Parma Heights, OH Cost Of Living
Cost Of Living In Parma Heights, OH Summary
Cost of living in Parma Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Parma Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Parma Heights is 90, with 100 being the average.
The cost of living index in Parma Heights is 0.9x lower than the national average.
Parma Heights ranks as the #98 cheapest in Ohio out of 289.
Parma Heights ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Parma Heights is $210,603.
The median income in Parma Heights is $59,218.
Table Of Contents
Parma Heights's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Parma Heights, OH?
According to the most recent data on the cost of living, Parma Heights has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Ohio, Parma Heights has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Parma Heights ranks as #98 most affordable out of the 289 places we measured in Ohio. By definition, that implies Parma Heights ranks as the #191 most expensive place in the Buckeye State.
For more reading on life in Parma Heights, check out:
In Ohio
In America
Parma Heights Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Parma Heights. Here is how it fairs on each of the criteria:
The Services index in Parma Heights is 93.
The Groceries index in Parma Heights is 100.
The Health index in Parma Heights is 96.
The Housing index in Parma Heights is 75.
The Transportation index in Parma Heights is 97.
The Utilities index in Parma Heights is 103.
| Living Expense | Parma Heights | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 90 | 93 | 100 | |
| Services | 93 | 101 | 100 | |
| Groceries | 100 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 75 | 74 | 100 | |
| Transportation | 97 | 102 | 100 | |
| Utilities | 103 | 100 | 100 | |
Parma Heights, 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 2019-2023. The key points are:
The Median Home Value in Parma Heights is $210,603.
The Median Rent in Parma Heights is $1,072.
The Median Income in Parma Heights is $59,218.
The Home Value To Income in Parma Heights is 3.6x.
The Rent To Monthly Income in Parma Heights is 0.22x.
| Statistic | Parma Heights | Ohio | United States |
|---|---|---|---|
| Median Home Value | $210,603 | $240,287 | $303,400 |
| Median Rent | $1,072 | $988 | $1,348 |
| Median Income | $59,218 | $69,680 | $78,538 |
| Home Value To Income | 3.6x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Parma Heights, OH Costs By Category
Detailed Parma Heights Services Costs Vs. Ohio
| Item | Parma Heights | Ohio |
|---|---|---|
| Shampoo | $1.45 | $1.28 |
| Movie | $11.6 | $12.13 |
| Bowling | $18.27 | $18 |
| Haircut | $23.67 | $24.26 |
| Beauty Salon | $35.31 | $45.56 |
Detailed Parma Heights Groceries Costs Vs. Ohio
| Item | Parma Heights | Ohio |
|---|---|---|
| Ground Beef | $5.46 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.38 | $4.93 |
| Pizza | $9.98 | $12.09 |
| Beer | $10.51 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Parma Heights Health Costs Vs. Ohio
| Item | Parma Heights | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Parma Heights Transportation Costs Vs. Ohio
| Item | Parma Heights | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Parma Heights Utilities Costs Vs. Ohio
| Item | Parma Heights | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
Parma Heights SnackAbility
/10
Cost Of Living In Cities Around Parma Heights
The cost of living varies in the cities and towns around Parma Heights. Here's a quick look at the cost of living in the most populous nearby places:
Parma, OH has a cost of living index of 89, 1.0x Parma Heights.
Strongsville, OH has a cost of living index of 100, 1.1x Parma Heights.
Westlake, OH has a cost of living index of 110, 1.2x Parma Heights.
| City | Population | Cost Of Living | Vs. Parma Heights |
|---|---|---|---|
| Parma, OH | 80,131 | 89 | 1.0x |
| Strongsville, OH | 46,022 | 100 | 1.1x |
| Westlake, OH | 34,036 | 110 | 1.2x |
| North Olmsted, OH | 32,031 | 96 | 1.1x |
| North Royalton, OH | 31,013 | 98 | 1.1x |
| Shaker Heights, OH | 29,004 | 106 | 1.2x |
| Solon, OH | 23,970 | 113 | 1.3x |
| Hudson, OH | 23,007 | 125 | 1.4x |
| Broadview Heights, OH | 19,768 | 104 | 1.2x |
| Brook Park, OH | 18,359 | 89 | 1.0x |
