Challis, ID vs Parma, ID

There is a significant gap in the cost of living between these two cities. Challis is 19.2% cheaper than Parma. With a cost index of 65 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Challis to Parma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Challis is $635/month compared to $955/month in Parma — a 34% difference. Home values follow the same pattern: Challis is more affordable at $168,300 median vs $232,400.

Median household income in Challis is $50,034 compared to $47,798 in Parma (+4.7%). Challis offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Challis spend roughly 15.2% of their income on rent, less than the 24% in Parma.