Parma, Idaho is a small town with a population of just over 3,000 people. Despite its size, it offers plenty of amenities for residents and visitors alike. The average two-bedroom rental cost is much lower than the national average at $980. Prices for groceries are also significantly lower than the rest of the country, coming in at 92 on the grocery cost index compared to 100 in many other places. Parma is home to several local businesses such as Valley Coffee Company and B & D Hardware Store as well as attractions like Parma City Park and the Snake River Bird Observatory. With its affordable prices and wide variety of activities, Parma is an ideal place to live or visit.
Parma has an unemployment rate of 4.3%. The US average is 6.0%.
Parma has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 48.1%, which is higher than the US average of 33.5%.
Tax Rates for Parma
- The Sales Tax Rate for Parma is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parma is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Parma
- The average income of a Parma resident is $14,490 a year. The US average is $28,555 a year.
- The Median household income of a Parma resident is $45,900 a year. The US average is $69,021 a year.