Cost of Living in Parma, ID
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.4
100 = national avg
-9.6 vs national average
Living Wage (1 Adult)
$39,773
per year
Living Wage (Family of 4)
$94,009
per year
Cost Index by Category
Housing106.4
Food86.5
Transportation73.1
Healthcare89.2
Utilities93.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,381
per month
2 Bedroom
$1,655
per month
The overall cost of living index in Parma is 90.4, which is 9.6% below the national average. Housing costs are above the national average at an index of 106.4. A single adult needs to earn approximately $39,773 per year to cover basic expenses.