Parma, OH is a vibrant city located in Cuyahoga County. It is home to many businesses and attractions such as the Parmatown Mall, Severance Center, and Parmatown Square. Parma is also home to numerous hospitals including Cleveland Clinic Parma Hospital, MetroHealth Parma Medical Center, and Southwest General Health Center. Education wise, Parma hosts a variety of schools such as Holy Name High School, Valley Forge High School, Normandy High School, and Shiloh Middle School. In addition to these educational institutions, Parma has a number of great universities nearby such as Case Western Reserve University and Cleveland State University. With an average 2 bedroom rent of $1,070 compared to $1,430 nationally and a grocery cost index of 96 compared to 100 nationwide; Parma offers an affordable cost of living for its residents making it an attractive place to live or visit.
Parma has an unemployment rate of 5.2%. The US average is 6.0%.
Parma has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.6%, 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 5.7%. 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 $24,828 a year. The US average is $28,555 a year.
- The Median household income of a Parma resident is $60,590 a year. The US average is $69,021 a year.