Affordable

What Salary Do You Need to Live in Parker?

To afford a 2-bedroom in Parker, you need to earn at least $31,240/year based on estimated fair market rent data. The median household income here is $83,864, which means the typical resident is $52,624 above the threshold.

Census ACS Data Pop. 1,111

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$547	$1,823	$21,880	$-61,984
1 Bedroom	$648	$2,160	$25,920	$-57,944
2 Bedroom BENCHMARK	$781	$2,603	$31,240	$-52,624
3 Bedroom	$953	$3,177	$38,120	$-45,744
4 Bedroom	$1,172	$3,907	$46,880	$-36,984

Affordability Breakdown

Where the required salary line crosses above Parker's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$83,864

Annual household

2BR Required Salary

$31,240

Under 30% rule

Income Gap

+$52,624

Surplus

Verdict

Affordable

Ratio: 11.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Parker

Your Annual Salary

Pre-filled with Parker's median household income

Max monthly rent you can afford$2,097

Studio

$547/mo

1 BR

$648/mo

2 BR

$781/mo

3 BR

$953/mo

4 BR

$1,172/mo

Your salary is $0 above the median income in Parker.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Parker's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Parker

Parker, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $83,864 significantly exceeds the $31,240 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $52,624 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Parker, a studio at $547/month offers an even more aggressive savings rate. Even a 3-bedroom at $953/month remains accessible for dual-income households earning above $38,120.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $46,860 would position you well — though many residents in Parker manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Parker, South Dakota.

With a total population of 1,111, the city supports an active civilian workforce of 585 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $31,240 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

585

Active civilian employees in Parker

Frequently Asked Questions About Renting in Parker

What salary do I need to live in Parker, South Dakota?

To afford a 2-bedroom in Parker under the 30% rule, you need an annual salary of at least $31,240. The median household income in Parker is $83,864.

Can I afford a 2-bedroom in Parker on $83,864?

The affordability verdict for Parker is "Affordable". The rent-to-income ratio is 11.2%, meaning median earners have a $52,624 surplus.

What is the average rent in Parker compared to median income?

The median gross rent in Parker is $648/month. With a median household income of $83,864, residents spend approximately 11.2% of their income on rent.

What salary do I need for a studio in Parker?

A studio in Parker rents for approximately $547/month. Under the 30% rule, you need an annual salary of $21,880 to afford this.

Is Parker considered an affordable place to live?

Based on the surplus of $52,624 and an affordability verdict of "Affordable", Parker is considered a affordable rental market when comparing the required 2-bedroom salary of $31,240 to the local median household income.

How Parker Compares

Other cities in South Dakota with salary requirements