2025 Compare Cities Economy:
Parma, OH vs Lakewood, OH

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Highlights
- Household income in Lakewood, is 5% less than it is in Parma and is 20% below the National Average.
- Parma unemployment rate is 5.2%.
- Lakewood unemployment rate is 5.2%.
 Parma, OHLakewood, OHUnited States
 Unemployment Rate  Unlock5.2%6.0%
 Recent Job Growth  Unlock1.0%1.6%
 Future Job Growth23.6%  Unlock33.5%
 Sales Taxes8.0%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$31,099  Unlock$37,638
 Household Income  Unlock$57,588$69,021
 Family Median Income$73,590  Unlock$85,028
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 Est. Households By Income
 Parma, OHLakewood, OHUnited States
 Income Less Than 15K  Unlock10.8%9.4%
 Income between 15K and 20K3.5%  Unlock3.8%
 Income between 20K and 30K  Unlock9.0%8.1%
 Income between 30K and 40K9.3%  Unlock8.0%
 Income between 40K and 50K  Unlock9.1%7.6%
 Income between 50K and 60K9.9%  Unlock7.2%
 Income between 60K and 75K  Unlock11.3%9.6%
 Income between 75K and 100K16.5%  Unlock12.8%
 Income between 100K and 150K  Unlock13.3%16.3%
 Income between 150K and 200K4.7%  Unlock7.8%
 Income greater than 200K  Unlock5.5%9.5%
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 Population By Occupation
 Parma, OHLakewood, OHUnited States
 Management, business, finance13.3%  Unlock16.4%
 Engineering, computers, science  Unlock8.5%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock1.6%1.2%
 Education, library4.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.5%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock1.7%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock7.3%5.4%
 Building maintenance3.8%  Unlock3.6%
 Personal care  Unlock2.8%2.6%
 Sales, office, administrative support25.7%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair7.5%  Unlock8.1%
 Production, transportation, material moving  Unlock7.8%13.1%
Reviews for Parma    2 Reviews

Over 12 years ago

~80k strong my city is full of working class Clevelanders. It seems to be fading yet continues year to year plodding  More

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Over 17 years ago

travel to work during normal rush hour(0800 - 0900)is pretty good compared to when we travel to other area of country. Sorry no hard data to support  More

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Reviews for Lakewood    7 Reviews

Over 11 years ago

Lakewood, Ohio has the best of everything. Restaurants, small business, walkability, library, theater, schools, century homes, front porches, neighborhoods, parks, Lake  More

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Over 12 years ago

If you get a job in Cleveland, THIS IS THE PLACE TO LIVE! It has something for everybody. I was raised here and never knew anything else at this time. Once I went away  More

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Over 12 years ago

I haven't lived here, but have spent a lot of time in the area, and most certainly will move here when I finally can move back to the Cleveland area in a few years. I  More

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