Texas · Census, HUD and BEA figures · Updated

Cost of Living in Parker County, TX

Prices around Parker County, TX run 3.1% above the U.S. average (BEA, the metro area). The typical household there earns $104,443 a year, and HUD puts a two-bedroom at $1,723 a month. Keeping that rent under 30% of income takes about $68,920 a year.

Parker County, TX at a glance

Median household income

$104,443$8,704 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,723HUD FY2026 Fair Market Rent
Price level (U.S. = 100)103.1+3.1% · BEA, the metro area
Electricity15.9¢per kWh · EIA Residential TX
Population165,168Census ACS 5-year estimate

How much rent can you afford in Parker County, TX?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,723Monthly market rent
Share of gross income19.8%Recommended max: 30%
Annual income needed$68,920To meet the 30% standard
Max affordable rent$2,611At 30% of $104,443
0%30% (Affordability standard)100%
Compare against:

How much is rent in Parker County, TX? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Fort Worth-Arlington, TX HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Parker County, TX, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,427$17,124$57,08016.4%
1-Bedroom Apartment$1,473$17,676$58,92016.9%
2-Bedroom ApartmentBenchmark$1,723$20,676$68,92019.8%
3-Bedroom Home$2,273$27,276$90,92026.1%
4-Bedroom Home$2,815$33,780$112,60032.3%

Rent in Parker County, TX, with the wage each unit needs →

What a typical income covers in Parker County, TX

The 50/30/20 rule applied to the local median of $104,443 a year ($8,704 a month before tax).

Needs (50%)$4,352/moRent ($1,723 2-BR), utilities (~$143/mo), groceries, transit
Wants (30%)$2,611/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,741/moEmergency fund, retirement, paying down loans

What $104,443 leaves after Texas taxes

Federal income tax, Social Security, Medicare and Texas tax on the local median income. Change the salary to see yours.

$104,443
$40,000$210,000
Filing status:
Gross salary breakdown$104,443
Net 79%
Fed 14%
FICA 8%
Annual take-home$82,306After all taxes
Monthly deposit$6,859Estimated per month
Biweekly paycheck$3,166Every 2 weeks (26/yr)
Effective tax rate21.2%Total tax burden
Federal income tax$14,147 / yr
Texas state income taxNo state wage tax$0
FICA (Social Security & Medicare)$7,990 / yr

Living in Parker County, TX: common questions

What is the median household income in Parker County, TX?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Parker County, TX is $104,443 per year (approximately $8,704 per month).

What is the average rent in Parker County, TX?

The closest official figure is HUD's Fair Market Rent for 2026: $1,427 for a studio, $1,473 for one bedroom, $1,723 for two, $2,273 for three and $2,815 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Parker County, TX expensive to live in?

Prices there run 3.1% above the U.S. average. BEA's regional price parity for the metro area is 103.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Parker County, TX?

To keep a $1,723 two-bedroom under 30% of gross income, a household needs about $68,920 a year, or $5,743 a month. That is 66% of what the typical household in Parker County, TX earns.

How much do you need to live comfortably in Parker County, TX?

On the local median income of $104,443 ($8,704 a month before tax), the 50/30/20 rule leaves $4,352 a month for needs like rent, utilities and groceries, $2,611 for everything else and $1,741 for savings or debt. A two-bedroom at $1,723 takes 40% of the needs share.

How much is the electric bill in Parker County, TX?

Homes in Texas paid 15.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $143. Your bill depends mostly on heating and cooling.