Apartments for rent in Parker, CO

The town of Parker, Colorado is home to just under 51,000 residents. Families with children are a frequent sight, as kids aged 5-14 make up an above-average percentage of the community, while young professionals are less well-represented. Overall, the city's population, at an average age of just under 34, is decidedly younger than most cities in Colorado. The majority of Parker residents own their homes, and 22% of residents rent. With an average rent of $1,534/month, exceeding the state average by $343 per month, relatively high rent costs could be playing a role in the higher levels of ownership.

Compared to the national average (7%), Parker has a large number of residents older than 25 who have advanced degrees, as 10% have earned a Master's degree or a Doctoral degree. In addition, 22% possess a Bachelor's degree, which also outpaces the national average. Many Parker residents work in one of three industries: retail, healthcare, and scientific. Combined, these industries make up 20% of the labor force in the city. Meanwhile, looking at job function, many of the city's workers are in management, which ranks as the top career path in the city. Parker workers earn an average annual income of around $113,000, more than the average Colorado resident. Parker's average income also compares favorably to the national average ($73,345).

Parker residents have an average commute of about 29 minutes. Many residents (46%) commute to work by car, while public transit isn't used much. A small percentage of residents commute to work on foot.