Parma Heights, OH, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Parma Heights stands at 88, which is 12% less than the national benchmark of 100. This reduction makes Parma Heights an attractive option for those seeking more affordable living conditions without sacrificing essential amenities.
Specifically, housing costs in Parma Heights are 18% below the national average, while groceries are only 5% below. Utilities and transportation also show slight savings, at 10% and 12% below the average, respectively. Healthcare costs are slightly above average, but still manageable at 8% higher. This balanced profile makes Parma Heights a practical choice for budget-conscious individuals.
Parma Heights, OH, presents a cost of living that is notably lower than the nationwide average. The housing index, for example, stands at 82, which is 18% below the national average of 100. This suggests that housing expenses in Parma Heights are more affordable, making it an attractive option for those looking to save on their living costs. Additionally, the transportation index is 88, which is 12% lower than the national average. This indicates that commuting and other transportation-related costs are also relatively lower in Parma Heights.
When comparing other essential expenses, Parma Heights continues to show a favorable cost profile. The grocery index is 95, which is 5% below the national average. This means that food costs are slightly lower than the average American might expect. Utilities, with an index of 90, are 10% below the national average, offering another area where residents can save. Healthcare costs, at 92, are just 8% below the national average, ensuring that medical expenses remain manageable. Overall, Parma Heights provides a cost of living that is competitive and often more affordable than the national average.
