Parma Heights, OH

Very Low · 68

Ohio · Population 20,616 · Updated March 2026

$1,072
Median Rent / Month
$59,218
Median Income
$165,800
Median Home Value
$1,086
Owner Costs / Month

Affordability

How far your income goes in Parma Heights

21.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Ohio

State-level tax rates that affect your costs

3.5%
Income Tax (Top Rate)
5.75%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$12,864
Annual Rent
$2,073
State Income Tax
$2,537
Property Tax (est.)

Cost of Living Overview

Parma Heights is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 68 (where 100 equals the national median), Parma Heights residents can expect to pay median rent of $1,072/month while earning a median household income of $59,218/year.

The median home value in Parma Heights, OH is $165,800, with typical monthly owner costs around $1,086 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Ohio has a moderate income tax rate of 3.5%. Combined with a 5.75% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Parma Heights.

Frequently Asked Questions

Common questions about living costs in Parma Heights

What is the cost of living in Parma Heights, OH?
The cost of living index in Parma Heights, OH is 68 (US average = 100). Median monthly rent is $1,072, median household income is $59,218/year, and the median home value is $165,800.
Is Parma Heights, OH affordable?
Yes, Parma Heights is more affordable than the national average with a cost index of 68. The rent-to-income ratio is 21.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Parma Heights, OH?
The median gross rent in Parma Heights, OH is $1,072 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,864.
What is the median household income in Parma Heights?
The median household income in Parma Heights, OH is $59,218 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Ohio?
Ohio has a top income tax rate of 3.5%, a sales tax of 5.75%, and an effective property tax rate of 1.53%.