Parma township, MI is a great place to live with plenty of local companies offering affordable goods and services. Housing costs are lower than the national average, with two bedroom rents costing an average of $900 compared to $1,430 in the United States. Grocery costs are even cheaper in Parma township, with a grocery cost index of 93 versus 100 in the US. This allows locals to save money while still enjoying quality products from local businesses such as Walmart, Meijer, Kroger, and Aldi.
Parma township has an unemployment rate of 5.9%. The US average is 6.0%.
Parma township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Parma township
- The Sales Tax Rate for Parma township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parma township is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Parma township
- The average income of a Parma township resident is $19,618 a year. The US average is $28,555 a year.
- The Median household income of a Parma township resident is $70,433 a year. The US average is $69,021 a year.