Canfield, OH vs Parma Heights, OH

Canfield is moderately more affordable than Parma Heights, with a 8% lower cost of living index. Canfield scores 72 compared to 79 for Parma Heights, where the US average is 100. This difference means residents of Parma Heights can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Canfield is $786/month compared to $1,072/month in Parma Heights — a 27% difference. Interestingly, home values tell a different story: while Canfield has cheaper rent, Parma Heights actually has lower median home values ($165,800 vs $225,100).

Median household income in Canfield is $97,730 compared to $59,218 in Parma Heights (+65%). Canfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Canfield spend roughly 9.7% of their income on rent, less than the 21.7% in Parma Heights.