Cost of Living in Parma, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.9
100 = national avg
+4.9 vs national average
Living Wage (1 Adult)
$46,163
per year
Living Wage (Family of 4)
$109,112
per year
Cost Index by Category
Housing109.6
Food101.5
Transportation103.1
Healthcare101.2
Utilities102.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,058
per month
2 Bedroom
$1,279
per month
The overall cost of living index in Parma is 104.9, which is 4.9% above the national average. Housing costs are above the national average at an index of 109.6. A single adult needs to earn approximately $46,163 per year to cover basic expenses.