Housing costs in Parma?
A typical home costs
$216,800, which is 35.9% less expensive than the national average of
$338,100 and 0.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Parma costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 19.6% cheaper than the state average of
$1,100.
Can I afford Parma?
To live comfortably in Parma, Michigan, a minimum annual income of
$41,400 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Parma?
Parma, MI is a relatively affordable place to live. Housing costs are below the national average and goods and services come at a lower cost than many other areas in Michigan. The median household income is around $45,000 per year, but you can get by with much less. A meal out at a restaurant will cost about $15 and utilities such as electricity and water are quite low. All in all, Parma is an excellent choice if you are looking for an inexpensive place to live with plenty of amenities.