Is Phoenix, AZ cheaper than Parker, CO?

Based on cost of living data, Phoenix, AZ is 0.9% cheaper than Parker, CO. The two cities have very similar living costs.

What salary do I need in Phoenix, AZ to live like I do in Parker, CO?

If you earn $150,000 in Parker, CO, you'd need approximately $149,148.098 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between Parker, CO and Phoenix, AZ?

Housing in Phoenix, AZ is 0.7% more expensive than in Parker, CO. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,876/month in Parker, CO.

How much can I save per month by moving from Parker, CO to Phoenix, AZ?

Moving from Parker, CO to Phoenix, AZ could save you approximately $71 per month, or $852 per year, based on a $150,000 salary.

Parker, CO vs Phoenix, AZ: Cost of Living Comparison 2026

MoveNumbers

Tap to swap

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 $70.99/month moving to Phoenix, AZ

$150.0K in your current city equals $149.1K in Phoenix, AZ

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

Overall Cost

↓ 0.9%

Less expensive

Monthly Impact

$70.99

Savings

Annual Impact

$852

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

Phoenix, AZ

Population:1608K

Cost Index:99

Median Home:$414K

Parker, CO

The Centennial State

63K

Population

State Tax

Yes

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

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Parker, CO vs Phoenix, AZ

Category	Parker, CO	Phoenix, AZ	Difference	Change
🚗Transportation	$1,384/mo	$1,489/mo	↑ $105more	7.6%
⚡All Utilities	$505/mo	$561/mo	↑ $55.98more	11.1%
🛒Groceries	$1,002/mo	$963/mo	↓ $38.38less	3.8%
🏥Healthcare	$615/mo	$589/mo	↓ $26.44less	4.3%
🏠Housing	$2,769/mo	$2,788/mo	↑ $19.39more	0.7%
📦Other	$1,681/mo	$1,677/mo	↓ $3.31less	0.2%

🚗Transportation

↑ 7.6%

Parker, CO

$1,384

Phoenix, AZ

$1,489

Difference

$105

⚡All Utilities

↑ 11.1%

Parker, CO

$505

Phoenix, AZ

$561

Difference

$55.98

🛒Groceries

↓ 3.8%

Parker, CO

$1,002

Phoenix, AZ

$963

Difference

$38.38

less

🏥Healthcare

↓ 4.3%

Parker, CO

$615

Phoenix, AZ

$589

Difference

$26.44

less

🏠Housing

↑ 0.7%

Parker, CO

$2,769

Phoenix, AZ

$2,788

Difference

$19.39

📦Other

↓ 0.2%

Parker, CO

$1,681

Phoenix, AZ

$1,677

Difference

$3.31

less

🏠Rent Comparison

Studio

From$1,473

To$1,390

↓ $83.00

1 Bed

From$1,578

To$1,510

↓ $68.00

2 Bed

From$1,876

To$1,750

↓ $126

3 Bed

From$2,455

To$2,330

↓ $125

Parker, COZIP-level data

1BR range: $1,960–$1,960/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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

$8,068

Monthly in Phoenix, AZ

$112

Difference

Home Values

Parker

Phoenix

$668K

Median Value

$414K

↓ -3%

YoY Change

↓ -3.1%

↑ +23.4%

5-Year Change

↑ +30.2%

$668K

Price Range

$274K - $957K

Homes in Phoenix are 38% less expensive than Parker

Calculate payment - Parker Calculate payment - Phoenix

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $1.4K

Per year

Monthly Difference

$114

More take-home

Effective Rate Diff

0.9%

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

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

Parker, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 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.