Cost Of Living in Parma, ID

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Parma	Idaho	National
Cost of living	95	96	100
Goods & Services	106	101	100
Groceries	104	101	100
Health care	102	99	100
Housing	74	88	100
Transportation	111	105	100
Utilities	84	86	100

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Cost Of Living Quick Facts

The cost of living in Parma is 1% lower than the Idaho average
The cost of living in Parma is 5% lower than the national average
Parma housing is 26% lower than the national average
Idaho general sales tax is 18% higher than the national average
Idaho state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$46,400	$3,867	$1,083	$1,392
Renters	$31,659	$2,638	$739	$950

Idaho Sales Tax

State	General Sales Tax	With Max Surtax
Idaho	6%	8.5%

Idaho Income Tax

State	Income Tax (Low)	Income Tax (High)
Idaho	5.8%	5.8%

Goods & Services

Item	Parma	National avg.	Difference
Haircut	$27.88	$24.26	14.9%
Beauty Salon	$41.57	$45.56	8.8%
Toothpaste	$4.22	$3.70	14.1%
Shampoo	$1.21	$1.28	5.3%
Movie	$11.60	$12.13	4.4%
Bowling	$18.53	$18.00	2.9%

Groceries

Item	Parma	National avg.	Difference
Ground Beef	$5.96	$5.84	2.1%
Fried Chicken	$1.46	$1.57	7.0%
Milk	$4.91	$4.67	5.0%
Potatoes	$4.57	$4.93	7.4%
Pizza	$11.56	$12.09	4.4%
Beer	$10.59	$10.41	1.7%

Health Care

Item	Parma	National avg.	Difference
Optometrist	$152.62	$125.68	21.4%
Doctor	$150.90	$135.78	11.1%
Dentist	$97.00	$113.29	14.4%
Ibuprofen	$10.79	$10.65	1.3%
Lipitor	$524.49	$468.60	11.9%

Housing

Item	Parma	National avg.	Difference
Home Price	$131,100.00	$184,700.00	29.0%
Avg. Mortgage Payment	$2,525.04	$2,346.69	7.6%
Apartment Rent	$780.00	$949.00	17.8%

Transportation

Item	Parma	National avg.	Difference
Gasoline	$3.60	$3.46	3.9%
Tire Balancing	$75.93	$59.92	26.7%

Utilities

Item	Parma	National avg.	Difference
All Electricity	$154.20	$193.99	20.5%
Phone	$176.97	$192.25	7.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Adrian, OR	224	88	12.4%
Homedale, ID	2,688	89	11.2%
Vale, OR	2,210	91	9.4%
Nyssa, OR	3,176	91	8.7%
Wilder, ID	1,740	92	7.6%
Parma, ID	1,990	95	5.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Auburn, MI	1,990	91	9.4%
Dolan Springs, AZ	1,989	81	19.2%
Bell Canyon, CA	1,991	291	190.6%
Veedersburg, IN	1,989	84	15.5%
Munising, MI	1,991	85	15.4%
Parma, ID	1,990	95	5.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Parma, ID