Cost of Living in Parma, ID

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A+
9%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
27%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Parma Idaho National
Cost of living9198100
Groceries100102100
Health care99101100
Housing7390100
Transportation99103100
Utilities99101100
Lifestyle & Entertainment98105100
Household Items100101100
Education & Childcare97101100
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Homes For Sale In Parma, ID

property for sale

TBD Lon Davis Rd

Parma, ID
property for sale

29335 Dixie Rd

Parma, ID
property for sale

28283 Pearl Rd

Parma, ID
property for sale

712 N 4th St

Parma, ID
See the Newest Homes For Sale In Parma, ID

Cost Of Living Quick Facts

  • The cost of living in Parma is 7% lower than the Idaho average
  • The cost of living in Parma is 9% lower than the national average
  • Parma housing is 27% lower than the national average
  • Idaho general sales tax is 18% higher than the national average
  • Idaho state income tax is 123% higher than the national average

Most Affordable Places to Live in and Around Parma

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Compare Parma, ID Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$70,229$5,852$1,639$2,107
      Renters$47,139$3,928$1,100$1,414

      Idaho Sales Tax

      State General Sales Tax With Max Surtax
      Idaho 6% 8.5%

      Idaho Income Tax

      State Income Tax (Low) Income Tax (High)
      Idaho 5.8% 5.8%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Adrian, OR2288515.1%
      Homedale, ID2,7468614.2%
      Vale, OR2,2878812.4%
      Nyssa, OR3,2618911.3%
      Wilder, ID1,788909.9%
      Parma, ID2,031918.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ridgely, MD2,0311010.5%
      Sainte-Anne-de-la-Pérade, QC2,031n/a 
      Huachuca City, AZ2,0308911.2%
      Mount Ayr, IA2,0308416.2%
      Slayton, MN2,0308415.9%
      Parma, ID2,031918.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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