Cost of Living in Parker, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
116.5
100 = national avg
+16.5 vs national average
Living Wage (1 Adult)
$51,274
per year
Living Wage (Family of 4)
$121,193
per year
Cost Index by Category
Housing103.8
Food117.0
Transportation134.0
Healthcare113.6
Utilities111.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$986
per month
2 Bedroom
$1,156
per month
The overall cost of living index in Parker is 116.5, which is 16.5% above the national average. Housing costs are above the national average at an index of 103.8. A single adult needs to earn approximately $51,274 per year to cover basic expenses.