Cost of Living in Parma, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.0
100 = national avg
-20.0 vs national average
Living Wage (1 Adult)
$35,181
per year
Living Wage (Family of 4)
$83,154
per year
Cost Index by Category
Housing49.4
Food98.5
Transportation97.1
Healthcare98.8
Utilities89.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$678
per month
2 Bedroom
$890
per month
The overall cost of living index in Parma is 80.0, which is 20.0% below the national average. Housing costs are below the national average at an index of 49.4. A single adult needs to earn approximately $35,181 per year to cover basic expenses.