Parma, NY is a small town in New York that offers a peaceful and relaxed atmosphere. It has a flourishing business district with many local companies such as Parma Dairy, P&L Motors, and Parma Hardware. The cost of living in Parma is slightly lower than the US average due to its low rental costs (2 bedroom rent is $1,330 compared to $1,430 in the US). Similarly, grocery costs are comparable with an index score of 100 both within Parma and across the United States. Despite this lower cost of living, residents still benefit from modern amenities. All in all, Parma is an excellent place to live with many great opportunities available.
Parma has an unemployment rate of 6.7%. The US average is 6.0%.
Parma has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Parma
- The Sales Tax Rate for Parma is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Parma is 6.5%. 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 $34,251 a year. The US average is $37,638 a year.
- The Median household income of a Parma resident is $83,627 a year. The US average is $69,021 a year.