Parkway, CA

Average · 103

California · Population 15,880 · Updated March 2026

$1,402
Median Rent / Month
$64,380
Median Income
$355,400
Median Home Value
$1,353
Owner Costs / Month

Affordability

How far your income goes in Parkway

26.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$16,824
Annual Rent
$8,563
State Income Tax
$2,523
Property Tax (est.)

Cost of Living Overview

Parkway has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Parkway residents can expect to pay median rent of $1,402/month while earning a median household income of $64,380/year.

The median home value in Parkway, CA is $355,400, with typical monthly owner costs around $1,353 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.1%, Parkway falls within the generally affordable range, though it's approaching the 30% burden threshold.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Parkway.

Frequently Asked Questions

Common questions about living costs in Parkway

What is the cost of living in Parkway, CA?
The cost of living index in Parkway, CA is 103 (US average = 100). Median monthly rent is $1,402, median household income is $64,380/year, and the median home value is $355,400.
Is Parkway, CA affordable?
No, Parkway is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 26.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Parkway, CA?
The median gross rent in Parkway, CA is $1,402 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,824.
What is the median household income in Parkway?
The median household income in Parkway, CA is $64,380 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.