Cost of Living in Parma, OH
Population: 80,131 • 2026 Data
$67,425
Median Household Income
-13% vs national
$1,053
Median Monthly Rent
-22% vs national
$157,600
Median Home Value
-54% vs national
6.5%
Unemployment Rate
Housing in Parma
The median home value in Parma, OH is $157,600. Monthly rent for a typical unit averages $1,053, while total monthly housing costs (including utilities and insurance) average $1,041.
Rent-to-income ratio: 18.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Parma, OH is $67,425. The unemployment rate stands at 6.5%, with a labor force of 45,290 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.