States › Ohio › Parma Heights

Is Parma Heights, OH expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,56911% lower than U.S. average
💵 Families earn per year (2026)$65,798about $5,483/month · 24% lower than U.S. average
🔑 House price$175,10047% lower than U.S. average

Rent is lower than in 54% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $62,760 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

No. Rent here is more expensive than in most of Ohio. It is number 216 of 288 cities from cheapest to most expensive.

Parma Heights
$1,569
Painesville
$1,197
Piqua
$1,351
Sidney
$1,219
Forest Park
$1,775
Mayfield Heights
$1,326
Whitehall
$1,314

How much do households earn in Parma Heights?

Under $25k
15.0%
$25k–50k
29.5%
$50k–100k
34.5%
$100k–150k
11.3%
$150k+
5.4%

Share of households by yearly income. 16.7% of households earn $100,000 or more.

Rent by apartment size in Parma Heights

SizeParma HeightsU.S. average
Studio$718$1,338
1 bedroom$1,032$1,324
2 bedrooms$1,297$1,509
3 bedrooms$1,803$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Parma Heights overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Parma Heights, so the Ohio figure is shown.

Taxes and bills in Parma Heights

🏛️ Property tax$3,459a year · 1.98% of home value · U.S. $3,119
⚡ Electric bill$94a month (typical) · U.S. $156

Life in Parma Heights

Commute to work25.7 minU.S.: 26.4 min
College degree27.5%U.S.: 35.7%
Own their home57.8%U.S.: 65.2%
Below poverty line13.9%U.S.: 12.5%
Unemployment4.1%U.S.: 5.2%

Is it cheaper to rent or buy in Parma Heights?

Buying is cheaper month to month: about $354 a month less than renting.

Renting
$1,569
Owning
$1,215

Owning assumes a typical $175,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,510 for the down payment.

Frequently asked questions

What is the average rent in Parma Heights, OH?

Renting in Parma Heights costs a median of about $1,569 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Parma Heights?

To keep rent under 30% of income, you need about $62,760 a year, or $30 an hour at a full-time job.

Is Parma Heights cheap or expensive?

Parma Heights is rated OK: rent takes 28.6% of the typical household income of $65,798. It ranks 216th cheapest of 288 Ohio cities we track.

How much are property taxes in Parma Heights?

The median homeowner in Parma Heights pays $3,459 a year in property taxes, about 1.98% of the median home value.

Is Parma Heights more expensive than the national average?

Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Parma Heights?

The median home value in Parma Heights is $175,100, about 2.7 times the typical yearly household income.

20,581 people live in Parma Heights. Numbers are typical (middle) values.