	↓ $100less	7.2%
📦Other	$1,681/mo	$1,741/mo	↑ $60.30more	3.6%
🛒Groceries	$1,002/mo	$959/mo	↓ $42.38less	4.2%
⚡All Utilities	$505/mo	$541/mo	↑ $35.76more	7.1%
🏥Healthcare	$615/mo	$589/mo	↓ $26.44less	4.3%

🏠Housing

↑ 4.2%

Parker, CO

$2,769

Austin, TX

$2,885

Difference

$116

🚗Transportation

↓ 7.2%

Parker, CO

$1,384

Austin, TX

$1,284

Difference

$100

less

📦Other

↑ 3.6%

Parker, CO

$1,681

Austin, TX

$1,741

Difference

$60.30

🛒Groceries

↓ 4.2%

Parker, CO

$1,002

Austin, TX

$959

Difference

$42.38

less

⚡All Utilities

↑ 7.1%

Parker, CO

$505

Austin, TX

$541

Difference

$35.76

🏥Healthcare

↓ 4.3%

Parker, CO

$615

Austin, TX

$589

Difference

$26.44

less

🏠Rent Comparison

Studio

From$1,473

To$1,585

↑ $112

1 Bed

From$1,578

To$1,685

↑ $107

2 Bed

From$1,876

To$1,995

↑ $119

3 Bed

From$2,455

To$2,525

↑ $70.00

Parker, COZIP-level data

1BR range: $1,960–$1,960/mo

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,956

Monthly in Parker, CO

$7,998

Monthly in Austin, TX

$42.45

Difference

Home Values

Parker

Austin

$668K

Median Value

$558K

↓ -3%

YoY Change

↓ -5%

↑ +23.4%

5-Year Change

↑ +12.6%

$668K

Price Range

$272K - $1.26M

Homes in Austin are 16% less expensive than Parker

Calculate payment - Parker Calculate payment - Austin

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $6.6K

Per year

Monthly Difference

$550

More take-home

Effective Rate Diff

4.4%

Rate difference

Parker, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Parker, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.