What is the cost of living in Parma, OH?
According to the most recent data on the cost of living, Parma has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Ohio, Parma has a cost of living index that's 1.0x lower than Ohio's index of 90.
The standard of living in Parma ranks as #108 most affordable out of the 284 places we measured in Ohio. By definition, that implies Parma ranks as the #176 most expensive place in the Buckeye State.
For more reading on life in Parma, check out:
Parma Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Parma. Here is how it fares on each of the criteria:
The Services index in Parma is 96.
The Groceries index in Parma is 93.
The Health index in Parma is 73.
The Housing index in Parma is 97.
The Transportation index in Parma is 98.
The Utilities index in Parma is 100.
| Living Expense | Parma | Ohio | National Average |
|---|---|---|---|
| Overall | 89 | 90 | 100 |
| Services | 96 | 97 | 100 |
| Groceries | 93 | 97 | 100 |
| Health | 73 | 75 | 100 |
| Housing | 97 | 97 | 100 |
| Transportation | 98 | 95 | 100 |
| Utilities | 100 | 97 | 100 |
Parma Cost Of Living Compared To Ohio Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Ohio, check out:
Protect your home budget Compare home warranties in Parma Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Parma, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Parma is $210,913.
The Median Rent in Parma is $1,087.
The Median Income in Parma is $69,295.
The Home Value To Income in Parma is 3.0x.
The Rent To Monthly Income in Parma is 0.19x.
Parma, OH Costs By Category
Detailed Parma Services costs vs. Ohio
Detailed Parma Groceries costs vs. Ohio
Detailed Parma Health costs vs. Ohio
Detailed Parma Transportation costs vs. Ohio
Parma SnackAbility
Cost Of Living In Cities Around Parma
The cost of living varies in the cities and towns around Parma. Here's a quick look at the cost of living in the most populous nearby places:
Strongsville, OH has a cost of living index of 101, 1.1x Parma.
Westlake, OH has a cost of living index of 110, 1.2x Parma.
North Olmsted, OH has a cost of living index of 96, 1.1x Parma.
| City | Population | Cost Of Living | Vs. Parma |
|---|---|---|---|
| Strongsville, OH | 45,983 | 101 | 1.1x |
| Westlake, OH | 34,104 | 110 | 1.2x |
| North Olmsted, OH | 31,924 | 96 | 1.1x |
| North Royalton, OH | 30,972 | 102 | 1.1x |
| Shaker Heights, OH | 28,922 | 103 | 1.2x |
| Solon, OH | 23,943 | 114 | 1.3x |
| Hudson, OH | 23,039 | 130 | 1.5x |
| Parma Heights, OH | 20,581 | 90 | 1.0x |
| Broadview Heights, OH | 19,771 | 101 | 1.1x |
| Brook Park, OH | 18,284 | 90 | 1.0x |
