Ohio · Midwest · 80k residents
Parma, OH: economy, jobs & business costs
The site-selection read on Parma: labor costs, talent, corporate tax, energy, and business activity, with the Ohio median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,313/wk. Ohio's corporate income tax rate is 0%. Commercial electricity averages 10.7¢/kWh.
Compare Parma side by side
Avg. weekly wage
$1,313/wk
Corporate income tax
0%
Bachelor's degree or higher
24.4%
Commercial electricity
10.7¢/kWh
Economic momentum
We don't yet track economic momentum for Parma. It will rank business formation, jobs, and building-permit growth against the US cities we track.
| ACS median home value | $170,100 |
| Price per sq. ft. | $145 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $885/mo |
| 2-bedroom rent | $1,119/mo |
| State & local income tax | 3.91% |
| Sales tax | 7.25% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,313/wk |
| Bachelor's degree or higher | 24.4% |
| Commercial electricity | 10.7¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $114,090 |
| Wage: Registered nurse | $82,510 |
| Wage: General manager | $97,700 |
| Wage: Customer service | $45,610 |
| Wage: Warehouse worker | $37,130 |
| Wage: Heavy truck driver | $59,800 |
| Wage: Electrician | $64,700 |
| Wage: Retail salesperson | $30,800 |
| Cost of living index | 79 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $60/mo |
| Gas price | $3.15/gal |
| Healthcare index | 95 |
| Childcare (per child) | $950/mo |
| Median household income | $69,295 |
| Unemployment rate | 3.9% |
| Population | 80k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | — |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 84°F |
| January low | 22°F |
| Annual snowfall | 64 in |
| Home price YoY | +5.0% |
| Home price MoM | +0.2% |
| Rent YoY | +8.2% |
| Rent MoM | +1.7% |
| Employment (jobs) YoY | — |
| Building permits YoY | — |
| Ocean coast | 397 mi |
| Big lake | 7 mi |
| Mountains | 220 mi |
| Major airport | 7 mi |
| Ski resort | 159 mi |
Popular comparisons
Nearby
- Parma Heights, OH · 21k
- Brook Park, OH · 18k
- Middleburg Heights, OH · 16k
- Broadview Heights, OH · 20k
- North Royalton, OH · 31k
Similar size
- Canton, OH · 70k
- Lorain, OH · 65k
- Hamilton, OH · 63k
- Youngstown, OH · 59k
- Springfield, OH · 58k
Real listings in Parma
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Parma a good place to run a business?
- Ohio's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,313/wk; commercial electricity averages 10.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Parma, OH?
- Parma indexes at 79 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,119/mo and a acs median home value of $170,100.
- How much does a house cost in Parma?
- The acs median home value in Parma is $170,100 (Census ACS estimate; individual listings vary).
- How much is rent in Parma?
- A two-bedroom in Parma rents for about $1,119/mo.