Housing costs in Parma?
A typical home costs
$62,100, which is 81.6% less expensive than the national average of
$338,100 and 70.7% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Parma costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 33.8% cheaper than the state average of
$950.
Can I afford Parma?
To live comfortably in Parma, Missouri, a minimum annual income of
$11,880 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Parma?
The cost of living in Parma, MO is fairly reasonable. The median home value is around $85,000 which is significantly lower than the national average. The median household income is approximately $34,700 and the average rental costs per month are around $620 for a one bedroom apartment. Parma also has a fairly low unemployment rate which helps keep the overall cost of living low. The town does not have any large industries, so most people commute to larger cities and towns nearby for work. Additionally, there are many local businesses that offer goods and services at competitive prices. Overall, Parma offers an affordable quality of life with various amenities available to its residents.