Parma Heights, OH, exhibits a cost of living index that is slightly below the nationwide average, which is set at 100. The overall cost of living index for Parma Heights stands at 90, indicating that living expenses are about 10% lower than the national benchmark. This makes Parma Heights an attractive location for those seeking a more affordable lifestyle without significant compromise on quality.
Delving into specific categories, Parma Heights offers lower housing costs with an index of 85, nearly 15% below the national average. While other expenses such as groceries, utilities, transportation, healthcare, and miscellaneous items hover around or just above the national average, the reduced housing costs contribute significantly to the overall lower cost of living. This balance makes Parma Heights a practical choice for budget-conscious job seekers.
The cost of living index in Parma Heights, Ohio, reveals several key insights when compared to the nationwide average of 100. Housing costs in Parma Heights are notably lower, sitting at 85 on the index. This indicates that residents can expect to spend about 15% less on housing compared to the national average. Such affordability makes Parma Heights an attractive option for individuals and families looking to balance housing costs within their budget.
Parma Heights also benefits from relatively low grocery prices, with an index of 90. This means that residents spend 10% less on groceries than the average American. Combined with the modest transportation costs at an index of 90, job seekers and families will find it easier to manage their daily expenses. Furthermore, utilities and healthcare costs are slightly above average, with indices of 95 and 90, respectively. Utilities cost about 5% more, while healthcare costs are in line with the national average. Overall, Parma Heights offers a cost-effective living environment with several categories below the national average.
