Housing costs in Parma?
A typical home costs
$206,800, which is 38.8% less expensive than the national average of
$338,100 and 5.4% 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 (zip 49269), Michigan, a minimum annual income of
$39,600 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Parma?
The cost of living in Parma, MI is quite reasonable. The median home price in the area is around $150,000, making it an affordable place to live. Utilities are also relatively low, with an average electric bill of about $100 a month and water & sewer costing around $50. Groceries are also relatively inexpensive, with most foods being available for under $10 per item. In addition, the city has a variety of shopping and dining options at prices that won’t break the bank. Overall, Parma is an affordable place to live and offers its residents a good quality of life at a reasonable cost.