Cost Of Living in Parma, MO

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	Missouri	National
Cost of living	74	88	100
Goods & Services	95	92	100
Groceries	95	95	100
Health care	77	90	100
Housing	30	78	100
Transportation	88	91	100
Utilities	89	99	100

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Cost Of Living Quick Facts

The cost of living in Parma is 17% lower than the Missouri average
The cost of living in Parma is 26% lower than the national average
Parma housing is 70% lower than the national average
Missouri general sales tax is 17% lower than the national average
Missouri state income tax is 23% lower 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	$50,000	$4,167	$1,167	$1,500
Renters	$0	$0	$0	$0

Missouri Sales Tax

State	General Sales Tax	With Max Surtax
Missouri	4.225%	10.85%

Missouri Income Tax

State	Income Tax (Low)	Income Tax (High)
Missouri	2%	4.95%

Goods & Services

Item	Parma	National avg.	Difference
Haircut	$22.59	$24.26	6.9%
Beauty Salon	$43.68	$45.56	4.1%
Toothpaste	$3.59	$3.70	3.0%
Shampoo	$1.06	$1.28	17.4%
Movie	$13.11	$12.13	8.1%
Bowling	$14.38	$18.00	20.1%

Groceries

Item	Parma	National avg.	Difference
Ground Beef	$5.34	$5.84	8.5%
Fried Chicken	$1.38	$1.57	12.4%
Milk	$4.52	$4.67	3.3%
Potatoes	$5.34	$4.93	8.3%
Pizza	$11.64	$12.09	3.7%
Beer	$10.04	$10.41	3.6%

Health Care

Item	Parma	National avg.	Difference
Optometrist	$113.05	$125.68	10.1%
Doctor	$121.20	$135.78	10.7%
Dentist	$93.91	$113.29	17.1%
Ibuprofen	$10.17	$10.65	4.5%
Lipitor	$454.83	$468.60	2.9%

Housing

Item	Parma	National avg.	Difference
Home Price	$35,000.00	$184,700.00	81.1%
Avg. Mortgage Payment	$2,005.46	$2,346.69	14.5%
Apartment Rent	$541.00	$949.00	43.0%

Transportation

Item	Parma	National avg.	Difference
Gasoline	$3.12	$3.46	9.9%
Tire Balancing	$51.88	$59.92	13.4%

Utilities

Item	Parma	National avg.	Difference
All Electricity	$163.75	$193.99	15.6%
Phone	$204.07	$192.25	6.1%

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.
North Lilbourn, MO	187	92	8.0%
Baker, MO	0	92	8.0%
Grayridge, MO	147	92	8.0%
Catron, MO	36	68	32.5%
Tallapoosa, MO	95	68	31.7%
Parma, MO	616	74	26.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Shipman, IL	616	82	18.3%
Killona, LA	616	87	12.7%
Mermentau, LA	616	76	23.5%
Sherman, MS	616	80	19.5%
Newton Grove, NC	616	91	8.6%
Parma, MO	616	74	26.5%

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, MO