Cost of Living in Parma, ID
Housing
The housing market plays a significant role in determining the cost of living in Parma, ID.
- Housing Index: 101.6 / 100
- Median Home Price is: $196,000
- Average Rent (2 BR Apartment): $1574 per month
- Average Rent (2 BR House): $1711 per month
In analyzing the real estate market in Parma, ID, the data reveals a median home price of 196000. However, the housing index reflects a significant void, highlighted by the average rent for both a 2-bedroom apartment and house being recorded as zero. This often indicates a mismatch in demand and supply or market availability issues. When considering a move, potential residents should evaluate alternative housing options or investigate whether this reflects an upcoming economic opportunity or risk. The absence of current rental data may also suggest a transient market, encouraging further research into the local community dynamics and amenities before making a relocation decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Parma, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $246 per month
Living in Parma, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $246 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.