Cost of Living in Parma, MI
Housing
The housing market plays a significant role in determining the cost of living in Parma, MI.
- Housing Index: Data is updating
- Median Home Price is: $165,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Parma, MI? The median home price stands at 165000, making it an attractive option for those looking to enter the housing market. However, it's worth noting that the housing index is currently at 0.0, with both average rent for a 2BR apartment and house set at 0.0 and 0.0, respectively. This indicates a possible shortage of rental options, which could push rents higher in the near future. Investigating local amenities and employment opportunities is also advisable to make an informed decision about relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Parma, MI.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Parma, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Parma is a financially viable option for your relocation.