Living in Parma, Missouri
Cost of living, income, home prices, rent and demographics of Parma · Census data 2020–2024
Parma has 596 residents with a median age of 37.9. The median household income is $63,750 (10% lower than the Missouri median), the median home value is $43,300, the median rent is $575/month.
Parma is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Parma at a glance
- Population
- 596
- Median age
- 37.9State: 39
- Median household income
- $63,750State: $70,702
- Median home value
- $43,300State: $230,300
- Median rent
- $575/moState: $1,033
- Homeowners
- 61.5%
- Bachelor's degree or higher
- 8.1%
- Average commute
- 20 min
Is Parma a good place to live?
Pros: Home values 81% lower than the state median; an average commute of 20 minutes; unemployment of 0.5%.
Cons: Median household income 10% lower than the Missouri median; a poverty rate of 27.7%.
The weather is best in April–May and September–October.
Cost of living in Parma
Housing is the biggest part of the cost of living. In Parma the median home value is $43,300, 87% lower than the U.S. median. Renters pay a median of $575 per month, which is 28.2% of household income. Homeowners with a mortgage pay $594 a month in housing costs.
Parma median household income
The median household income in Parma is $63,750 and the income per person is $24,580. 27.7% of residents live below the poverty line (Missouri: 12.6%).
Housing in Parma: homes for sale and rent
- Housing units
- 271
- Owner-occupied
- 61.5%
- Renter-occupied
- 38.5%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.55
Parma demographics
- Population
- 596
- Median age
- 37.9
- Under 18
- 24.8%
- 65 and older
- 13.9%
- Households
- 234
- Foreign-born
- 0.3%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Parma ›
Education in Parma
8.1% of adults 25 and older in Parma have a bachelor's degree or higher (Missouri: 32.4%), and 4.2% have a graduate or professional degree.
Jobs and commute in Parma
- Unemployment rate
- 0.5%State: 4%
- Average commute
- 20 minState: 24 min
- Work from home
- 3.8%
- Drive alone
- 84.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.2%
Parma vs nearby towns
More for people moving to Parma
Parma ZIP code ›Weather and climate ›Living in Parma: FAQ
What is the median household income in Parma, MO?
The median household income in Parma is $63,750, 10% lower than the Missouri median of $70,702 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Parma?
The median home value in Parma is $43,300, compared with $230,300 in Missouri.
How much is rent in Parma?
The median gross rent in Parma is $575 per month, about 28.2% of household income.
Is Parma, MO a good place to live?
Pluses: home values 81% lower than the state median; an average commute of 20 minutes; unemployment of 0.5%. Minuses: median household income 10% lower than the Missouri median; a poverty rate of 27.7%.
What is the median age in Parma?
The median age in Parma is 37.9 years (Missouri: 39).
How long is the commute in Parma?
The average commute to work in Parma is 20 minutes; 3.8% of workers work from home.
What is the unemployment rate in Parma?
The unemployment rate in Parma is 0.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Parma?
8.1% of adults in Parma have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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